$$$Goldman Sachs’s Further Comments on SEC Complaint: “We are disappointed that the SEC would bring this action related to a single transaction in the face of an extensive record which establishes that the accusations are unfounded in law and fact.” [iMarketNews]
$$$Jes Staley: “If Jamie doesn’t leave, then I probably need to leave myself in a few years,” says Jes Staley. “If it’s not me, it’s still been a blast working for Jamie. He is one of the greatest people in finance in my generation. At that point, I am going take an office at Highbridge and sail.” [Fortune]
$$$Some Syracuse Students Are Psyched That Jamie Dimon Is Giving Their Commencement Address [Daily Intel]
Fuck the SEC and its baseless charges. Screw the Rajaratman-loving director. That all pales in comparison and gravity to this. As you know Goldman has new headquarters. And guess what? Some people aren’t very happy. With the move comes a little good and a whole lotta bad. First, the good, sore consolation prizes in light shitty views and being forced to look at each other’s dicks only if you choose to do so:
* a gym with classes like “Awesome Abs.”
* a panorama that includes New York Harbor.
* Sugar and grease: “the Sky Lobby cafeteria that offers a deep panini lineup and deadly cupcakes”
In a remarkable (and uncharacteristic) show of restraint, the analyst did not nominate her main man, Ken Lewis, for the job. (But don’t think it’s not coming.) Continue reading »
I am a current student at SU, studying Broadcast Journalism, Finance and Accounting.
While much of the reporting has covered the protests, not enough has focused on the support for Dimon. I am one of the handfuls who is in favor of bringing in Dimon as a speaker, because Dimon is a MUCH bigger name than speakers at other schools are. The quality of speakers at some other schools is not very high. The proof: Cantor is a sought after graduation speaker.
It boggles me why students want to make big deals about big people, i.e. Giuliani here years ago and Obama at Notre Dame. The job of the graduation speaker is to motivate and give advice on what is to come ahead. I had much rather spend my energies protesting if we got a nobody, which Dimon is not. Dimon is entertaining and charismatic. He is leading the Wall Street clean up from the bottom up!
Jon Corzine is getting married! The former Goldman CEO confirmed his engagement to Sharon Elghanayan, who thinks JSC “is the greatest thing since sliced bread,” this afternoon. And while we’re on the subject of “greatest things ever,” gonna throw this out there for your consideration:
In Hoboken the trees are dressed for spring and lovers walk beneath those trees and birds have songs sing. And former governor and Hobokenite Jon Corzine is in love again.
Sayeth Chaz: “What they did may not be illegal but it is so sleazy.” Ya hear that Lloyd? You’ve left a bad taste in CG’s mouth. For that alone you should have your ass hauled downtown.
A month before joining Goldman’s board, Rajat Gupta began marketing a $2 billion hybrid private-equity and hedge fund vehicle called Taj Capital Partners with one of Goldman’s biggest hedge fund clients, Raj Rajaratnam.
According to the fund’s marketing documents, obtained by DealBreaker from an investor, most of the $1 billion allocated to the hedge fund portion of Taj Capital went straight into Galleon funds. (And most of it remained there until Galleon was liquidated last October, according to the investor.) The other $1 billion went into private equity investments mainly in India. Continue reading »
Let it be known! Anyone daring to impugn on the integrity of Jim Cramer by, for instance, claiming he’s paid to act as a public relations specialist for Goldman Sachs (JC’s former employer) will be booted from the airwaves, and shamed by Erin Burnett. Continue reading »
Robert Kuzahmi – head of the S.E.C.’s Enforcement Division just said from a conference in New Orleans that Paulson & Co. was NOT involved in the disclosure violations he has alleged Goldman Sachs engaged in.
NEW YORK, April 16 /PRNewswire/ – Paulson & Co. Inc. has the following statement in response to the SEC’s complaint against Goldman Sachs & Co. announced today:
Just so we can momentarily get off the golden scrots for one second, I’d like you all to take two now and get a little perspective. To our knowledge (which may be limited), no one at Goldman Sachs has done anything like this. Continue reading »
Via Reuters, the CDO created by John Paulson which was in turn marketed to Goldman investors (sans the 411 that Paulson&Co was betting against it). Nothing new for the investors who lost a billion or so on this thing but in they event they’re looking for some JO&C material this afternoon, here ya go. Continue reading »
