April 2010

  • News

    Kristen Davis Be Damned, Eliot Spitzer Leaves Door Open On Run For Office

    “I love politics,” Spitzer told Fortune. “The substance, the debate about the issues …” As for a race in 2010? It is “just hard to see,” he says. But he adds, “I’ve never said I would never consider running for office again.” He’s not afraid of this broad, who’s sworn she’ll go head to head […]

    / Apr 7, 2010 at 5:31 PM
  • Hedge Funds, News

    Winners And Losers

    Dan Loeb is kicking ass and taking names (Jamie Dinan)

    / Apr 7, 2010 at 4:22 PM
  • News

    Harrah’s Giveaway

    WIN A CHANCE TO ATTEND THE 2010 CAESARS TENNIS CLASSIC! Overnight Stay in a Centurion Tower Premium Room at Caesars Atlantic City on 4/10/10 Two tickets to the 2010 Caesars Tennis Classic APRIL 10, 2010, Atlantic City Boardwalk Hall – 7:30pm

    / Apr 7, 2010 at 4:15 PM
  • News

    Andrew Ross Sorkin And John Mack Do Not See Eye To Eye On Who Should Play Lloyd Blankfein In Crisis Movie

    Mack, as previously mentioned, wants Danny DeVito. Sorkin, who’s thought about this a lot, would be happy with any one of the following: * Gollum * Bruce Willis * Tom Cruise (Tropic Thunder character) * Robert Duvall

    / Apr 7, 2010 at 4:05 PM
  • News

    Citi Underwriter Started Sending Higher-Ups Warnings Re: Mortgage Trubs Back In 2006

    Nobody really listened to him much though, probably because the subject lines of his emails to Bob Rubin and Co were fairly mundane (“THIS LOOKS REALLY FUCKING BAD, FELLAS”) and he forgot to mark them high alert.

    / Apr 7, 2010 at 3:15 PM
  • News

    Jimmy Cayne’s Handicap Still in the Crapper

    Jimmy Cayne may have taken a billion-dollar bath on the collapse of Bear Stearns, but that hasn’t kept him from continuing to hack up fairways from Jersey to Florida. A quick check on GHIN.com shows his highness has entered six scores in the first seven days of April. (We’re not sure if he’s playing on his […]

    / Apr 7, 2010 at 1:47 PM
  • News

    Hedge Fund Manager Eric Rosenfeld Wants To Tell Your Kids A Story About Asses

    When you’re a big time hedge fund manager, it’s important to have outlets through which to blow off the stress of the markets. Some buy art. Some play golf. Others fuck hookers. A very small group write books, usually related to what they do all day. Crescendo Partners founder Eric Rosenfeld knew he wanted to […]

    / Apr 7, 2010 at 12:00 PM
  • News

    You Wanna Know What Gets Jamie Dimon’s Goat?

    If you said Washington you’re not wrong but that’s not the answer we were looking for. Yes, James is incredibly frustrated with the people in DC. Previously he’s tried to hold his tongue but no longer. He’s openly expressed concern about the various reform proposals and he recently told the President that the “administration’s anti-bank […]

    / Apr 7, 2010 at 10:45 AM
  • News

    Congress Begins Roasting Alan Greenspan

    A two-day hearing of The Financial Crisis Inquiry Commission just began and “The Maestro” is already getting grilled by Sen. Phil Angelides, who wants to know why the Fed didn’t do more to contain abusive lending. “You could’ve, you should’ve and you didn’t,” Angelides said referring to the Fed’s “reluctance to regulate” even when faced […]

    / Apr 7, 2010 at 10:18 AM
  • Opening Bell

    Opening Bell: 04.07.10

    Mr. Dimon Goes To Washington (WSJ) At a recent White House lunch with President Barack Obama and a handful of other executives, Mr. Dimon, 54 years old, complained to the president that the administration’s anti-bank rhetoric “isn’t helpful,” because it demoralizes businesses and employees, according to a person familiar with his comments. Goldman Tells Its […]

    / Apr 7, 2010 at 8:47 AM
  • News

    Write-Offs: 04.06.10

    $$$ Adviser at center of Okla. hoops probe leaves Merrill, joins Raymond James [Investment News] $$$ Yes, Larry Summers Is Leaving [The Atlantic] $$$ AIG Resort Finds Buyer [WSJ] $$$ Lombard Odier Targets Russian Billions With Moscow Office to Challenge UBS

    / Apr 6, 2010 at 6:05 PM
  • News

    Steve Cohen’s Ex-Wife Files New Suit, Makes Awesome Demand

    Patricia Cohen is demanding “a substantial, if not controlling, interest” in SAC Capital.

    / Apr 6, 2010 at 4:39 PM
  • News

    Harrah’s Giveaway

    WIN A CHANCE TO ATTEND THE 2010 CAESARS TENNIS CLASSIC! Overnight Stay in a Centurion Tower Premium Room at Caesars Atlantic City on 4/10/10 Two tickets to the 2010 Caesars Tennis Classic APRIL 10, 2010, Atlantic City Boardwalk Hall – 7:30pm

    / Apr 6, 2010 at 4:02 PM
  • News

    Judge Jed Up SEC’s Ass Again

    These days, Judge Jed Rakoff’s name creates about as much agita inside the SEC as as Bernie Madoff. If Wall Street’s cops on the beat didn’t have enough to deal with already, now Judge Jed is up their ass about a seemingly meaningless legal settlement in the Galleon insider trading case.

