Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm (NYT)
Wanna work at the next big thing, by which we mean the next too big to fail firm? Step right up! Hank Greenberg is said to be staring AIG: The Sequel, and it’s gonna be huge. “Basically, he’s just starting ‘A.I.G. Two’ and raiding people out of ‘A.I.G. One,’ ” said Douglas A. Love, an insurance executive who has also hired A.I.G. talent for his company, Investors Guaranty Fund of Pembroke, Bermuda. “To me, it’s just going to be a matter of time before the valuation of what he’s building is greater than the valuation of A.I.G.,” said Andrew J. Barile, an insurance consultant in Rancho Santa Fe, Calif.
UBS Taps Bob McCann For US Brokerage (WSJ)
The former Merrill Lynch exec swears the unit will turn a profit on his watch.
Galleon Judge Pushes SEC (WSJ)
In his ruling Monday, Judge Rakoff said he wanted the first conference in the civil insider-trading case on Nov. 4 and that the SEC should prepare for an April 2010 trial “absent extraordinary circumstances.” The case is being heard in a New York federal court.
George Soros: Crisis To Have “Lasting” Impact (Reuters)
When asked if he was afraid that this will not happen once the crisis is over, he said: “Very much so because … one year after the crisis, now that the financial framework has been successfully held together and money markets start to recover, people would like to forget this (crisis) just as a bad dream,” Soros said.
Angry & Sor(kin) (NYP)
Apparently some biz reporters at the Times don’t think ARS is a “team player” and supposedly that the waivers Hank Paulson got to talk to Lloyd Blankfein, discussed in the book, were ripped off from Gretchen Morgenson and Don Van Natta Jr. Awkward! (Sorkin say he got the info first but nobody knew about it because he was on leave from the paper at the time but that he’s “spoken to Don” and is “happy to include a citation in the 40 pages of end notes as a courtesy in the next printing.”)
Posted by guest , Oct 27, 2009 8:05AM
if sorkin is innocent why the need for a citation?
Posted by guest , Oct 27, 2009 8:12AM
Given that George Soros has acknowledged he was a Nazi collaborator, perhaps we should ignore him. He'll be in hell soon enough.
Posted by guest , Oct 27, 2009 8:15AM
@2 what the hell are you talking about?
Posted by guest , Oct 27, 2009 8:20AM
@2 he is talking about cocaine being a hell of a drug
Posted by guest , Oct 27, 2009 8:20AM
hasnt ars been in this situation before?
Posted by guest , Oct 27, 2009 8:22AM
@3
http://sweetness-light.com/archive/george-soros-on-helping-the-nazis-during-the-holocaust
-not @2
Posted by guest , Oct 27, 2009 8:22AM
ubs will still suck
Posted by Legacy Lehman Quant , Oct 27, 2009 8:24AM
@7 agreed. UBS Sucks
Posted by guest , Oct 27, 2009 8:26AM
He looks so regal in that picture.
Posted by guest , Oct 27, 2009 8:45AM
@3, As 6 points out, 2's remark is the explicit version of a slander that Soros' political enemies leave mostly implicit.
Posted by Bob Saccamano , Oct 27, 2009 8:47AM
No comment.
Posted by guest , Oct 27, 2009 8:53AM
@10, I don't think "slander" really applies. Soros' own words paint the most damning picture.
Posted by guest , Oct 27, 2009 8:54AM
I'd like to tap some spandex.
Posted by guest , Oct 27, 2009 9:03AM
Those tits never get old
Posted by guest , Oct 27, 2009 9:18AM
"it’s just going to be a matter of time before the valuation of what he’s building is greater than the valuation of A.I.G."
You mean he's starting out in the hole?
Posted by InfiniteGuest , Oct 27, 2009 9:31AM
@12, by "slander," I meant, "facile, ad-hitlerum character assassination" equating the inaction of a minor child with the worst crimes of the perpetrators of the Shoah.
I regret any misunderstanding.
10
Posted by guest , Oct 27, 2009 9:36AM
@16, I think most folks had a sense of right/wrong by 14. Concur, he's a vulture, not a collaborator and murderer.
However, he's still a goddamn sociopath and a douche.
Posted by NotNasser , Oct 27, 2009 9:43AM
So what he has "acknowledged" in fact and what sociopaths like #2 falsely claim he has "acknowledged" are very different. That is the point 10/16 was making, if I understand correctly.
Posted by guest , Oct 27, 2009 9:51AM
I hope you are not suggesting that a wall street reporter like Gasbag has a big ego and would test the limits of ethical behavior to get the story. People do NOT behave that way on Wall Street. And UBS still sucks.
Posted by guest , Oct 27, 2009 9:58AM
@ 18 = homo
Posted by guest , Oct 27, 2009 9:59AM
I would like to take this opportunity to announce my intentions to fuck only virgin sturgeons from this day forth.
Dennis Kneale
Posted by guest , Oct 27, 2009 10:19AM
FWIW, "libel" is written, "slander" is verbal.
Posted by guest , Oct 27, 2009 2:49PM
"he's still a goddamn sociopath and a douche"
That pretty much sums up the whole of Wall Street, no?