Opening Bell: 04.06.10

Citigroup’s Chief Shrinks Company, Eyeing Growth (NYT)
THIS IS A REAL QUOTE: “Vikram is looking and sounding a lot more confident and secure,” said one top lieutenant. “He has a smile on his face. He sees the day when he is going to earn more than a $1 a year.”

SEC faces setbacks, skepticism in trying to reform its enforcement image (WaPo)
They’re so much more than tranny porn fetishists. Why doesn’t anyone get that?

Financial Crisis Inquiry Wrestles With Setbacks (NYT)
In recent months, a top investigator resigned, frustrated by delays in assembling a staff. Behind closed doors the panel’s chairman and vice chairman have had heated disagreements over whether to make public preliminary findings or revelatory documents. Entities like Citigroup and the Treasury have complained that the panel’s requests for information have been vague and voluminous.

Morgan Stanley’s Phillips ‘board’ with his post (NYP)
Charles E. Phillips is leaving the firm’s board of directors, a few months after his long-time gal pal, YaVaughnie Wilkins, splashed his face on giant ads across the country. YaVaughnie was unaware that she was Phillips’ mistress, because he told her that he had finalized his divorce with Karen in 2003. One of the giant billboards, posted at the corner of West 52nd Street and Broadway, near Times Square, declared “Charles & YaVaughnie.” It encouraged onlookers to go to the Web site charlesphillipandyavaughniewilkins.com.

Citigroup Execs Face Grilling over Risky Mortgages (AP)
Mark your calendars– Chuck Prince, Bob Rubin, and Alan Greenspan are taking the stand on Thursday.

New York Will Approach Daily High Temperature Record Tomorrow (Bloomberg)
Just an FYI and a suggestion to consider ‘suddenly coming down with something.’

Photographer Annie Leibovitz Sued In NY For Unpaid Fees (Reuters)
Leibovitz owes Brunswick Capital a 2 percent “success fee” on the more than $40 million loan by Colony secured in early March, according to the suit, as well as more than $315,000 in fees for the firm’s services.

Now To Explain The Party Favors (NYT)
Andrew Ross Sorkin wants some answers.

Comments (32)

  1. Posted by Tax Chick | April 6, 2010 at 9:08 AM

    FIELD TRIP!!!!!!

  2. Posted by Anonymous | April 6, 2010 at 9:29 AM

    Hey Zach, does your name rhyme with hatch? Also, suck my whiteboard marker, homo.

    -Ping J.

  3. Posted by Anonymous | April 6, 2010 at 9:44 AM

    The ARS piece holds some truth regarding the “group-think” hypothesis if you consider how Warren Buffett (a Wall Street outsider by virtue of location at least) denied John Gutfreund his parting bonus at the end of his career at Salomon. Just sayin’.

  4. Posted by Hartford | April 6, 2010 at 9:53 AM

    The NYM article on “half-hookers” from last night’s closing bell was phenomenal. scary world.

  5. Posted by american bandersnatch | April 6, 2010 at 10:09 AM

    @4 – Scary? Did you just get the internet in Hartford?

  6. Posted by elephant | April 6, 2010 at 10:12 AM

    Erin Burnett is the only person in USA happy to see the gas price go up! If her friends in oil producing Middle East she kow towed to are happy, she is happy!

  7. Posted by HAM05 | April 6, 2010 at 10:13 AM

    @4 – saw the cover when i got home last night. great article overall, esp the distinction bw american girls and foreigners – russians go straight for the benz etc.

    to some degree, ALL women are hookers given that money changed the evolutionary game. they did an experiment with chimps a while back where they were shown that they could receive foood in exchange for a token. within minutes the female chimps had ALL the tokens as the little guys would hand them over and mount them right up. we’ve evolved to be a bit more subtle, but its the same game.

    i long for the days when you could club em over the head, drag them back to the cave and make em a love slave.

  8. Posted by Tax Chick | April 6, 2010 at 10:33 AM

    @HAM/7 – That’s a bit harsh, don’t you think?!

    Following that line of reasoning then all men are dogs and incapable of fidelity.

