December 2009

  • News

    Neel Kashkari Undermines Lloyd Blankfein

    Apparently Neel Kashkari was not read in on the God at Goldman storyline. “That’s the thing,” Kashkari blurts across the table. “I started praying when I came to Treasury. At Goldman, I didn’t pray. Not once. ‘Cause I just didn’t care. At Treasury, there were so many times.” Earlier: Neel Kashkari Has A Message For […]

    / Dec 7, 2009 at 10:32 AM
  • News

    Mountain Man Neel Kashkari Has Almost Lost All The Weight He Gained At The Treasury

    As previously mentioned, Neel Kashkari has been living in the woods since leaving the Treasury. Up in his secluded mountain cabin in California, Kashkari has been undergoing a four-step program of his own design called “Washington detox.” It involves building a shed, chopping wood, helping Hank Paulson with his book and losing 20 pounds. You […]

    / Dec 7, 2009 at 10:00 AM
  • Opening Bell

    Opening Bell: 12.07.09

    Treasury Said to Link Citigroup Sale to TARP Payback (Bloomberg) “This should be well thought-out for the benefit of all constituencies, and in this case that includes shareholders, the government and the taxpayers,” said Dennis Santiago. “Just because Bank of America goes doesn’t mean you have to rush Citigroup.” Hedge funds alarmed at regulatory probes […]

    / Dec 7, 2009 at 8:00 AM
  • News

    Write-Offs: 12.04.09

    $$$ Goldman Sachs Will Pay For Ruining Ice Skating, Hot Chocolate, Christmas [Daily Intel] $$$ Dick Fuld may be behind on his property taxes. [TDB] $$$ Is Charlie Rangel a Closet NASCAR Fan? [GC] $$$ ‘Gropenhagen‘: Free Sex Coupons Available at Climate Summit [cnbc] $$$ Cocaine-stuffed chicken smuggled into US by Guatemalan man [BB]

    / Dec 4, 2009 at 5:00 PM
  • News

    U.K. Says It Was Ready To Pour Taxpayer Money Into Banks Before It Was Needed

    The British government is getting a much-needed from the country’s National Audit Office. It’s pissed off anyway. The NAO concludes that “the Treasury was justified in using taxpayers’ money” and that “it is difficult to imagine the scale of the consequences for the economy and society if major banks have been allowed to collapse.” But […]

    / Dec 4, 2009 at 4:40 PM
  • News

    Tim Geithner Would Like To Like To Remind Wall Street’s Banks Of A Little Something, But Particularly Goldman Sachs

    And that something is simply this: YOU COULD’VE DIED LAST YEAR, AND YOU WOULD’VE IF IT WEREN’T FOR TG. He could’ve left you to die in fire, or on the side of the road, like dogs. The only reason you’re here today is because he’s a mensch. Got it? Got it real good? Now commit […]

    / Dec 4, 2009 at 3:57 PM
  • News

    I Always Get Those Two Fields Confused, Too

    Tragically unavailable in Japanese translationSo what do you do when one of your traders mistakenly sells ¥372 billion in shares for ¥1? Sue the stock exchange! A court has ordered the Tokyo Stock Exchange to pay Mizuho Securities more than ¥10 billion because a technical glitch prevented Mizuho from cancelling the disastrous sale. Apparently, in […]

    / Dec 4, 2009 at 3:35 PM
  • MBAs, News

    CFA Takers: Good Luck To All

    From a candidate: How about a shout-out for those of us who are sleep deprived and freaking out about tomorrow? something to cheer us up and forget that we paid over $1k for this test that (according to all estimates) most of us will probably fail. Something special, because we need it. Give us hope, […]

    / Dec 4, 2009 at 3:10 PM
  • News

    ‘Why Would We Even Consider A Woman?’

    Them, too.They may not be as “cute” or “sexy” as Andy T. in a schoolgirl outfit but the three-year-old letter from Tong’s lawyer to SAC Capital has couple of other fun tidbits. First, of course, there’s the market-manipulation stuff. Reuters has that covered (click and scroll down), so we’ll move on to the character assassination. […]

    / Dec 4, 2009 at 2:35 PM
  • News

    Ping Jiang: Stickler For The BJ Rules

    So I just got back from the courthouse and I brought with me Andrew Tong’s psychiatric evaluation, which goes into a little more detail than the filing posted earlier. For instance, what was the object inserted in Tong’s ass by Jiang? Whiteboard marker. What else was Jiang doing to him at the time? Choking him. […]

    / Dec 4, 2009 at 1:54 PM
  • News

    Dear Team Tepper

    Performance for David Tepper’s Appaloosa Management (excuse the watermark. The dear friend who sent it had to remove the original one so as not to incriminate himself and replaced it with something else):

    / Dec 4, 2009 at 12:42 PM
  • News

    Jobs Data Makes Everything Look, Smell, Taste Better (Even Ping’s Effluence)

    Here at Dealbreaker, we considered going all-SAC, all-the-time today. There’s nothing we like better than to dissect, parse and analyze salacious and possibly totally unfounded allegations, even at the risk of making the Big Guy mad. But there’s other stuff going on, boring though it might be. Jobs figures, for instance, which always seem to […]

    / Dec 4, 2009 at 12:09 PM
  • News

    A Warning For SAC’s New Singapore Team

    That (alleged) Ping Jiang stuff will not fly in the city-state. SAC Capital grows in Asia with Singapore office [Reuters]

    / Dec 4, 2009 at 10:29 AM
  • News

    Blow Jobs For Trade Approval, Sodomy And Golden Showers At SAC Capital

    It feels like it’s been forever (real time: two years) since the SAC Capital female hormone case, doesn’t it? For those of you who shamefully forget, back in the fall of 2007, a former employee of the hedge fund, Andrew Tong, alleged that his boss, portfolio manager Ping Jiang, had forced him to take female […]

    / Dec 4, 2009 at 9:30 AM
  • News

    Sucking Up, Making Good: A Primer From Bank Of America

    When you owe the government so much money that they are basically calling the shots, it’s not a good idea to be on their bad side. Hell may have furies worse than Tim Geithner scorned, but the little guy’s ankle-biting was bad enough for Ken Lewis & Co. So the august wise men of Charlotte […]

    / Dec 4, 2009 at 9:12 AM
  • Opening Bell

    Opening Bell: 12.04.09

    Goldman bonuses to be in shares amid effort to quell public anger (FT) They’re mulling over the idea but if any haters like it, please speak up: “Senior executives including Mr Blankfein could be awarded all their annual bonus in company stock, people familiar with the bank’s thinking said. Many of its 31,700 staff may […]

    / Dec 4, 2009 at 8:00 AM
  • News

    Write-Offs: 12.03.09

    $$$ Sandy Weill thinks Tim Geithner needs a massage [NYM] $$$ How To Catch High-Flyers [FT] $$$ Tiger’s New Sponsors [CNBC] $$$ Bernie Sanders is not threatening the Federal Reserve’s ‘independence’ [WaPo]

    / Dec 3, 2009 at 6:08 PM
  • News

    Wells Fargo Will Repay Asinine TARP Money One Day

    Wells Fargo doesn’t much care what the government thinks. It heard about Bank of America paying its TARP money back, all $45 billion. But John Stumpf, Dick Kovacevich & Co. don’t much care about that, either. They’ll pay their TARP money back whenever they goddamn well please. They didn’t want it in the first place, […]

    / Dec 3, 2009 at 5:12 PM

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