Merrill’s Ex-Chief Is Back, Atop CIT (WSJ)
Thain will be paid a $500,000 salary and receive restricted shares that, if available for sale today, would have a value of $5.5 million. No word on a discretionary fund for redecorating purposes.
A Park Avenue Battle (NYP)
Hedge fund manager Ross Haberman is suing his building’s board, arguing that he shouldn’t have the rent raised on his $380/month duplex at 737 Park.
Ex-Fed chairman Alan Greenspan says he’s ‘very concerned’ over fall in stock markets (Telegraph)
He told NBC’s ‘Meet the Press’ over the weekend that “it’s important to remember that equity values, stock prices, are not just paper profits. They actually have a profoundly important impact on economic activity.”
Testy Conflict With Goldman Helped Push A.I.G. to Edge (NYT)
Lucas van Praag: “We requested the collateral we were entitled to under the terms of our agreements,” he said in a written statement, “and the idea that A.I.G. collapsed because of our marks is ridiculous.”
Geithner Defends US Bond Rating (WSJ)
TG on Sunday said the U.S. wasn’t in danger of losing its triple-A bond rating, in the wake of a warning from Moody’s Investors Services about U.S. treasury-bond rating. “Absolutely not,” Mr. Geithner said in an interview with ABC News’s “This Week” when asked about the prospect of the U.S. losing its top rating. “That will never happen to this country.”
World’s Tallest Tower Lookout Suddenly Shut Down (AP)
The Dubai skyscraper’s owner Emaar Properties blamed the closure on “unexpected high traffic,” but then added in a brief statement to The Associated Press Monday that “technical issues with the power supply” were being addressed.
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“$380/month duplex at 737 Park.”
damn.
viva la commode!
@1 welcome to the wonderful world of rent control.
@3 fail. Nothing to do with the story.
Bigger win: Saints winning the super bowl or the CIT winning the singlet?
From the unpublished comments of Lucas Von Prigg:
“We requested the collateral we were entitled to under the terms of our agreements,” he said in a written statement, “and the idea that A.I.G. collapsed because of our marks is enough to make a Bishop kick out a stained glass window.”
I am in full control of my manhood today.
From the unpublished “Cajun” comments of Lucas Von Prigg:
“Who ‘dat say we killed AIG, who ‘dat?”
It’s ‘Kick a hole in a stained glass window.’
~RC
Where’s the “UBS Sucks” poster? Has he given up finally?
I kinda missed his persistence.
AAA is easy. I have CDO^5s of 2099 that are AAA. I wonder if The Thug will weigh in on this, and whether one of his fav topics, the “issuer pays” model, is responsible for the AAA on treasuries…
Raymond @9 is correct. We do admire the effort.
~Dashiell Hammett
We actually helped AIG, if you look at it through rose colored stained glass.
- LB
If John Tahin isn’t a goddamned s h i t h e e l, then I don’t know what one is.
I want to have Tim Tebow’s abortion in my fancy commode.
-John Thain
They shutdown the lookout tower of the tallest building?
I think they just want attention.They just want a visit from Erin Burnett again.
I am too busy doing god’s work. I mostly read db on the train home these days. Apologies for my tardiness.
UBS Sucks – In case you didn’t know.
I am too busy doing god’s work. I mostly read db on the train home these days. Apologies for my tardiness.
UBS Sucks – In case you didn’t know.
@ 17
Seconded.
Now that Dubai discovered off shore oil, Erin Burnett would probably visit Dubai.Besides,it’s been a while the last time we saw her horseback riding with the Prince.
UBS Sucks Guy
Good to see you’re still with us.
:)