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
  • Opening Bell

    Opening Bell: 06.29.10

    Banks Financing Mexico Drug Gangs Admitted in Wells Fargo Deal (Bloomberg Markets Magazine) Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo […]

    / Jun 29, 2010 at 9:03 AM
  • News

    Write-Offs: 06.28.10

    $$$ U.S. regulators sued a second employee at ICP Asset Management LLC, the investment firm accused by the Securities and Exchange Commission of defrauding investors as it bolstered an account held by “an important client.” That client was Moore Capital. [BW] $$$ Hedge funder Alexander Roepers, wife split [NYP] $$$ Is Tesla The Future Or […]

    / Jun 28, 2010 at 5:30 PM
  • News

    Caption Contest Monday

    From CNBC Business Journalist to Critic of Bankers on MSNBC [NYT]

    / Jun 28, 2010 at 4:53 PM
  • News

    Dick Bové: Lloyd Blankfein Is Gone By The End Of The Year

    Watch the latest business video at video.foxbusiness.com Just an FYI, a certain someone is available to take over, should anyone be wanting to get a short list of candidates together.

    / Jun 28, 2010 at 3:45 PM
  • News

    Blind Item: If Not Jeffrey Gundlach, Who Then?

    10:30 a.m.: We are also transporting a large glass dildo we bought in Amsterdam a few years ago. It’s in my backpack, in its protective pouch. The female TSA agent pulls out the pouch and asks “What is this?” I hem and haw a bit. Her supervisor says, “I know what that is. It’s okay.” […]

    / Jun 28, 2010 at 3:01 PM
  • News

    Hedge Fund Managers Smoking Out Opportunities In Emerging Market Of Legalized Weed

    Americans spend roughly $25 billion a year on marijuana, according to the Harvard economist Jeffrey Miron, which gives some idea of the popularity of this drug. Eventually, we might be talking about a sizable sum of tax revenue from its sales as medicine, not to mention private investment and employment. A spokesman for the National […]

    / Jun 28, 2010 at 2:23 PM
  • News

    Nick Maounis’s New Hedge Fund: GET IT WHILE IT’S HOT

    A few years back, a hedge fund in Greenwich went out of business. Perhaps you’ve heard of it. Was called Amaranth Advisors. Was run by a guy named Nick Maounis. Had this lovable goof of a Canuck named Brian Hunter making natural-gas trades. Brian was always up for a good laugh and one day, on […]

    / Jun 28, 2010 at 1:52 PM
  • News

    Citi Has Something It Wants To Say To Debrahlee “They Fired Me Because Of THESE” Lorenzana

    It’s been relatively quiet on the Debrahlee Lorezana front the past week but for some reason– I don’t know, maybe something happened over the weekend that just made Vickles snap and decide he’d had it with this chick– the bank has just put out the following statement re: T’s on an S:

    / Jun 28, 2010 at 12:26 PM
  • News

    Who Wants To Give This Kid A Job?

    Hey Dealbreaker! While I don’t have a tip, I wish I did, and I think you guys can help me get on my way to getting one to help you out. I have a proposition I would like to relay to your readership: find Me a Job and I will give you my first week’s […]

    / Jun 28, 2010 at 12:05 PM
  • News

    Lenny Dykstra Betrayed Jim Cramer’s Trust And Sullied The Good Name Of TheStreet.com For $250,000

    You might not have known it at the time, but in March 2008, circa the same month Jim Cramer called him the greatest mind on Wall Street, Lenny Dykstra was going through some money trubs. This was just prior to Dykstra putting his beloved Thousand Oaks home on the market, at a selling price that […]

    / Jun 28, 2010 at 11:14 AM

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