Archive for April 2010

  • 29 Apr 2010 at 12:18 PM

Lisa Maria Falcone Dances Like No One’s Watching

When you’re the wife of a wealthy/powerful/prominent man, you have to be ever vigilant to follow the rules. You have to act a certain way, dress, a certain way, think a certain way. You don’t want to do anything that would potentially embarrass your husband and/or cause trouble for him professionally. For the most part, you have to be boring, at least to the naked eye. There are lots of women who get in line with this reality, figuring it’s the price they’ve paid. Not Phil Falcone’s leading lady, Lisa Marie. She marches to the beat of her own drum, gets out there and says, here I am, world, out of the box fashions and all! And I’m going to dance on this table and not give a baker’s fuck what you or anyone else thinks of me! Read more »

Thanks, Mary Schapiro. Because of you the men and women of Goldman Sachs can’t even leave the building for a sando out of fear someone will be listening in on their conversation re: the next client they’re going to give the old “GS surprise.” And don’t give me that crap about how they could find other topics to discuss. What else is there to talk about when there are nefarious plots to be hatched?

According to employees, Goldman managers have urged them to keep a low profile, think carefully about the restaurants and parties they attend and watch how they behave in public. Some employees are even reluctant even to go out to lunch with co-workers for fear of being overheard talking about Goldman, said one person familiar with the matter.

Read more »

Opening Bell: 04.29.10

Goldman Looking To Settle SEC Fraud Case (NYP)
“It’s almost a certainty that there will be a settlement,” said a source. As another person put it, the SEC has an “unlimited supply of ammunition” in the form of e-mails and records that it could release, and Goldman officials would like to avoid having those documents fired back at them the way they were on Tuesday.

Roubini: Greece ‘Nearly Insolvent,’ Bailout Won’t Work (CNBC)
“Suppose you have a disorderly collapse of Greece, two things will happen,” he added. “Financial institutions holding Greek debt—mostly European—will have massive losses. Secondly, a contagion from Greece to Portugal to Spain to Italy to Ireland will have a domino effect.”

Goldman Seeks To End Fund Row (FT)
Goldman Sachs is in talks over a potential settlement with an investor that claims that it lost money and went out of business after buying into a $1bn (£660,000) mortgage-backed security that was later privately criticised by a senior executive at the bank. Basis Yield Alpha Fund, a hedge fund, is seeking compensation over its $100m investment in Timberwolf, a complex security, say several people familiar with the matter.

At Buffett Gala, All That Glitters Is Not Goldman (Reuters)
“I am interested in learning how he came to a valuation for Goldman,” whose business can seem “harder to understand” for value investors, said Thomas Kamei, a University of Southern California student who said he is attending his 13th meeting. “He might say, ‘I would put it into the big bucket of things I don’t get,'” Kamei, 20, added. Read more »

  • 28 Apr 2010 at 5:03 PM

Kiefer to Get His $1 Million Cattle Investment Back

If you’re planning to screw someone out of a $1 million with a harebrained idea to buy cattle in Mexico and re-sell them in the U.S. at a higher price, the last person you want to mess with is Jack Bauer.

I mean, come on. Kiefer Sutherland not only gets wasted and head-butts fashion designers, he can have Chloe O’Brien stare you down until you choke on your own vomit.

But, one California cowboy tried to pull a fast one on ‘Ole Kiefer and now he’s stepped in a big pile of manure.   Read more »

  • 28 Apr 2010 at 4:14 PM

Senator Claire McCaskill Apologizes For Yesterday

What is she sorry for? Is it for ‘causing horrible flashbacks for those on the panel and watching at home to being sent to the principal’s office? Her bizarre and at times troubling line of questioning? Use of the term “smart alecks”? Comparing “the legal activity of market making to the illegal activity of sports bookmaking,” the latter of which is a serious hobby of hers? Not using her indoor voice? Just generally projecting her gambling problem on Goldman Sachs? Giving Maxine Waters a run for her money? All of the above? None of the above? Read more »

  • 28 Apr 2010 at 3:07 PM

Germans Raid Deutsche Bank in Carbon Trading Probe

Environmentalists thought they had found a “market solution” to controlling carbon emissions. Then energy traders have to go screw it all up.

German prosecutors raided Deutsche Bank and RWE, Germany’s second-biggest utility, today in a wide-ranging probe of tax-evasion and generally shading dealing in the European carbon emissions market.

Read more »

  • 28 Apr 2010 at 3:00 PM

Is Your Boss A Massive Pr*ck?

Does he yell at you in front of others? Cut you down? Berate your sense of style and fashion? Tell you you look like shit in that dress? It’s okay, it’s not your fault. He just hates his father.

Lars Dalgaard (pictured) used to act like a jerk at work. As a young manager rising through the ranks years ago at a consumer-products company, he was so brutally blunt with subordinates that a coach pulled him aside and told him to be more considerate, says Mr. Dalgaard, founder and chief executive of SuccessFactors, a San Mateo, Calif.-based software company. He has since realized that an old family pattern was at work, he says. His father was so tough and blunt with him when he was small that he was behaving the same way with others, trying to be “the hero CEO, the Rambo” who ignored people’s feelings. Now that he is conscious of the problem, he says he has changed his ways. He has even instituted a “no-jerks” policy at his company, banning similar behavior by others.

Banishing The Office Jerks, Martyrs And Avoiders [WSJ]