• 12 Jan 2010 at 8:30 AM

Opening Bell: 01.12.10

dannypang.jpgDanny Pang’s Death Ruled A Suicide (WSJ)
The cause of Mr. Pang’s death was “combined intoxication” from seven drugs found in his system, according to a written report from the Orange County Sheriff-Coroner. The drugs included oxycodone, hydrocodone and two other painkillers, along with drugs generally used to treat depression and anxiety. The active ingredient in marijuana, known as THC, also was found in his system.
SEC order helps maintain AIG bailout mystery (Reuters)
You’ll get the info eventually, of course. In 2018.
Soros, Citadel Hire Hedge-Fund Analysts From Galleon (Bloomberg)
Eric Wasserstrom and Rajeev Patel will analyze the financial-services industry for Jorge; Charles Benziger was hired as a consumer-industry analyst at Ken’s Kingdom.
Federal Reserve earned $45 billion in 2009 (Washington Post)
Ben Bernanke still keeping it real with the Jos A Bank suits.
Calif. Fund Manager Sentenced in Fraud Scheme (AP)
Bradley Ruderman was sentenced Monday in a Los Angeles federal courtroom and was ordered to pay $27.5 million in restitution. He pleaded guilty in August to two counts of wire fraud, two counts of investment-adviser fraud and a misdemeanor count of failing to file income taxes in 2007.



Hedge Fund Lender Reaps Returns on Fallen Companies Banks Shun
(Bloomberg)
“Ski racing is exciting,” Michael Tennenbaum, the founder of Santa Monica, California-based Tennenbaum Capital Partners LLC says. “But there’s nothing more stimulating than investing.”

BofA to Limit Curl’s Duties
(WSJ)
Curl, a confidant of former chief executives Kenneth D. Lewis and Hugh L. McColl Jr., is expected to lose the chief risk officer post he has held since mid-2009 as new CEO Brian Moynihan installs his own circle of close lieutenants, these people said. Mr. Curl’s new duties likely would include managing certain relationships, but people close to him said he probably will leave Bank of America after an unspecified period of time.

Comments (23)

  1. Posted by guest | January 12, 2010 at 4:51 AM

    bernanke made it rain

  2. Posted by BB | January 12, 2010 at 4:52 AM

    What are 5th-year Fed Chair numbers?

  3. Posted by guest | January 12, 2010 at 5:01 AM

    @2. 3 extra JoS. A. Bank suits.

  4. Posted by guest | January 12, 2010 at 5:16 AM

    “But there’s nothing more stimulating than investing.”
    I beg to differ.
    -Jeff Gundlach

  5. Posted by guest | January 12, 2010 at 5:21 AM

    O/T but I think this will be the last time I'm visiting clusterf*ck…officially worse slideshow they've ever done on wall street dating habits. ten click thrus to tell us basically every bank has no official policy on dating, and the people who do date colleagues keep it quiet.
    http://www.businessinsider.com/the-dating-policie...

  6. Posted by guest | January 12, 2010 at 5:23 AM

    @5 did you really expect better from them?

  7. Posted by guest | January 12, 2010 at 5:25 AM

    @4 nice

  8. Posted by guest | January 12, 2010 at 5:35 AM

    @5 and 6,
    I know Bess Levin, Bess Levin is a friend of mine. Courtney Comstock, you're no Bess Levin.
    ~Lloyd Bentsen

  9. Posted by guest | January 12, 2010 at 5:36 AM

    8- yeah but her name is more porno-ish

  10. Posted by guest | January 12, 2010 at 5:41 AM

    @9 rip d-pang master.

  11. Posted by guest | January 12, 2010 at 6:14 AM

    First to say that Brian Williams is a pussy.

  12. Posted by guest | January 12, 2010 at 6:22 AM

    Soros is an asshole

  13. Posted by guest | January 12, 2010 at 6:22 AM

    I don't know, with each passing day, I am beginning to associate Bess Levin and porn more and more. Her brevity of knowledge of the industry is commendable.
    The Hedgehog

  14. Posted by guest | January 12, 2010 at 6:27 AM

    B of A is going to limit Curling?? Outrageous!!!
    ~Bank of Montreal Curling Enthusiasts

  15. Posted by guest | January 12, 2010 at 6:37 AM

    @11 the NBC news fag?

  16. Posted by guest | January 12, 2010 at 6:39 AM

    @15 that was really gratuitous. examine your motives

  17. Posted by guest | January 12, 2010 at 6:42 AM

    RBS Sucks

  18. Posted by guest | January 12, 2010 at 6:46 AM

    @16 well then you sucking my dick has to be over the top! Examine my balls.
    You fluffing BW during his nightly liberal news cast?
    15

  19. Posted by guest | January 12, 2010 at 6:47 AM

    Brian Williams just said what many of us were thinking about the lying cheating player-bastards who take an American treasure like the game of baseball and shit on it by cheating just for fame. How's that working for you, Mark?

  20. Posted by guest | January 12, 2010 at 7:03 AM

    Yes, the NBC news fag. He is a pussy. I want to fight him as soon as humanly possible.
    Big Baby Jesus

  21. Posted by guest | January 12, 2010 at 7:15 AM

    @19. No one cares, dumb shit.

  22. Posted by guest | January 12, 2010 at 7:36 AM

    @13, WTF is "brevity of knowledge"? In your unending quest to S Bess' D, you projected your brevity of knowledge onto her. Douche.

  23. Posted by guest | January 12, 2010 at 8:05 AM

    @20 well i totally agree he is a fag and a putz and NBC sucks more dick then Barbie Frank. To be honest since i refuse to watch Williams I have no idea what he said. i just think he sucks.
    -15

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