In fact, if you must know? Welch thinks Obama’s done a “horrible” job with this thing. Too many “photo-ops,” not enough “solutions.” If Welch were dealing with this, he says he’d set up the “five best people in exploration and production” in an office space across the street from the White House. He’d visit them “between 5 and 6 every night” to check their progress, and he wouldn’t let them come out until they’d figured out how to fix this thing. Unfortunately Welch has his hands tied getting his online business school off the ground, and doesn’t have the time to deal with himself.
Archive for June 2010
As previously mentioned, Debrahlee “I want to be tits on a stick” Lorenzana has fired her original attorney, Jack Tuckner on the “too hot for Citi” case. This may have been a mistake. As you know, one of the complaints made by Lorenzana is that her bosses told her she needed to wear dumpier clothes in an effort to not draw attention to her sweet ass and surgically enhanced cans. Specifically, Lorenzana says that she was told not to wear pencil skirts or stilettos. And while Tuckner may be the creepiest lawyer of all time, it turns out he has deep knowledge of this sort of footwear (and the other accoutrement that might fill out the ensemble), and how its presence in the corporate world can only enhance business, such as when a stilleto is shoved up one’s ass. I’m not sure Lorenzana was aware of this information at the time she sacked Jack, who may have been her best shot at winning this thing.
In June 2008, Manhattan women’s-rights lawyer Tuckner was sued by his former office manager, Lisa Brockington, who claimed in court papers that he watched porn at his desk and wore a “slave” collar at work. Her suit called him a “self-described ‘testosterone-poisoned’ attorney with a penchant for bondage and sadomasochism who demeaned . . . the women who worked for him.”
Blankfein: Clients Back Goldman (WSJ)
Blankfein assured the firm’s retired partners at a meeting Tuesday that clients are standing behind the company, adding that the two month’s since the Securities and Exchange Commission accused Goldman of fraud have been “very difficult.” About 110 retired Goldman partners attended the meeting, which began at 5 p.m. and lasted about 45 minutes. Some partners, who described the meeting as supportive of Mr. Blankfein, stayed afterward for cocktails.
BP Isn’t Expected to Undermine Financial Viability (Bloomberg)
The administration official, who spoke on condition of anonymity, said the White House expects “tangible progress” in talks on an escrow fund to cover cleanup costs and claims stemming from the Gulf of Mexico oil spill.
House-Senate Talks Drop New Credit-Rating Rules (NYT)
Mr. Dodd said the conflict of interest seemed obvious and yet figuring out a solution was not as clear-cut. “How is it that you get to pick your own rating agency, where you don’t do any due diligence and just rely on the data and information given to you by the very company that has hired you to give them a rating?” Mr. Dodd asked. “I mean, just saying it alone, it screams out for a resolution.” “Senator Franken raised a very interesting idea on how to do this,” he added. “My concern is I don’t know how you work it. It’s complicated.”
SEC Revolving Door Under Review (WSJ)
In a letter sent Monday, Sen. Charles Grassley (R., Iowa), the ranking minority member on the Senate Finance Committee, asked David Kotz, the inspector general, to review the recent departure of a top official in the SEC’s Division of Trading and Markets who took a job with a prominent high-frequency trading firm. “We need to ensure that SEC officials are more focused on regulation and enforcement than on getting their next job in the industry they are supposed to oversee,” Mr. Grassley said in a statement.
Latest Assault on Goldman Sachs: Bed Bugs (ABC)
Employees who work in Goldman’s Jersey City, N.J., office tower have been moved from certain floors and ordered out of the building at times because exterminators have been in checking and spraying for bed bugs, said two separate sources at the firm. Neither source was comfortable being quoted by name, citing company policy. Continue reading »
Yesterday, the Post had an item about Snooki and Gregg Valentino, a man with 28-inch biceps and author of the book Death, Drugs and Muscle, becoming fast friends. What the story failed to note was two very important facts: 1) Valentino is said to getting his own reality show this summer and 2) he is the noted gal-pal of Charlie Gasparino. Don’t do anything with that info for now, just keep it in mind, and wait.
Jerome Kerviel Invented A Friend Named Matt, Built A Vivid Character Sketch Of The Guy
By Bess Levin
I knew there was a reason I loved Jerome Kerviel and today that reason became crystal clear. As previously mentioned, the former SocGen trader admitted faking a buncha trades during his time with the firm. Now, there’s this: Continue reading »
The SEC has taken a lotta flack over the last year or so. Given. The report that a good number of officials spend hundreds of hours looking at tranny porn during business hours was embarrassing but it was really just noise. The bigger criticism to be (justifiably) made is that the Commission as a whole is dumb as rocks. Harry Markopolos has said so about a million times, Bernie Madoff has attributed the success of his Ponzi scheme to the insanely impressive level of incompetence demonstrated by the group, they went after the most honest investor of all time, David Einhorn, and if that doesn’t do it for you, take a moment to consider that 9 employees out of 10 don’t know that penises stay outside the pencil sharpener. Last fall they tried to step up their game by sending employees for training at ClownFace College but it didn’t quite take. And, damn it, they just want to be taken serious! But how? Continue reading »
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
