As previously mentioned, the most Fantabulous banker at Goldman Sachs, Fabrice Tourre, took a completely and totally voluntary leave of absence yesterday from his gig at the bank’s London office. He reportedly took off for France soon after the news of his involvement in the scandal du jour broke, perhaps to weep into a pillow in his childhood bed while being comforted by mother. That, and to escape the British politicians giving him shit for potentially receiving a bonus well-deserved.
A Goldman Sachs banker facing fraud charges is in line for a massive bonus, it emerged yesterday. The bank said the 31-year-old Frenchborn broker has done ‘nothing wrong’ and there was no need to suspend him during the American investigation. It means Mr Tourre, who moved from the U.S. to London in 2008, can claim a sizeable slice of the £3.2billion bonus bonanza expected to be announced by the Wall Street giant today.
Liberal Democrat Treasury spokesman Vince Cable said Mr Tourre should have been suspended, and added: ‘Goldman Sachs shows extraordinary arrogance in the way they are handling this case. Labour MP Lindsay Hoyle, a member of the Commons Business and Innovation Select Committee, said: ‘Once again people’s confidence will be shattered by the news that a senior broker has been charged and yet carries on working, no doubt rubbing his hands at the thought of his next bonus.
Goldman Sachs banker facing fraud charges bags share of mega £3.2bn payout [Daily Mail via Daily Intel]
Oh Fabrice? won’t see him no more.
You might even say he’s doing a “Tourre de France”
Anybody who calls themselves Fabulous Fab should proceed to immediately kill themselves and improve the quality of the human gene pool.
Cable and Hoyle are right. There is absolutely no doubt whatsoever that Fab (the Senior Broker) is rubbing his hands vigorously as he hides somewhere in the French countryside.
I hope someone gives him the ole Lazard treatment.
He’s the slightly portly guy in the first row:
http://www.youtube.com/watch?v=OBtBauhhVAI
You know what kills my confidence? It isn’t the thought of a “senior broker” (ie, overpaid order-taker) thinking about his next bonus.
No, my confidence is shattered knowing that SEC idiots would launch politically-motivated investigation to cover up a report on their own incompetence
My confidence is shattered by the thought of economically illiterate, fiscally irresponsible idiots in congress opining about regulating CDO’s when they don’t even understand what the letters stand for.
@3 Agreed.
The Senior Broker at JT Marlin always acted in the best interests of the client. No way Fab or anyone at GS could rise to Senior Broker level without also having the highest ethical standards.
Rut Roh……Lloyd just deregistered Fabulous Fab with the UK Regulators. Time to cut ties, hide the bodies and circle the wagons Boys!!!!
The next scene will be akin to Good Fellas after DeNiro gets agitated about the big Lufthansa heist…..
@7 Unless Congress starts drawing up rules to differentiate between “honest graft” and “dishonest graft” it’s tough to think of ANYTHING money-related that they understand enough to intelligently regulate.
@7
You realize the voice of reason has absolutely no place here, right?
@10:
You think Fab is buying a brand new Caddy convertible and mink coats??!
That would piss off LB, for sure, just like it pissed off DeNiro in the movie.
Goldman Sachs (GS) has deregistered Fabrice Tourre with the U.K.’s Financial Services Authority, saying the VP named in Friday’s SEC complaint is on indefinite paid leave and therefore wouldn’t need to interact with Goldman clients.
@12 Analyst, after listening to you get slammed yesterday I was skeptical that you provide no actual value.
However, noticing that you merely parrot facts and unexamined opinions while foisting petty gamesmanship it actually is abundantly clear you provide nix value.
Anal_yst@12,
I think I saw some other post somewhere about a website that captures your insights. I can’t find that post – could you please help?
Fall guy
this fab is more innocent than tourre and gs.
how did he get to france? i thought flights were grounded
GS deserves this shit. They are clearly a sleazy firm who took liberties with a few of the woman. The more you defend them, the more it makes the rest of the street look like this behavior is ok. We know WS is not entirely to blame for the melt down. But GS gave this administration a opportunity to back up their frivolous charges against the entire financial industry. Making it look like the rest of the street is also sleazy. By defending GS you bolster that opinion.
I dont agree with Obama, everything this guy does is counter to what he says. He is a liar and this financial overhaul is merely another way to redistribute wealth from those who earn it to those who dont. I think Shumer is an asshole who only cares about being the Majority leader and has forgotten about this city.
SO WHY HAS THE STREET BEEN SO GENEROUS TO THE DEMS? WHY DO YOU CONTINUE TO DONATE MONEY TO THESE PEOPLE? GS GAVE $1M to OBAMA… 2nd highest in donations to the campaign behind the CA teachers union. That should tell you something.
If for nothing else, GS deserves this for that 100M donation. Maybe they should have given 100M like the unions.
Good luck with the SEC and Obama. I wonder how many of you assholes will turn out Thursday for his rally against you.
