$$$ How Morgan Stanley Bucked A Trend In Trading [Dealbook]
$$$ Bernanke Sees No Quick End to High Rate of Joblessness [NYT] Read more »
Archive for July 2010
A breathtaking portrait hanging in JD’s yet-to-be-sold Chicago home. [Luxist]
So Obama and Wall Street, who once had a love that not only did not dare not speak its name but rather shouted it from the roof of the NYSE and decided one night to get each others’ initials tattooed to their asses, apparently now “hate” each other. Supposedly the President doesn’t think Wall Street gets what it’s done wrong, and Wall Street feels unjustly maligned by the one guy they thought they could trust. So, you know, they want nothing to do with each other! Don’t call me, don’t text me, don’t think about me and don’t you even dare respond to this email because I’m not interested in hearing what you have to say we’re to infer one side probably said to the other at some point in these last few months. And now, there’s this: Read more »
You’ve been warned. (This is presumably why Vikula’s attendance at the signing was mandatory– people familiar with the matter wanted to make sure he couldn’t say he never got the memo.) [WSJ]
From the mailbag:
FYI, in the aftermath of the GLG buy, things are not good inside Man Group.
Gang,
I need your help with something. Earlier this morning, I was informed of the following: “I just had coffee with someone who can’t get a job because of an article you wrote.” Now, despite what you may think, I have many sensitive bones in my body. If I were actually directly responsible for someone not being able to get a job, or suffering otherwise, I would agonize over this for days and probably even longer than that. I would also offer to do whatever I could to rectify the situation. So naturally initially freaked out and responded, “Who?? What happened??” It was at this time that I was informed that the person unable to get a job, allegedly because of me, “had worked at a prime brokerage and was named in a lawsuit regarding sexual harassment.” For those of you with short memories, this is the guy who told a female colleague 1) “You should do what you’re supposed to and lie on your back with your legs in the air,” 2) “It moved,” referring to the effect she had on his penis and 3) that he “shaved It for tonight,” in advance of an outing with colleagues. So, this fellow has had some difficulty getting a new gig, not, he believes, because he’s named in a lawsuit as a major legal liability, per se, but because I wrote a post based on said suit. And he would like to know if I will take down said post down. Read more »
In this case the Big Al we’re referring to is Al Gore III, son of the former vice-president, and participant in last night’s charity boxing event. The Strategic Capital Partners employee battled a guy whose nickname is “The Carnivore,” (real name: Ken Cunningham, of Oppenheimer) for three rounds, ending in a TKO. They’re captured here and here. Gore is in red.
Is your boss the type to JUST BLATHER ON as though anyone gives a shit re: what he has to say because what? His name/initials are on the door? As you can’t very well just get up and leave or whip out the wrap it up box, you’re probably looking for new and inventive ways to describe his painful monologues/speeches to your colleagues and friends. To that end, might we suggest “ball-achingly indulgent”? Read more »
Kurt Russell and Maria Bartiromo talk shop while Goldie Hawn wanders the room. [NYSD]
The massage enthusiast’s year-long house arrest has come to an end today (it was preceded by jail time), The Daily Beast informs us with the no-frills headline “Billionaire Pedophile Goes Free.” What will Epstein do with his freedom? Will he head to Dubai, as has been suggested? Will he make the trip out to Beamers, where there’s a reasonable assurance the girls are over 14? Will he remain in Palm Beach, having come to appreciate the asses o’ octogenarians? I don’t know. I’ll tell you what I do know, though. There’s only one way to commemorate this occasion. And I think you know what I’m talking about. Read more »
Attention Men Of A Certain Net-Worth Out East: Cheryl Mercuris Is Looking To Date And Mate
By Bess Levin
Cheryl Mercuris, of the Tampa Bay Mercurises, is a recently divorced mother who you can find out in the Hamptons for the next two weeks. She’s looking for a new husband, and lest you think she’s not serious about this task, Mercuris has made a sizable investment in her future, by renting out a home in Bridgehampton for $250,000 a week. Cheryl loves the men she’s met so far (she’s been “mingling with hedge-fund managers and Wall Street lawyers”) because unlike the bums in Florida like, a certain xay usbandhay of hers, these guys are very “career-oriented.” She says she’s not on “a mission” or anything like that but in the event you’re interested, here are the relevant details: Read more »
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You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
These five red flags may be good indications of whether the financial planner sitting across from you is someone you should trust with your money. LearnVest Planning also provides an innovative 7-step program for your money where you work one-on-one with a financial planner. To see if this program is right for you, start with a free financial consultation.
1. She Isn’t Certified
“There are a lot of good planners out there who aren’t Certified Financial Panners™,” says Samantha Vient, CFP®, of LearnVest Planning Services. “However, CFPs® are required to adhere to the CFP® Board’s standards of professional conduct.We believe it’s always a good idea to work with someone who has the CFP® designation, which is issued after completing a CFP® Board-approved personal financial planning curriculum, passing a rigorous exam issued by the Certified Financial Planner Board of Standards, meeting experience requirements and passing an ethics and background check.
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Sponsored Content
SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
We recognized early on that borrowers who have made timely payments on their loans, graduated from school, and have a job should be able to refinance their student loans at a lower interest rate. This may be why, after resuming lending by invitation, the media became increasingly interested in what we are doing.
In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products: Read more »
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