• 24 Feb 2010 at 8:30 AM

Opening Bell: 02.24.10

Citi in Talks to Sell Hedge-Fund Business (WSJ)
It’s got about $4 billion in assets– anyone interested? Otherwise SkyBridge Capital is just gonna take it.
Pangalos: Italy Masked Finances Worse Than Greece (Reuters)
Greek Deputy Prime Minister Theodoros Pangalos criticised Germany’s attitude towards the Greek crisis, saying Athens had never received compensation for the economic impact of the Nazi occupation during World War II. “They took away the Greek gold that was at the Bank of Greece, they took away the Greek money and they never gave it back. This is an issue that has to be faced sometime in the future,” he said.”I don’t say they have to give back the money necessarily but they have at least to say ‘thanks’,” he said. “And they shouldn’t complain so much about stealing and not being very specific about economic dealings.”
HSBC Said to Scrap Plans for CEO Pay Rise After Investors Balk (Bloomberg)
Sad trombones for Michael Geoghegan.
Daring to Think ‘Private Jet’ Again (NYT)
Breathe a huge sigh of relief: “Gingerly, some business travelers are venturing back into private aircraft after the battered economy — and a public outcry against that perk of fat cats, the corporate jet — walloped the general aviation industry starting in 2008.”
Round Two: Bernanke Faces More Grilling From Congress (CNBC)
Oh, and apparently this time they might get a little nasty with him, not with any real substance behind the digs, but just for show, which has never happened before in any of these hearings.
Steve Wynn to take Foxwoods helm (Philly)
Steve Wynn announced yesterday that he is stepping in as the managing general partner of the Foxwoods casino project planned for Columbus Boulevard at Reed Street.

Comments (35)

  1. Posted by guest | February 24, 2010 at 8:45 AM

    Don’t say thank you, ya hyenas.
    -Pangalos

  2. Posted by guest | February 24, 2010 at 8:45 AM

    is Pangalos insane in the membrane?

  3. Posted by guest | February 24, 2010 at 9:05 AM

    Has Handbridge considered the Citi deal?

  4. Posted by guest | February 24, 2010 at 9:10 AM

    I would have never known how wonderful it is to fly a private jet if I hadn’t tried it out. That’s what I want you to do.
    If it’s for you, then wonderful. I’ve saved you some hassle, and you’ll find that you have more time to work on your business or relax. And if taking a private jet, is not your thing. Well, that’s OK.

  5. Posted by american bandersnatch | February 24, 2010 at 9:10 AM

    Pangalos: Don’t mention the war

  6. Posted by CoveredLong | February 24, 2010 at 9:27 AM

    Sweet, another casino on the east coast that’s not in AC…what’s that…oh, it’s in philly…yeaaaaaa, about that.
    -Guy who thinks you’d have to be blind to invest in a casino in philly.

  7. Posted by guest | February 24, 2010 at 9:38 AM

    Sorry, I am not included. Wellll, I guess that is negotiable.
    -Vik

  8. Posted by guest | February 24, 2010 at 9:56 AM

    and more kindergarten cutting and pasting.
    Boycott this site – it sucks a**.
    Can’t wait to hear all the homophobic comments, which if Bess had any chutzpah she would delete.

  9. Posted by Jimmy Cagney | February 24, 2010 at 9:57 AM

    @5 Yeah, I think it mentioned it once and got away with it.

  10. Posted by guest | February 24, 2010 at 9:58 AM

    @ 4 thank you

  11. Posted by guest | February 24, 2010 at 10:02 AM

    @8 i thought you were boycotting this site? not reading every single post and commenting on it?

  12. Posted by Lowly Assistant | February 24, 2010 at 10:02 AM

    8/Bumpy Knuckles,
    “Roasted marrow bones, pig’s trotter, Black Label burger or New York strip, chocolate soufflé.”
    Which do you recommend?

