Galleon Fears Raised In 2001 (FT)
An analyst in JPMorgan’s alternative asset management arm said the unit “should reduce our allocation” in Galleon’s flagship technology fund, citing what he described as “more negative news about Raj and his cohorts.”
Bankers Expect Rising Bonus Pay To Break Records (Bloomberg)
And some people don’t seem to be very happy about that: “If we were looking for a sense of Wall Street to be, ‘we’re hit hard, I’m going to make less money,’ these results don’t show it,” said J. Ann Selzer, president of Selzer & Co., the Des Moines, Iowa-based public-opinion research firm that conducted the survey.
FBI Lets Barred Tycoon Oleg Deripaska Visit US (WSJ)
He needed to take some meetings with Goldman and Morgan Stanley.
Rajaratnam Started Side Venture With Ex-McKinsey Chief in 2006 (Bloomberg)
The investment firm would like to downplay the whole matter of the accused criminal’s involvement: Rajaratnam “has no management role in New Silk Route nor any ownership in the firm,” Rupa Ranganathan, a spokeswoman for the firm, said in an e-mail. “Neither New Silk Route nor any of its owners have any investment in Galleon.” Rajaratnam has a stake of “well under” 5 percent in the firm’s fund, she said.
Receiver Sets $1.5 Billion Target For Stanford Investors (AP)
John Little, a lawyer appointed to represent investors, said the recovery goal is ”something of a fantasy” and that investors should prepare to get back as little as 2 cents on the dollar.
Posted by guest , Oct 30, 2009 8:11AM
Alice in Wetmoreland
Posted by guest , Oct 30, 2009 8:13AM
2 cents on the dollar? burn.
-irving picard
Posted by Joe Mac , Oct 30, 2009 8:15AM
Is there still a sucking sound at UBS? Just askin...
Posted by guest , Oct 30, 2009 8:17AM
He looks so constipated in that picture. Quite a task considering the number of curries the guy downs.
Can you get curries in FPMITAP? Just askin'
Posted by guest , Oct 30, 2009 8:21AM
love this guy's style.
-tucker carlson
Posted by guest , Oct 30, 2009 8:29AM
4- I'd actually say the opposite. He looks like he's prairie doggin
Posted by guest , Oct 30, 2009 8:30AM
That bowtie is the linchpin to the outfit - remove the tie and the whole tuxedo falls off.
Posted by guest , Oct 30, 2009 8:48AM
Bess can we get a photoshopped, 'Tamil Tiger' camo striped tuxedo?
Something like http://i.thisislondon.co.uk/i/pix/2008/04/tamilsES2204_415x275.jpg
Posted by guest , Oct 30, 2009 8:50AM
http://www.javno.com/slike/slike_3/r1/g2009/m05/y203532946805242.jpg
Posted by guest , Oct 30, 2009 9:03AM
Worst PR year ever for Goldman.
Posted by guest , Oct 30, 2009 9:07AM
10-like they give a sh*t
Posted by merkin capital partners , Oct 30, 2009 9:25AM
is something wrong with the comments? What's this approval nonsense?
Posted by guest , Oct 30, 2009 9:26AM
The gauntlet was thrown down, Lloyd picked it up, smashed you in the face, turned, bent over, and with his gold scrot gleaming regally, farted in your general direction.
Posted by guest , Oct 30, 2009 9:28AM
merkin: I run into that occasionally. Not exactly sure what triggers it. Words/URL's
quite annoying.
Posted by NakedShort , Oct 30, 2009 9:30AM
@merkin, 14
I get that from time to time. I wish they would add "virgin sturgeons" to the comment review filters.
Posted by guest , Oct 30, 2009 9:32AM
@naked
agreed
Posted by merkin capital partners , Oct 30, 2009 9:39AM
Would keywords trigger it? Say for example, obama/hinckley/jodie foster?
Posted by guest , Oct 30, 2009 9:40AM
@15-16
As a Dennis Kneale fanboy I completely agree.
Uh oh! Dow down forty, better get back over to Yahoo! finance to check my tickers and see what my discussion group is saying.
Posted by Seaman Bodine II , Oct 30, 2009 9:44AM
does
"guns for allah"
trigger it?
Posted by NakedShort , Oct 30, 2009 9:44AM
@17 that might do it. I tried to post my Halloween costume a few weeks ago. Its a giant foam hand giving the shocker with a face hole in the middle of the palm.
Posted by guest , Oct 30, 2009 9:49AM
we knew everything in 2001, madoff, Obama, housing crisis, EVERYTHING!!
-JPM ANALyst
Posted by guest , Oct 30, 2009 9:56AM
@21 well we did, bitch.
-JD
Posted by guest , Oct 30, 2009 9:57AM
Virgin Sturgeons.
Posted by guest , Oct 30, 2009 9:59AM
Is that a picture of the rescued manatee? He looks really happy to be rescued.
Posted by guest , Oct 30, 2009 10:10AM
My work IP has been blocked since early this week. My comment was inoffensive (maybe too lame?) so not sure what's up (it's a shared VPN so maybe somebody else triggered it). I haven't had Dealbreaker first-level IT (Bess)look at it again since then because she's on such a roll this week but maybe she can take a mallet to the server over the weekend and shake out the blockage.
Posted by guest , Oct 30, 2009 11:09AM
I really could have done without seeing a picture of that shitheel this morning.
Posted by guest , Oct 30, 2009 11:44AM
"Rajaratnam “has no management role in New Silk Route nor any ownership in the firm,” Rupa Ranganathan, a spokeswoman for the firm, said in an e-mail."
Actually, Raj Raj , Parag Saxena and Rajat Gupta (former head honcho at Mckinsey) are all listed as executive officers in SEC filings for New Silk Route Partners.
Furthermore the address listed in the filings for New Silk Route's office in Westport, CT is the home address of Rajat Gupta.
Below are the links to the two filings:
http://www.sec.gov/Archives/edgar/vprr/08/9999999997-08-044642
and
http://www.sec.gov/Archives/edgar/vprr/08/9999999997-08-044641
Maybe someone should ask Rupa Ranganathan about these SEC filings.
Posted by guest , Oct 30, 2009 2:34PM
From the WSJ article...
------------------------------
Deripaska's Empire
Companies he controls account for nearly 2% of Russia's GDP. Some of his main holdings (stakes in each vary):
Rusal (world's largest aluminum producer)GAZ (cars and trucks)VPK (armored military vehicles)Aviakor (aircraft)Ingosstrakh (insurance)Continental Management (pulp and paper)Glavstroi (construction)Source: WSJ research
-----------------------------
If anyone cares to check on this Oleg Douchepaska tycoon character, you will find that as the soviet empire crumbled in 1989, he was a minor but active low-life criminal with ties to some communist party operatives.
Oleg did have some cash and some influence though, enough to buy all those state-owned assets for literally next-to-nothing, but enough to give those exiting commissars a measure of personal wealth as the government disapeared, and as their jobs and influence vanished.
TGFD has talked about this before, but this criminal continues to be a financial celebrity who is held in high regard by own FBI.
The Guy from Delaware