Merkel Urges Regulation as Greece Takes Plea to U.S. (Bloomberg)
Merkel, speaking to reporters in Luxembourg today before Greek Prime Minister George Papandreou meets President Barack Obama in Washington, said the European Union must take the lead in curbing the “very speculative elements” of derivatives trading, going beyond previous Group of 20 nations agreements. The U.S. must also be on board, she said.
Carlyle Said to Hire Ex-Morgan Stanley Trading Chief Petrick (BW)
Mitch Petrick will head the company’s distressed debt and leveraged finance business.
Colony Capital To Take Over Leibovitz’s Loans (FT)
Under terms of their arrangement, Colony will become Ms Leibovitz’s sole creditor and help her market a library of photographs that includes such images as her Vanity Fair magazine cover of a naked, pregnant Demi Moore and her Rolling Stone photo of a nude John Lennon embracing Yoko Ono.
AIG’s Greenberg to Testify Wednesday on Gen Re (Reuters)
He didn’t want to, but he’s found the time to fit it in while pack for a vacay to China.
Former Deutsche Bank Saba Asia Head Said to Plan New Hedge Fund (Bloomberg)
Wang Bing’s firm, Nine Masts Capital, “is planning a hedge fund seeking to profit from mispricing of securities in Asia’s equity and credit markets”
Gunman, 2 others wounded in Dallas shootout (AP)
A gunman “apparently angry over business dealings wounded a father and son at their financial services company inside an office building Monday, then shot himself as police closed in, authorities said.”
Has anyone seen these emails going out from http://www.trumpnetwork.com
Under the guise of recruiting ‘Apprentices” the Donald is creating a “Multi-Level” marketing organization which is….by many, a business version of the ponzi scheme.
For the record, “Multi-Level” marketing is illegal in 17 states.
Let me remind everyone that UBS still sucks.
I have solved the crisis in Greece. They are going to borrow from China to pay for their social programs. It has worked for us and will work for them.
I do Gr##k.
-Ping
What Greece clearly needs is a universal healthcare system to help their economy out of the shitter. Take the money from those aristocrats making $275,000 a year with a family of 4 and give their money to those people who dont pay taxes at all. Then we give the unions control of the private sector and economy…
What? oh you say they already did that in Greece? The social programs killed them? Like in California?
oh… Well insurance companies are evil and doctors kill babies.
@5 that was brilliant commentary. So original. I’d like to send you a congratulatory note. Do I send it to your address on “Dumbass Avenue” or to the dominatrix’s dungeon you share with Karl Rove?
I actually liked it 5. Keep up the good work.
@6 Worst retort ever
@6 I’m sure that washes down at your local Che Guevara fan club chapter, but it won’t wash here.
@5 To cause #6 to puke up last night’s tofu burger California must always be referred to as “The People’s Republic of California.”
Outstanding #5! Get you a case of beer for that one.
Bravo no 5.
More….more….
@5 I’d blow you if my maestro allowed me.
-Andrew T. (formerly of Sack capital)
@5. You’re an idiot.