Pay Czar Wants No Wider Authority (WSJ)
Great news! Kenneth Feinberg does not want to oversea the pay of any firms beyond the 7 special ones he’s already policing, despite some Congressmen urging the Compensation Cop to go crazy one everyone’s asses. (Vikula et al still loose.)
Buffett Beats Gross in Global Poll as Investor With Most Wisdom (Bloomberg)
When your need advice on insurance companies or sex, the Oracle is apparently where most people go to get it. If he’s got his hands tied with some buxom prosties: “The closest runner-up, Bill Gross, the founder and co- chief investment officer of Pacific Investment Management Co., is chosen by 16 percent. Billionaire investor George Soros gets 10 percent, followed by Nouriel Roubini, the New York University professor who in 2006 predicted the financial crisis, and Marc Faber, publisher of the Gloom, Boom & Doom Report. Fewer than 1 in 10 cited Federal Reserve Chairman Ben Bernanke, despite high marks for his performance as a central banker. Only 3 percent pick Alan Greenspan, the former Fed chairman.”
Galleon Paid Banks Millions For ‘Edge’ (FT)
One executive who dealt with Galleon said: “They wanted anything the public did not have. They got various pieces and put them together and that was their edge.” A former Goldman executive who provided services to funds including Galleon said: “They were tough and aggressive. They cared about short-term returns and cared a lot about the impact of their trading and the costs. They expected a lot of market information.” Serious question: since when is this a crime?
Accountant Sentenced To House Arrest In UBS Tax Case (NYT)
The real kicker here is that apparently the authorities aren’t going to tolerate this kind of thing anymore, because they know you know it’s illegal: “Thousands, if not millions, of taxpayers now know what the legal landscape is,” Judge Cooke said. “Now, we will not tolerate offshore tax evasion.”
K1 Hedge Fund Said to Be Linked to FBI Money-Laundering Sting (Bloomberg)
Homes and offices raided.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
What can I say, I know tits.
-WB
“Serious question: since when is this a crime? ”
I’d also like to know.
-SAC
UBS: still suckin!
Meanwhile Birkenfield is going to jail.
I’d kill for a sundae right about now.
“Serious question: since when is this a crime? ”
The line has shifted on what is legal. Said another way – “It moved”.
Buffett is a shitheel of the highest order.
@7 stop leaving that comment (about whoever the subject is) on every post, weirdo.
@ 8
I agree. Please also tell that dickless shitheel who comes in here everyday to post vile nonsense about Greg to stow it as well.
@8
Don’t be such a humorless shitheel, man. Get over it.
I stepped in poo, I now have a shitheel.
@8 = racist
Both Billy Bob and War-ren would suck goose eggs if Jamie was on the list.
@ 8 is a shitheel.
http://www.nypost.com/p/news/local/manhattan/low_flying_helicopters_around_manhattan_sQ7mPf2t8ajOJYGkU1ci5L
-ws2
mosaic theory?
@ 8
The shitheel store called. They’re running out of you.
“Serious question: since when is this a crime?”
Serious Answer: Since the time front-running was a crime.
@8 is a deranged racist piece of trailer trash.
he’s a fag too.
In Re: Serious Question
It’s a crime because the public doesn’t have access to it! Hedge Funds shouldn’t be able to trade on material non-public information. That’s positively un-American!
-Populist Ranter
@12, I like the cut of your jib.
He’s the Forrest Flynt of investing. Won’t be long before the Asians in his basement try to escape. Why do you think he doesn’t move houses…?
Where am I in this poll?
The tie says “I’m a powerful businessman.” The whipped cream says “I dine on creampies all the day long, toots.”
Serious Answer: its not.
Dear “Air-In” Burnett,
Your costume is really scary!
Did I already mention that I only fuck virgin sturgeons?
Dennis Kneale
I can’t believe I wasn’t in the top 5. These finance douchebags don’t read Buffet’s website to find out what the 411 is.
-Bess
Ah Bess, gotta love your twisted take on old Warren. As an avowed Buffetologist I’m scared you’ll read his annual letters and find such gems as the story of “Apassionata von Climax” :-)
The article is interesting. When Buffett says he doesn’t understand something it’s not because the man is slow, but simply because he looks for businesses that are either monopolies or strong franchises. How do you differentiate pets.com, hotbot.com, go.com and google.com?
@27
shut the f*ck up with that, its not funny, its not catching on, just go away and fade into obscurity already damnit, everyone knows Kneale only toys with collies
2nd @30
3rd @30