March 2010

  • News

    Is That All There Is? A Green Shoots Retrospective

    I remember when I was a very little girl, our house caught on fire. I’ll never forget the look on my father’s face as he gathered me up in his arms and raced through the burning building out to the pavement. I stood there shivering in my pajamas and watched the whole world go up […]

    / Mar 12, 2010 at 4:15 PM
  • News

    Devestating News Of The Day: Greenwich, CT Is Down One Zamboni

    When I think of a certain someone in someone in Stamford, a lot of things comes to mind. Fleece. Preserved fish. Magic. But the very first thing I think of is a Zamboni machine. Him riding it. His star traders being invited for a congratulatory spin around the floor when they’ve had particularly good months. […]

    / Mar 12, 2010 at 4:10 PM
  • News

    Does Charlie Gasparino Owe David Einhorn (And Barry Ritholtz) An Apology?

    I don’t think I have to tell you people it takes a big man to admit when he’s wrong, and an even bigger one to follow that admission up with an apology. Charlie Gasparino is fully aware of this truism, though in his 40 some-odd years, he’s had nothing to say sorry for, and certainly […]

    / Mar 12, 2010 at 12:55 PM
  • News

    The Government Can Do Whatever It Wants With Its Shares Of Citi, Vikram Doesn’t Care

    “They’re free to do what they want to do,” Pandit said yesterday at an investor conference in New York. “I wouldn’t be surprised if they would actively think about something,” given where the stock is trading, he said.

    / Mar 12, 2010 at 12:30 PM
  • News

    How Would Former Lehman Brother’s CFO Brad Hintz Characterize The Bank’s Accounting Practices?

    “Shenanigans, Bob. Shenanigans.”

    / Mar 12, 2010 at 12:00 PM
  • News

    Deutsche Bank Employees Feeling Unappreciated

    What are they doing about it? Considering their options, that’s what. According to people familiar with the matter, a number of employees — including some of the bank’s most talented and highest-paid people — are feeling that they aren’t being fairly compensated for their work in helping the bank weather the financial crisis without having […]

    / Mar 12, 2010 at 10:45 AM
  • Opening Bell

    Opening Bell: 03.12.10

    AIG Is Said to Query Bonus Holdouts in Push for $45 Million of Concessions (Bloomberg) The insurer mailed questionnaires this month to ex-workers at the Financial Products unit asking whether they’d earned income after leaving AIG, said the people, who declined to be identified because the negotiations are private. Under the program, compensation earned by […]

    / Mar 12, 2010 at 9:15 AM
  • News

    Write-Offs: 03.11.10

    $$$ AIG Workers Will Give Up $45 Million to Uncle Sam [WSJ] $$$ Goldman’s Biggest Hedgie Departs [Barron’s] $$$ Warren Buffett and Lehman ‘Never Got Close‘ to Deal [CNBC] $$$ Pandit: Citigroup Sees Return to Sustained Profitability [Reuters] $$$ “The Eller College of Management is more stressful than the United States Marine Corps,” Finelli said. […]

    / Mar 11, 2010 at 7:45 PM
  • News

    Was It Dick Fuld’s Stupidity Or Flair For Fraud That ‘Cause Lehman To Bite The Big One?

    According to the examiner’s report, a little bit of both. (Since Anton Valukas apparently has no interest in telling both sides of the story, it falls on us to remind you that Dick has his own theory for why LEH went under: the adoption of Casual Friday). Fuld was warned months before the bankruptcy by […]

    / Mar 11, 2010 at 6:00 PM
  • News

    Vikram Pandit To Remain Safely Ensconced In Hallowed Halls Of Citi

    Watch the latest business video at video.foxbusiness.com According to Charlie Gasparino, whose sources tell him VP’s job is safe, whether or not the bank starts earning $20 billion a year (as has been predicted by Count Vik). This is phenomenal news for us Vikula fans, and will no doubt thrill the CEO, who said just […]

    / Mar 11, 2010 at 3:52 PM
  • News

    Lenny Dykstra May Be In A Little Bit Of Trouble

    It’s not money trouble, so that’s a good thing but it is sexual harassment-type trouble, which is unfortunate, especially given Nails’ declaration earlier this week that he’s ready to “once again claim his role as a productive member of society.” In fairness to LD, the incident in question took place last May, which was before […]

    / Mar 11, 2010 at 3:00 PM
  • MBAs, News

    Let It Be Known, The CFA Will Not Have Its Name Tainted By Images Of Taints

    For those of you currently debating whether or not obtaining a CFA charter is worth flushing several years of your life down the toilet, I’d like you to consider one thing. When and if you finally do pass that third exam do you want the institute to own your ass? Budding pornographers, erotic novelists and […]

    / Mar 11, 2010 at 1:15 PM
  • News

    If Someone Asked Harry Markopolos To Chair The SEC, Yeah, He’d Take The Job

    Marko believes he’s right for the gig because he “knows where the skeletons are buried on Wall Street.” David Weidner thinks he’s wrong for it because he’s “self-righteous,” “a little bit crazy,” and had the stones to say Tom Hanks, Matt Damon or Nicholas Cage should play him in a movie. These were securities law […]

    / Mar 11, 2010 at 12:20 PM
  • News

    Princeton’s Budding Bankers Claim To Not Be Going Into Finance For The Money

    The Daily Princetonian is running a very exciting 3-part series on “careers in investment banking and consulting.” The first article ran earlier this week. The topic was bull shit. Specifically the bull shit lies college students tell to make them feel better about their life choices. Such as: “Money is an attractive factor, but it’s […]

    / Mar 11, 2010 at 11:37 AM
  • News

    Lindsay Lohan May Actually Have A Credible Claim Against E*Trade In Whore-Baby Case

    Earlier this week, Lindsay Lohan filed a suit against E*Trade. The claim? That the baby in the brokerage’s latest commercial was based on her life. Lohan came to this conclusion because the character’s name is Lindsay, she’s referred to as a “milk-a-holic,” and there’s a suggestion that the young one is a man-stealing tramp (she […]

    / Mar 11, 2010 at 10:15 AM
  • News

    Layoffs Watch ’10: UBS

    Dispatches from tax evasion HQ: UBS US Wealth Management is laying off significant amounts of employees in the home office today and tomorrow. General estimates are around 300. I have already seen 5 of my friends in the group next to me leave (total group size of 15!) and its only 45 minutes since they […]

    / Mar 11, 2010 at 10:00 AM
  • Opening Bell

    Opening Bell: 03.11.10

    Geithner warns of rift on EU regulation (FT) A letter sent by Mr Geithner this month to Michel Barnier, Europe’s internal market commissioner, makes clear that the European Union is heading for a clash with Washington if it pushes ahead with what the US – and Britain – fear could be a protectionist law to […]

    / Mar 11, 2010 at 7:45 AM
  • News

    Write-Offs: 03.10.10

    $$$ Wall Street Moves to Shape CDS Rules [WSJ] $$$ Sex Life Ends at 70 as Health Declines, Study Says [Bloomberg] $$$ Roubini: Economy ‘Far too Close’ to Double Dip [CNBC] $$$ Don’t forget: Harrah’s is raffling off a seat at its Stockings and Bonds poker tournament this weekend in AC. The winner will get: […]

    / Mar 10, 2010 at 6:30 PM

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