  13. Posted by guest | February 24, 2010 at 10:07 AM

    Greece wouldn’t be in such terrible financial shape if they knew how to play the stock market.
    -Shia LaBuffett

  14. Posted by CoveredLong | February 24, 2010 at 10:08 AM

    @8 – You are a homo and I’m scared of you…Bess, delete me if you have chutzpah (any at all).
    …and it requires at least 2nd grade skills to accomplish what Bess has, so there’s that.
    http://www.mcsdk12.org/curr/InstructionalTechnologySpecialistCertificate/All%20Computer%20Skills%20Checklist.doc

  15. Posted by NakedShort | February 24, 2010 at 10:10 AM

    Shia LaBeefdrapes?

  16. Posted by guest | February 24, 2010 at 10:10 AM

    Ron Paul needs to shut the fuck up

  17. Posted by guest | February 24, 2010 at 10:13 AM

    @13 “labuffett”
    I laughed.

  18. Posted by guest | February 24, 2010 at 10:20 AM

    6- are you suggesting that AC is a beautiful place?

  19. Posted by guest | February 24, 2010 at 10:23 AM

    SkyBridge. Imagine that rack.

  20. Posted by guest | February 24, 2010 at 10:27 AM

    @8 is such a Barney
    -Barney

  21. Posted by NotNasser | February 24, 2010 at 10:41 AM

    Greek Deputy Prime Minister Theodoros Pangalos.
    Whoa. Am I the only one who at first thought that last name was a reference to Candide’s professor Pangloss???
    Surely any default will prove to be for the best in this best of all possible financial worlds.

  22. Posted by guest | February 24, 2010 at 10:45 AM

    @5 – So, that’s two egg mayonnaise, a prawn Goebbels, a Hermann Goering, and four Colditz salads.

  23. Posted by guest | February 24, 2010 at 10:47 AM

    @8 you are aware that the “Opening Bell” and “Write-off” posts every day consist exclusively of cut&paste + snide one-liners by design? Quit trolling and chill out

  24. Posted by american bandersnatch | February 24, 2010 at 10:48 AM

    @21 – You are not the only one. But the new Pangloss is much funnier / more insane.

  25. Posted by guest | February 24, 2010 at 10:49 AM

    @8 – Your AIDS is itchy again, isn’t it.

  26. Posted by guest | February 24, 2010 at 10:49 AM

    @8 that is not true! Every time that I mention that the puffs will burn in the 7th circle of hell, or that they are the reason for global icing, or I mention asking a fag “why do you hate god so much to piss him off?” … Bess deletes it :(

  27. Posted by guest | February 24, 2010 at 10:50 AM

    @8 – Get tired of trolling manhunt.com?

  28. Posted by guest | February 24, 2010 at 10:59 AM

    Hey 8 ;)

  29. Posted by Anal_yst | February 24, 2010 at 11:04 AM

    @18
    While there’s some gross places in AC (i.e. walk a few blocks away from the boardwalk), the newer/renovated places are actually pretty nice. As to the crowds, well, that’s another story. AC is still a good (and far cheaper) alternative for a weekend of debauchery than Vegas, 2hrs on the ACES train (booze and gamble on your way to booze and gamble!), boom, done.

  30. Posted by guest | February 24, 2010 at 11:13 AM

    @8, is that you Greggums??
    Please be a dear and remember to pick up my prescriptions at Duane Reade after work. And a tube of vaseline. I’ll be home late (cross your fingers!)
    Love,
    greg’s Mom

  31. Posted by guest | February 24, 2010 at 11:29 AM

    While the comment is ill-timed, there is a lot of truth in them. Basically Italy is fucked!

  32. Posted by guest | February 24, 2010 at 11:29 AM

    While the comment is ill-timed, there is a lot of truth in them. Basically Italy is fucked!

  33. Posted by guest | February 24, 2010 at 11:30 AM

    While the comment is ill-timed, there is a lot of truth in them. Basically Italy is fucked!

  34. Posted by guest | February 24, 2010 at 11:30 AM

    While the comment is ill-timed, there is a lot of truth in them. Basically Italy is fucked!

  35. Posted by mrpink | February 24, 2010 at 1:35 PM

    Pangalos really wanted to say this:
    http://www.youtube.com/watch?v=Fy8R-30HlZ0

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