Chiesi Search For Investor Edge Went To Far, Say Prosecutors (WSJ)
Danielle’s attorney begs to differ: Mr. Kaufman said that all Ms. Chiesi was doing was trying to get better information than most people have, which is “what thousands and thousands of people in the financial community try to do,” He added, “I did not see any allegations that Danielle was trading for her own account or that she personally profited from this.”
Bank of America Saw Merrill Losses in November, E-Mails Show (Bloomberg)
“Read and weep,” Chief Accounting Officer Neil Cotty wrote in a Nov. 5 e-mail to Chief Financial Officer Joe Price that included Merrill’s October financial report.
Galleon Moves Assets Into Cash (FT)
Most investors are redeeming ASAP though one charitably offered: “Liquidation would be the objective thing to do,” adding that he would be “looking to see what happens this week.”
Goldman Sachs Exec Defends Bonuses At Ethics Debate (Reuters)
Brian Griffiths said he was not “ashamed” of his bank’s compensation package.
King Suggests Splitting Up Largest Banks to Stem Risk (Bloomberg)
Mervyn says chop ‘em up.
Fed Chooses Staff Economist as Head of Bank Supervision (WSJ)
“As an economist with deep expertise in financial markets, Pat Parkinson will be an important asset at a time when we are focusing on a multidisciplinary approach to banking supervision and regulation,” Mr. Bernanke said. “We’re working to supervise the banking sector in a way that focuses not just on individual institutions, but on how those institutions are interconnected and are integrated into the financial system and the economy.”
Posted by guest , Oct 21, 2009 8:02AM
buzz your girlfriend- woof!
Posted by guest , Oct 21, 2009 8:08AM
I am not a crook.
-raj raj
Posted by wcburrs87 , Oct 21, 2009 8:23AM
Is Chiesi still in love with Flava Flav?
Posted by guest , Oct 21, 2009 8:26AM
She looks so beautiful in that picture.
-Greg Michaels
Posted by guest , Oct 21, 2009 8:35AM
@3
Lol. Foofi.
Posted by guest , Oct 21, 2009 8:38AM
I'd tap that for stock tips.
-Johnny Meriwether
Posted by strangebrew , Oct 21, 2009 8:41AM
Where is this place called Far that went to? Oh, you meant TOO far.
Posted by guest , Oct 21, 2009 8:45AM
""Tell me I'm the best in AMD," Mr. Rajaratnam said to Ms. Chiesi as he shared information with her about the company."
http://www.nytimes.com/2009/10/21/business/21insider.html?ref=business
"In Fraud Case, a Deal That Lost Millions"
"One bad trade, in the shares of the chip maker Advanced Micro Devices, cost his hedge fund, the Galleon Group, $30 million. That loss more than wiped out the profits that prosecutors claim Mr. Rajaratnam and his accomplices reaped with their scheme. "
Posted by InfiniteGuest , Oct 21, 2009 8:53AM
Step (1) Break up institutions deemed "too big to fail."
Step (2) ???
Posted by merkin capital partners , Oct 21, 2009 8:56AM
Ursula?! I thought we killed you!
-Little Mermaid
Posted by guest , Oct 21, 2009 9:05AM
@9 your wrong,
Step 1 = Hit head against curb
Step 2 = If step 1 failed, repeat
Posted by guest , Oct 21, 2009 9:06AM
Exciting? Try cheap. Where are the stories of ritzy hotels a la sheryl w.?
"The employees allegedly had late-night affairs in exciting places -- such as their boss' sofa "with whomever they could find.""
"Madoff's druggie bunk bud"
http://www.nypost.com/p/news/local/manhattan/madoff_druggie_bunk_bud_ZKgRMr47QfMu72UaOEO2jN
"
Posted by Joe Mac , Oct 21, 2009 9:18AM
@3 WC-Nice...
Posted by guest , Oct 21, 2009 9:35AM
@3
She may be, but her fried chicken tasted terrible, so I gave her the boot!
-FF
Posted by guest , Oct 21, 2009 9:49AM
Melissa Francis' skank cousin.
Posted by guest , Oct 21, 2009 10:39AM
Anyone know the cutie arresting Chiesi in that picture (DB cut off her face)?!?
Posted by guest , Oct 21, 2009 11:22AM
@16-- Talk about cuties? What about the Asian FBI hottie arresting Raj Raja? Makes you want to commit financial fraud!
http://blogs.usatoday.com/ondeadline/2009/10/report-more-insidertrading-arrests-soon.html