Goldman Looks To Buy Fannie Tax Credits (WSJ)
Not so fast says Fannie’s keeper: “A sale would bring some needed financial respite to Fannie Mae. But the administration is leery about approving a deal that would help Goldman reduce its tax bill, given the animus held by many lawmakers toward big Wall Street firms in general and Goldman in particular. The Obama administration is looking at the deal with a critical eye and could block it. Goldman, meanwhile, is hopeful it could win approval this week.”
Pandit ‘Near Death’ Cash Hoard Signals Lower U.S. Bank Profits (Bloomberg)
Citigroup has almost doubled its cash to $244.2 billion in the year since Lehman Brothers Holdings Inc. filed for bankruptcy, the biggest such stockpile of any U.S. bank.
Delaware Beats Switzerland As Most Secretive Financial Center (Reuters)
“While the U.S. has been jumping up and down and saying ‘Aha, bad, wicked Swiss banks,’ the U.S. is doing exactly the same things as far as non-resident bank account holders,” said Sarah Lewis, executive director of Tax Justice Network, based in the U.K.
Can Citigroup Carry Its Own Weight? (NYT)
Vikram Pandit says yes. And more of this talk: “Our distinctiveness is we connect the world better than anyone else,” he said, noting Citigroup’s global reach. “We have a great capability of building a business around that. And we are in the process of building a culture around that.”
Tyrus Fund Raises More Than $800 Million (FT)
Former Deephaven manager Tony Chedraoui’s shop launches today with more initial money raised than the expected $500 million (and is predicted to pick up another $300 million this month, ending the year with $1.4bn under management).
Former Fund Exec Charged With Insider Trades (DB)
Ronald Yee, who had been ValueAct Capital’s chief financial officer until June 2008, was named in a civil suit filed by the Securities and Exchange Commission, against seven people charged with trading on inside information in Acxiom.
RBS To Consider Further Asset Sales (FT)
Anything to get the Queen off their ass.
Comments (27)
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I’d like to cut Vik’s air lines with a box cutter. At least he won’t suffer.
Please let’s have a moment of silence for Greg and UBS.
@1 you’re disturbed.
And I hear that Delaware has better beaches than Switzerland
@1
Cuckoo cuckoo.
So a serious question: Is Greg really out? Its a monday morning, not all things are registering properly yet :)
Vikram Pandit is a shitheel.
@1 is a fucking idiot.
hope the replacement doesn’t write a smug biography of himself as a prelude. i think that’s where it went all wrong for greg.
I’m going to spend the day clicking on DB ads to indirectly compensate you for firing Greg.
-Jeff Macke
Greg needed take time out to offer support to his brother, Brett, since Agassi came clean about his wig.
Hmm…
“Shitheel”. TGFD likes it. Whoever came up with that one should be considered one of the great thinkers of our age.
Why doesn’t one of you “shitheels” who have been beating Greg down for so long stand up now, and test your own creative-writing skills? Let’s see if you’re good enough to write a few guest columns for DB. Let’s see if you’re tough enough to take the punishment. The position appears to be open.
The Guy from Delaware
Anything to get the Queen off their ass
Also applicable to Citigroup vs. Mr. Fwank in the matter of Phibro’s firesale.
Dare we hope that Treasury allows GS to buy the tax credits? The ensuing Congressional Hearings could be the most entertaining television since Hee Haw was canceled.
I knew dat guy was headed for bigger things. He’s a friend o’ mine.
I hope it wasn’t my comment about his dad.
That douche.
Love,
Mom
I’m going to miss Jeff Macke
@6
Anyone care to bet the over under on comments regarding this over the next few weeks?
In death, a DB editor has a name. His name is Greg Michaels.
RIP son. I can honestly say I will miss many of the Greg jokes, and while you may not have achieved your true potential, there were flickers of success and brief moments of mediocrity.
You douche, nay…our douche.
Carry on my wayward son.
What are all of these idiotic Greg michaels posts? Did he get fired or something? If so who gives a crap, none of you idiots know him personally
I agree with TGFD
@19 – Welcome to the hall of fame of being an asshole.
Greg is now my newest virgin sturgeon and I am pounding him now as I write this.
Happy Monday everyone!
Dennis Kneale
TGFD – your eyes are brown.
@11
Amen, baby, Amen!
Those fucking shitheels with all their tripe following Greg’s posts……..
What a herd of asshats.
adios, anus.
@21
Greg may be gone, but that joke still falls flat every time. Let it rest.
@25 I wouldn’t even tag @21′s bullsit with the word ‘joke’
He’s just a retard with OCD.
@25=racist