  9. Posted by Anonymous | April 6, 2010 at 10:39 AM
  10. Posted by Hartford | April 6, 2010 at 10:54 AM

    @ 5, scary because of the proliferation/acceptance of diminished moral standards, perhaps? Go fuck yourself

  11. Posted by HAM05 | April 6, 2010 at 10:58 AM

    @8 dogs are the most loyal creatures in the world. men are more like those slutty dolphins going around blowing each other all willy nilly.

  12. Posted by Tax Chick | April 6, 2010 at 11:11 AM

    @HAM/11 – Dogs may be loyal, but they will fuck just about anything (your friend’s leg, your stuff animal, a beanbag).

    I meant fidelity in the western, sexual monogamous sense. My bad. Leave it to a guy to wiggle out of mongamy.

  13. Posted by HAM05 | April 6, 2010 at 11:13 AM

    stereotypes are a bitch

    where is everyone today?

  14. Posted by Tax Chick | April 6, 2010 at 11:17 AM

    So are women. Ha! Had to go there.

    No idea. It’s a frickin’ ghosttown on this site… warrants the cricket guy.

  15. Posted by Tax Chick | April 6, 2010 at 11:23 AM

    It is the last day of Passover, so maybe everyone is at home not working and saying prayers instead.

  16. Posted by Tax Chick | April 6, 2010 at 11:28 AM

    Do you think Zach would go out with me?

    -zach

  17. Posted by HAM05 | April 6, 2010 at 11:31 AM

    @tc if you and i were the last two people on earth, would you make me a sandwich?

  18. Posted by Tax Chick | April 6, 2010 at 11:32 AM

    @16 You are a bigger moron than Zach.

  19. Posted by Anonymous | April 6, 2010 at 11:36 AM

    I talk to myself on blogs all the time, its no big deal.

    -guy who talks to himself online

  20. Posted by Tax Chick | April 6, 2010 at 11:38 AM

    I am confused. Why is Tax Chick telling Tax Chick she is a moron?

  21. Posted by Anonymous | April 6, 2010 at 11:39 AM

    @HAM: maybe she’d be more receptive if you offered her money

  22. Posted by Anonymous | April 6, 2010 at 11:41 AM

    @TC I think the imposter has returned, haha. Plus I think Zach prefers canines

  23. Posted by guest | April 6, 2010 at 11:42 AM

    @8 Uhhh….yes all men are dogs (pigs actually) incapable of fidelity. If you think your man is faithful you aren’t keeping close enough eye on him.

  24. Posted by Tax Chick | April 6, 2010 at 11:44 AM

    @HAM – Only after you built me a house befitting the life sytle I have become accustomed to.

  25. Posted by Pfluger the Barbarian | April 6, 2010 at 11:45 AM

    @10: “Diminished moral standards” ??! I think that you just might be on the wrong site. This is a Wall Street blog.

    Many of the evil-doers who force people to take out mortgages they can’t afford, then laugh as the hapless suckers are evicted, post here. Not Goldmanites, of course, who do God’s work and, on occassion, even rescue stray kittens.

  26. Posted by Anonymous | April 6, 2010 at 11:47 AM

    Zach is Tax Chick.
    Tax Chick is Zach.

  27. Posted by Tax Chick | April 6, 2010 at 11:47 AM

    @16/20 – Are you capable of walking and breathing at the same time or must you stop walking everytime you take a breath?

    @22 – what gave it away?

  28. Posted by Hartford | April 6, 2010 at 12:08 PM

    @25, I’m talking social morality- chicks wantonly pursuing sex in public, stuff like that, and beiong proud of it. Sluts.

  29. Posted by Pfluger the Barbarian | April 6, 2010 at 12:21 PM

    @29:

    I see. I was referring to money whores in general, including alot of the BSDs on Wall Street. Excluding Goldman, obviously…..

  30. Posted by Anal_yst | April 6, 2010 at 12:38 PM

    I felt skeezy while/after reading the NYMag article. And my parents wonder why I said I’ll never get married, sigh…

  31. Posted by Anonymous | April 6, 2010 at 2:26 PM

    CEO making $1/yr = social justice
    intern making $0/yr = serious breach of labor laws

    -Dept of Labor, hard at work

  32. Posted by Tax Chick | April 6, 2010 at 4:58 PM

    Jeff Macke is writing copy over at CNBC.com… “…and the pig in the python is showing its face.”

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