• 23 Dec 2009 at 8:30 AM

Opening Bell: 12.23.09

By Dealbreaker

Citigroup Denies Theft Report (WSJ)
Citigroup Inc. denied a report in the Journal that federal authorities are investigating the theft of tens of millions of dollars from customer accounts by hackers, and sought to reassure clients that their funds are safe.
Geithner: There Will Be No ‘Second Wave’ Crisis (AP)
”We are not going to have a second wave of financial crisis,” Geithner said in an interview with National Public Radio. ”We cannot afford to let the country live again with a risk that we are going to have another series of events like we had last year. That is not something that is acceptable.”
Tiger Gets Timeout (NYP)
Sadness: Golf Digest has suspended TDubs’ monthly instructional golf articles while Woods is on leave to deal with his “issues.”
Galleon Defendants Criticize Timing of Cases (WSJ)
Defense attorneys for Galleon Group’s Raj Rajaratnam and Danielle Chiesi, a former hedge-fund consultant at New Castle Partners, asked a federal judge Tuesday to deny the government’s request to conduct a criminal trial before the parallel case brought by the Securities and Exchange Commission.

Ex-HSBC Banker Gets 20 Months Prison for Taking Bribe (Bloomberg)
Was that wrong? Should he not have done that?

Comments (9)

  1. 1
    Posted by guest | December 23, 2009 at 4:47 AM

    One, two, three and to the fo'
    Raj Doggy Dogg and Dr. Chiesi is at the do'
    Ready to make an entrance, so back on up
    ('Cause you know about to rip shit up)
    Gimme the microphone first, so I can bust like a bubble
    Sri Lanka and Ugly factory together, now you know you in trouble
    Ain't nuthin' but a "G" thang, baaaaabay!
    Two loc'ed out niggas so we're craaaaazay!
    Insider tradin' is the label that paaaaays me!

  2. 2
    Posted by guest | December 23, 2009 at 4:48 AM

    I wanna pee in yo' food

  3. 3
    Posted by guest | December 23, 2009 at 4:49 AM

    Was Brittney Murphy related to Charlie Murphy, and therefore related to Rick James, bitch?

  4. 4
    Posted by guest | December 23, 2009 at 5:14 AM

    seriously- what is the life expectancy of Citi? They can't even perform the most basic function of a retail bank, protecting your money from thieves?

  5. 5
    Posted by Motive Examiner | December 23, 2009 at 5:17 AM

    Shut down now! If Yahoo can do it, why not DB?
    #1 is the MoFo King of '09!

  6. 6
    Posted by guest | December 23, 2009 at 5:17 AM

    @4 Really? I thought the most basic function of a retail bank was 3-6-3

  7. 7
    Posted by guest | December 23, 2009 at 5:36 AM

    Geithner is drinking too much egg nog. There will be another financial crisis because of high unemployement and slow economic growth, the ballooning federal debut, and other reasons. Actually we're not out of the current one yet, no matter how the Obamaites crow. It's more like we're in the relatively calm eye of a tampoon, er, typhoon.

  8. 8
    Posted by guest | December 23, 2009 at 5:49 AM

    @7 Exactly! And since these clown banks are still "Too Big Too Fail" they are implicitly backed by the federal government. This has become more EXPLICIT over the last year. Guaranteed we have another meltdown. Given the commercial debt Tsunami that is starting to break on the financial shores, I'd get ready to hold my breath if I were Timmy!!!!

  9. 9
    Posted by guest | December 23, 2009 at 6:09 AM

    @6 = racist and obese

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