If accused Ponzi schemer Allen Stanford is not released from the big house on bail, it’s very likely that he will go batshit insane, according to a prison psychologist. This is sad for a couple of reasons: 1) it sounds like he really might be losing it and should be let out and 2) no more prison yard brawls for us.
A psychiatrist who examined R. Allen Stanford believes he is in danger of suffering “a complete nervous breakdown” if he is not released from prison on bail and allowed to properly prepare for his scheduled criminal trial, according to court documents.
In documents asking that the jailed businessman be released on bail, attorneys argue Stanford’s deteriorating mental and physical health, combined with the difficulty of seeing his attorneys while at the downtown Houston Federal Detention Center, make it impossible for him to properly prepare for trial.
RIM job: Toying with your fragile emotions this holiday seasonChristmas vacation is starting early. At least it might as well, since your BlackBerries have stopped working.
Oh, they fixed it? False alarm. Get back to work. E-Mail Delays Again Plague BlackBerry Users [AP via NYT]
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?
This Robert Benmosche is a pretty sharp guy. He thinks that an insurance company should insure things, even if that means that Tim Geithner & Co. are going to have to wait longer for their money.
AIG has put the kibosh on plans to rid itself of Chartis, its property and casualty unit, which it has spent the last eight months preparing for sale. It even renamed it for the purpose, to get rid of that awful Hank Greenberg smell.
It turns out tiny Middle Eastern emirates don’t need two stock exchanges. Especially when the second can only muster three listing. And even more so when that tiny emirate has very little to offer except creatively-shaped artificial islands with default notices looming.
Nasdaq Dubai is set to be bought by the Dubai Financial Market for $102 million and a 1% stake in itself. Which means that the good people at Nasdaq OMX get to experience what everyone else who invested in Dubai experienced: a 70% write-down.
If we have to deal with a) airport delays and b) knowing looks from people who think it has something to do with those times we banged some hooks.
“Yesterday evening suffered a 6 hour delay waiting for JetBlue … But Christmas came early with a Spitzer sighting at the gate… An unshaven Spitzer was cruising around gates A20-A24 conservatively dressed in blazer, khakis with the appropriate accessories… Wife and Kids! Perhaps purgatory for Elliot is a Continental flight at EWR?
Yes, EWR…”
Maybe! And it wouldn’t be the first time Lloyd and Co. tried to break morale via unconscionable snack and beverage conditions.
According to a mole, Goldman apparently stocks the cheapest, worst generic coffee imaginable in its staff kitchens – despite protests from the caffeine-deficient. “It’s beyond horrible,” explained our source. “You work a lot of hours so you have to go down to the cafeteria and spend money on Starbucks or Dunkin’ Donuts.”
Signing books in front of Times headquarters until early Christmas morning.Turns out the banks have found a way to make escaping TARP profitable both for themselves and their bonus-receiving employees. Whoever would have guessed?
None but the intrepid Andrew Ross Sorkin, out to prove that he’s no tool of the Wall Street CEOs who love him so.
Here’s what the post-bailout bonanza means for all the banks that helped find investors for the new shares: Bank of America’s $19.3 billion offering generated $482 million in fees; Citigroup’s $17 billion offering resulted in $425 million in fees; and Wells Fargo’s $12.2 billion offering led to $275.6 million in fees. (The banks paid themselves roughly 2.5 percent of the offering price.)…
Those fees are likely to factor into the bonuses for the investment bankers involved.
“Looking forward to retirement, Gordon?”So, the economic recovery is still a little slow in materializing. U.S. GDP grew by only 2.2% in the third quarter, less than the 2.8% the experts and Commerce Dept. predicted. Fear not.
“We are really starting to see the mechanisms for a sustained recovery come into place,” said Robert Dye, a senior economist at PNC Financial Services Group in Pittsburgh. “We are starting to see investment numbers come back.”
We’ll have to take your word for it. On the bright side, at least our economy is growing (after shrinking for a solid year), and corporate profits grew by even more than we expected. The same cannot be said for our Anglophone brethren on the other side of the Atlantic, which remains the last recessing economy in the universe.
So….this is a clip from an episode of the now defunct English version of the talk show “Cristina,” called “He Acts Like Her Husband, Too,” shot in 1992. The show had on a bunch of couples to discuss marital problems arising from the husbands’ inabilities to “break free” of their ex-wives. One of these couples was Steve and Alex Cohen, talking about this lady. The Post, as evidenced by the headline, “Slept With Both Spouses While Divorcing,” seems to believe the biggest shocker here is that SC supposedly cheated (on the second with the first? First with the second?). But maybe it’s actually that this tape was ever made? And also that the clip didn’t include more reaction shots of the audience getting riled up. (Lastly, let’s just say it– he looks good and you know it. Somewhere out there today there’s a very turned on former analyst thinking whistfully about the time he wasted chasing stupid girls.)
If accused Ponzi schemer Allen Stanford is not released from the big house on bail, it’s very likely that he will go batshit insane, according to a prison psychologist. This is sad for a couple of reasons: 1) it sounds like he really might be losing it and should be let out and 2) no more prison yard brawls for us.
