June 2010

  • News

    Joe Cassano Coulda Been A Hero, If You’d Let Him Try

    “[Cassano] even went so far as to claim that he might have been able to help minimize the government’s bailout of AIG. Part of the money spent to save the company was funneled to more than a dozen banks that had taken out insurance contracts against AIG defaulting on its debt. “I think I would […]

    / Jun 30, 2010 at 4:48 PM
  • News

    Pulling The Peg

    The following post is by Dealbreaker reader and commenter Infinite Guest. To a nation of savers, to a growing economy, and to the general well-being of central planners, inflation poses a bigger threat than unemployment. Ahead of China’s 12th Five Year Plan, due out soon, Chinese foreign direct investment is booming; the pace of bilateral […]

    / Jun 30, 2010 at 4:09 PM
  • News

    Russian Spy Anna Chapman Claims To Have Worked For Warren Buffett

    Which would potentially make The Oracle of O and Dr. Doom Eskimo Brothers. Which somehow makes sense.

    / Jun 30, 2010 at 3:50 PM
  • News

    Who Are Your Favorite Hedge Fund IR Dimes?

    So, my friend Jessica Pressler and I did a list of the hottest pieces of male tail on Wall Street. This may be of interest to a few of you (the ladies, the boys seeking boys, those who want to hate-click about not being on it) but I am aware that, for the most part, […]

    / Jun 30, 2010 at 1:59 PM
  • News

    Reader Poll: Does It Surprise Anyone To Find Out Joe Cassano Has A Lisp?

    And also that he thinks he’s too good to read his prepared testimony? And finally, am I the only one getting a serious, “love child of Jon Lovitz and Jimmy Cayne” vibe? (Previously I though it was just “spawn of JoLo…but there’s definitely seeds of JC in there.) Earlier: Joe Cassano, Most Selfless Individual In […]

    / Jun 30, 2010 at 12:46 PM
  • News

    Russian Spy Did Not In Fact Lie On Her LinkedIn Profile Re: Employement At Barclays

    Yesterday, we mentioned that Anna Chapman, one of the ten Russian spies arrested by the Justice Department on Tuesday, had noted spending time working at Barclays as a “slave.” Almost immediately, the bank informed us that they have never even heard of this lady, and that there was no way in hell she’s ever worked […]

    / Jun 30, 2010 at 12:15 PM
  • News

    Joe Cassano, Most Selfless Individual In All The Land, Begged His Bosses At AIG To Let Him Not Take A Bonus

    But they said no, Joe, no. You, our adorable little Jon Lovitz lookalike, deserve this. We won’t have it any other way. You have done so much for this company! Letting you walk away without $315 million would be practically criminal. Would you like that in unmarked, non-consecutive twenties? Singles? Briefcase or g-string? Joe Cassano’s […]

    / Jun 30, 2010 at 11:00 AM
  • News

    Opening Bell: 06.30.10

    Goldman’s Cohn Is Next On Hot Seat (WSJ) Goldman’s No. 2 executive, a longtime confidant of Mr. Blankfein, is testifying Wednesday before the Financial Crisis Inquiry Commission. Mr. Cohn is well-known for being direct, even by Wall Street standards. During the credit crisis, he spotted ex-Goldman executives John Thain and Peter Kraus having dinner at […]

    / Jun 30, 2010 at 8:59 AM
  • News

    Write-Offs: 06.29.10

    $$$ Goldman Sachs More Responsive to FCIC; Blankfein Interviewed [Bloomberg] $$$ BP Going Back To Banks For More Funding [FBN] $$$ SEC Settles With Aguirre [WSJ]

    / Jun 29, 2010 at 5:30 PM
  • News

    Did Dr. Doom Tap One Of The Russian Spies?

    From the mail bag:

    / Jun 29, 2010 at 3:34 PM
  • News

    Investing Guru Admits Steroid Abuse

    Today has been a day of revelations. That there are spies among us. That Citi is not Goldman Sachs. That there are some exceptions to the rule that it’s okay to get hammered and lose your company a shit-ton of money. And now this. This insane bombshell, that one of the greatest minds on Wall […]

    / Jun 29, 2010 at 2:54 PM
  • News

    FYI, Barclays Has Never Even Heard Of Russian Spy Anna Chapman

    Earlier this morning, we mentioned that Anna Chapman, one of the ten Russian spies arrested by the Justice Department yesterday, claimed to have worked as a “slave” at Barclays. According to the bank, she lies! A spokesman has just informed us, “We ran a check and have no record of anyone named Anna Chapman working […]

    / Jun 29, 2010 at 2:29 PM
  • News

    Meredith Whitney On “The Problem With Citi”

    I mean, where to start? They’ve got some freaky ass rules in place that say their CEO to build the $10 million Zen Garden of his dreams, you’re not allowed to catch BJ’s on the company jet, and, most offensively, you can’t even have a discussion about putting a whiteboard marker in your underling’s ass […]

    / Jun 29, 2010 at 2:17 PM
  • News

    Scott Brown Cannot In Good Conscience Support This Bill With The New Stuff Slipped In

    Bloomberg reports Brown sent a letter to Dodd and Frank stating: “This tax was not in the Senate version of the bill which I supported. If the final version of the bill contains these higher taxes I will not support it.” [Bloomberg]

    / Jun 29, 2010 at 1:55 PM
  • News

    Rep. Kanjorski’s Dow Prediction

    FYI, if we don’t pass the financial reform bill, the Dow will apparently fall 2,000 points. [BI]

    / Jun 29, 2010 at 1:50 PM
  • News

    Crisis At Morgan Stanley: No Good Snacks All Morning

    From: Morgan Stanley Sent: Tuesday, June 29, 2010 11:11 AM To: Employees Subject: Crisis Management Update – Low Water Pressure in Westchester Office

    / Jun 29, 2010 at 1:39 PM
  • News

    FSA Sets Dangerous Precedent In Drunk Trader Case

    I’m not promoting alcoholism, but like so many things in life, there are some activities many of you are better at while under the influence. Sadly, in London, one guy had to ruin it for the whole group. Steve Perkins, the oil trader who bought 7.13 million barrels of crude oil on behalf of his […]

    / Jun 29, 2010 at 12:37 PM
  • News

    Which Financier Was Liaising With The Russian Spies?

    So hey, there are Russian spies among us! Ten to be exact, who were busted yesterday by the Justice Department because apparently the US is not cool with that sort of thing. Before they were arrested, said Ruskies carried out their mission using code words, invisible ink, brush passes, microphone plants and folded newspapers to […]

    / Jun 29, 2010 at 10:55 AM

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