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.
Posted by guest , Oct 29, 2009 8:12AM
What can I say, I know tits.
-WB
Posted by guest , Oct 29, 2009 8:15AM
"Serious question: since when is this a crime? "
I'd also like to know.
-SAC
Posted by guest , Oct 29, 2009 8:24AM
UBS: still suckin!
Posted by guest , Oct 29, 2009 8:30AM
Meanwhile Birkenfield is going to jail.
Posted by guest , Oct 29, 2009 8:30AM
I'd kill for a sundae right about now.
Posted by wcburrs87 , Oct 29, 2009 8:31AM
"Serious question: since when is this a crime? "
The line has shifted on what is legal. Said another way - "It moved".
Posted by Don DeFore , Oct 29, 2009 8:32AM
Buffett is a shitheel of the highest order.
Posted by guest , Oct 29, 2009 8:37AM
@7 stop leaving that comment (about whoever the subject is) on every post, weirdo.
Posted by Mike Hunt , Oct 29, 2009 8:41AM
@ 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.
Posted by Guest , Oct 29, 2009 8:47AM
@8
Don't be such a humorless shitheel, man. Get over it.
Posted by CoveredLong , Oct 29, 2009 8:49AM
I stepped in poo, I now have a shitheel.
Posted by guest , Oct 29, 2009 8:50AM
@8 = racist
Posted by guest , Oct 29, 2009 8:56AM
Both Billy Bob and War-ren would suck goose eggs if Jamie was on the list.
Posted by guest , Oct 29, 2009 9:06AM
@ 8 is a shitheel.
Posted by stone , Oct 29, 2009 9:07AM
http://www.nypost.com/p/news/local/manhattan/low_flying_helicopters_around_manhattan_sQ7mPf2t8ajOJYGkU1ci5L
-ws2
Posted by guest , Oct 29, 2009 9:12AM
mosaic theory?
Posted by guest , Oct 29, 2009 9:19AM
@ 8
The shitheel store called. They're running out of you.
Posted by guest , Oct 29, 2009 9:21AM
"Serious question: since when is this a crime?"
Serious Answer: Since the time front-running was a crime.
Posted by Seaman Bodine II , Oct 29, 2009 9:22AM
@8 is a deranged racist piece of trailer trash.
he's a fag too.
Posted by guest , Oct 29, 2009 9:23AM
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
Posted by guest , Oct 29, 2009 9:25AM
@12, I like the cut of your jib.
Posted by guest , Oct 29, 2009 9:35AM
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...?
Posted by Chazz o' Money , Oct 29, 2009 9:38AM
Where am I in this poll?
Posted by guest , Oct 29, 2009 9:41AM
The tie says "I'm a powerful businessman." The whipped cream says "I dine on creampies all the day long, toots."
Posted by Anal_yst , Oct 29, 2009 9:47AM
Serious Answer: its not.
Posted by Joe Mac , Oct 29, 2009 9:52AM
Dear "Air-In" Burnett,
Your costume is really scary!
Posted by guest , Oct 29, 2009 9:58AM
Did I already mention that I only fuck virgin sturgeons?
Dennis Kneale
Posted by guest , Oct 29, 2009 10:01AM
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
Posted by prince , Oct 29, 2009 10:24AM
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?
Posted by Anal_yst , Oct 29, 2009 10:43AM
@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
Posted by guest , Oct 29, 2009 10:51AM
2nd @30
Posted by guest , Oct 29, 2009 11:35AM
3rd @30