@19 …trains, planes and automobiles. Two out of three are working
GS now is being investigated by the FSA in London. GS which yesterday said it and its employees did nothing wrong, acted today to strip FAB of his license to interact with clients. They said he didn’t need it because he is on “indefinite leave.” Nothing to see hear, keep moving folks…
@Bess
Well done on the Home Alone tag
@2 Well played.
@20:
I have a ticket to the Obama “rally” against Wall Street. I picked them up for only $150 a pair. I will sell them to you for what I paid.
Fab is this story’s Rachel Uchitel. He’s just the first GS whore of hundreds who will be exposed.
@12/Analyst: “The voice of reason” = @ 20.
@22 I also hear he is on double secret probation.
@25 I cant afford to be in prison right now. Maybe on his next visit?
-25
Also Thanks 27
-20
@23 I try.
But he went to Stanford and he never lost money; he printed it!!!
@20 GS is being charged with violating women?
@32:
All of these charges will be aired during The Rally.
@33 Will there be illustrations of the conduct in question in @20′s first sentence?
@20 – Amen. It’s a “reaping / sowing” king of thing.
@32 – yup. And that kitten thing is going to come back up too.
@32 ref to a movie. I guess you never saw it.
-20
@34 yes and the SEC will be watching!
Hotel Pepe Le Peu
69 Rue du Clap
Paris, France
———————
L’Guest: Tourre, “Fab”
La Chambre: Suite du L’Hirsute
Le Rate: 4000 Euro/nuit
———————
Charges a la Chambre
Book: “Buckwheat in a Headlock – History of French Women and Underarm Hair”…..€49.00
Lifesize Photo of Lloyd Blankfein…….€150.00
La Tour Eiffel Underwear……………….€22.00
Fake Moustache…………………………..€ 5.00
Video Guide to Testicle Shaving……..€35.00
Meatball Sandwich……………………….€10.00
Lifesize nude photo “Lance Armstrong”……€37.00
Book: “Removing Gold Leafing from Testicles”……€55.00
Phone charges to: “Paris’ Hottest Party Line!”…….€120.00
List of Stanford Alumni in France……………€133.00
Groin Tattoo of “Maginot Line”…………..€225.00
Jerry Lewis mask…………………….€76.00
Flower delivery: To Mssr. Jerome Kerviel……€89.00
Book: “Qui A Coupe La Frommage? – A Tourist’s 1 page Guide to Friendly Waiters of Paris”…€123.00
Book: “Europe on €50.00 a Day”
Rosetta Stone Software-”Removing the High Pitch from One’s Voice in France”…€995.00
Fake Passport in name of “A. J. Cohen”…..€4,000.00
Cheap plastic bottle of Vin du Table w/metal cap……….€2.00
75 Local actors for “Nude Re-Inactment of Battle of Waterloo”…..€15,000.00
Private, Late Night Nude Walk Through Palais du Versailles…..€3,500.00
Sand in Bathtub for Personal D-Day Re-inactment…….€200.00
Clean bathtub of sand………………….€55.00
Marc Rich Mask……………….€375.00
Asking to be referred to as “The Jackal” by hotel staff……€443.00
@20 Hey did you write your Glen Beck rhetoric before or after you jerked off to a tea bag rally while simultaneously choking yourself with a belt?
@37 Well done sir, well done indeed!
@37 You were missed.
@37 Outstanding!!!!
However, the meatball sandwich tells me Mr. Fab is not along….the Fab Jabroni is shacking up with him. For the story or the nasty…..who knows…..
@37: Bravo! First rate.
I like the “other” OptionTrader better.
Private, Late Night Nude Walk Through Palais du Versailles…..€13,500.00 not EUR3,500 but otherwise world class.
A+
@20 GS is guilty of plenty of things, but I don’t think that its tens of thousands of employees took turns railroading hookers at the 200 West move-in ceremony. I have no idea what taking liberties with “with a few of the woman” means in your post. Try learning to spell and write coherent sentences before parroting some right wing rubbish from Faux News on this website.
@45 My first line is a reference to a movie that clearly was beneath your high-level of education. You elitist douche bag. I find it interesting and by interesting I mean you are a moron. That someone who is posting on a finance oriented blog site would defend Obama, a President who took WS money in donations and then makes your industry the scapegoat of his entire political party. IF I was you I would shut the fuck up at risk of looking like a total gullible fool.
If i am reciting FOX News then you are mindless follower of a guy who’s only accomplishment in 15 months is possibly the bankrupting of our country through a medical plan that 58% of the country doesn’t want.
At least at the end of the day we know where I am coming from and what I stand for. Its hard to say the same for you or anyone who thinks Obama is doing the right thing for this country.
Wake up you liberal asshole. Obama doesn’t care about you,hasn’t he made that clear yet? He is coming here to NYC Thursday to tell you in person.
“Dealbreaker: A finance oriented blog site”
@47 – this is the backdoor of finahnce. we like backdoors. and stenographers/PAs. now, fetch.
@46 angry much? Looks like someone forgot to take their meds. After all, pill-popping is all the rage among Rush and his legion of dittoheads.
@49 liberal + finahnce don’t go well together much. please don’t get blinded by charisma – there is only so much income and spending you can tax before all jobs move elsewhere.