    / Apr 6, 2010 at 3:05 PM
  • News

    Do You Want To Know Why Your Co-Workers Think You’re A Weirdo?

    The scene: you’re on a coffee break up in Stamford chatting it up with a couplea the guys you work with. The topic turns to the new hot chick in the office and one guy wonders aloud what kind of panties she wears. Bob says it’s gotta be thongs. Dave says he doesn’t understand why […]

    / Apr 6, 2010 at 2:45 PM
  • News

    FYI, Your (Bonus) Package Is Not Making You Better In Bed

    It’s just that its size helped prime your lady to get off.

    / Apr 6, 2010 at 2:04 PM
  • News

    Benmosche Promises Not To Abandon AIG For A Least Another Year Or So

    Robert Benmosche has a vineyard in Croatia take care of and the finest bathroom fixtures money can buy. And it would be nice to tend to his grapes and enjoy some time on the can without having to worry about the company he’s been tasked with turning around, and the government breathing down his neck. […]

    / Apr 6, 2010 at 1:15 PM
  • News

    Job Posting: Steve Cohen’s Personal Venture Capitalist

    What’s Steve Cohen supposed to do now with a fresh $1.4 billion in his pocket and no Zamboni to ride around on: Throw some cash at tech companies. Sources say Stevie’s henchmen are looking for a seasoned venture capitalist to invest about $100 million of the billionaire’s personal stash in tech startups. The headhunting is […]

    / Apr 6, 2010 at 11:45 AM
  • News

    Vikram Pandit: HAPPY. AS. A. CLAM

    When Vikram Pandit first joined Citi, he was a happy, smiley Uncle Vik. And why shouldn’t he have been? The bank had just laid out hundreds of millions of dollars to land him and he was thisclose to buying Tony Randall’s apartment. Plus, he’s just always had a sunny disposition. Despite the fact that that […]

    / Apr 6, 2010 at 11:30 AM
  • Opening Bell

    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 […]

    / Apr 6, 2010 at 9:00 AM
  • News

    Write-Offs: 04.05.10

    $$$ Lehman Castoffs Sleep on Sidewalk, Seek Redemption From Trump [Bloomberg] $$$ Wall Street Traders Enjoy Huge Payday [WSJ] $$$ Tiger Finally Lifts Burden [CNBC] $$$ The Half-Hooker Economy [NYM]

    / Apr 5, 2010 at 6:00 PM
  • News

    More Reasons to Hate Countrywide, Angelo Mozilo

    The latest issue of Barron’s cites a particularly juicy lawsuit recently filed by Countrywide Home Loans (now part of Bank of America) against Mortgage Guarantee Insurance Corp. over the mortgage insurer’s refusal to pay claims on some of Countrywide’s toxic loans. MGIC’s investigation of Countrywide’s dirty lending practices, which is attached to a court motion, […]

    / Apr 5, 2010 at 4:06 PM
  • News

    Lawsuit: Citi Employees Suck At Sexual Harassment

    Last week we discussed the matter of Citi employee Dorly Hazan Amir, an associate in Citigroup’s asset finance division who is suing the bank on the grounds that she was mommy-tracked. DHA claimed that “supervisors have discriminated against her because of here gender since the beginning of her tenure” and that when she became pregnant, […]

    / Apr 5, 2010 at 3:45 PM
  • News

    Gasparino: SEC May Be Forced To Do Something About This Whole Lehman Thing

    It’s not that they want to, as it would go against everything the Commission stands for (incompetence, letting frauds run rampant), not to mention seriously cut in on everyone’s porn surfing time. It’s just that, (no) thanks to the infernal examiner’s report, they might have, or risk looking worse than they already do.**

    / Apr 5, 2010 at 3:00 PM
  • News

    Housekeeping: A Note From Dealbreaker HR

    You’ve probably already noticed that we have a new guest writer. Perhaps you’ve heard of him? Zach Kouwe, formerly of the NY Times, was last in the news in a little episode a little while back when it came to light that he borrowed passages from the Wall Street Journal, a no-no that got him […]

    / Apr 5, 2010 at 12:40 PM
  • News

    Barney Frank Has Muzzled Carl Icahn

    We know Carl Icahn is such a tough guy he’ll sue his friends and fellow billionaires to win deals. But, has the outspoken sultan of shareholder rights been silenced by Washington lawmakers?

    / Apr 5, 2010 at 12:30 PM
  • News

    How Many People– Ballpark– Can Say They Saw The Housing Crisis Coming?

    According to Alan Greenspan, it’s a “a very small group,” maybe four or five people. And they’re all good friends of his. Why didn’t they cue him in on the situation? And if they did, why didn’t McG listen? He’d rather not say at this time. But while we’re on the matter of friends, one […]

    / Apr 5, 2010 at 12:05 PM

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