• 16 Jul 2010 at 6:33 PM

Write-Offs: 07.16.10

By Bess Levin

$$$ John Paulson’s Reversal Of Fortune [Fortune]

$$$ Charlie Gasparino: Lloyd Blankfein’s Days Are Numbered [HuffPo]

$$$ North Haledon, a northern New Jersey suburb where the median family income is 162 percent of the U.S. average, had its debt rating cut amid concerns that the state’s new 2 percent property-tax cap will strain borough finances. Moody’s Investors Service downgraded the town of 9,000 residents one level to A1 from Aa3, and assigned a negative outlook. “I have zero respect for Moody’s,” the community’s auditor, Chuck Ferraioli, said in a phone interview from his office in Pompton Lakes. “We’re paying our debts and we always will. Moody’s is so out of touch.” [Bloomberg]

$$$ Trump Requests Services Of Rachel Uchitel [TMZ]

$$$ Ex-Goldman Programmer Wants Theft Charges Tossed [Bloomberg]

Comments (13)

  1. 1
    Posted by Anal_yst | July 16, 2010 at 6:55 PM

    So don’t pay for the credit rating? Not that he doesn’t make a solid point (MCO sucks)

  2. 2
    Posted by Anonymous | July 16, 2010 at 8:34 PM

    Kouwanal_yst,
    Any thoughts on the mansierre?

    - Guy that likes to hear Anal_yst’s thoughts

  3. 3
    Posted by trojan | July 16, 2010 at 9:52 PM

    Moody’s Analyst post = AIG/LEH Quant post

  4. 4
    Posted by guest | July 16, 2010 at 10:07 PM

    In Soviet Russia, trumped-up HFT algo source code larceny charges drop you!

    -commenter whose target demo is currently 60% NakedShort, 75% SPODE, 105% FKA LA.

  5. 5
    Posted by Anonymous | July 17, 2010 at 1:25 AM

    Northern New Jersey is the new killing it.

    -T.Soprano

  6. 6
    Posted by trojan | July 17, 2010 at 6:25 PM

    what’s with the random edit bess- the ONP flame war didn’t cut it?

  7. 7
    Posted by trojan | July 17, 2010 at 6:27 PM

    nevermind. reason 30 why iphones suck at the internet.

  8. 8
    Posted by Named Quan | July 17, 2010 at 9:44 PM

    What ever happened to the contest for hottest babe in IR man?

  9. 9
    Posted by Anonymous | July 18, 2010 at 5:32 AM

    Wow, CG really doesn’t have a clue. “Goldman will have to remake client relations for M&A deals”. True, they’re league table ranks are pathetic ^^

  10. 10
    Posted by guest | July 18, 2010 at 10:43 AM

    LOL @ HuffPost knowing anything about business

  11. 11
    Posted by Whatsmynametoday | July 18, 2010 at 10:08 PM

    Now that just rich. That just Hiii-laraious ! (Spoken in the voice of Ross Perot)

  12. 12
    Posted by Whatsmynametoday | July 18, 2010 at 10:11 PM

    Posted by Anal_yst | July 16, 2010 at 6:55 PM
    So don’t pay for the credit rating? Not that he doesn’t make a solid point (MCO sucks)
    ////

    No,no. You don’t pay for an update. You already be on da hook! Another reason to flush rating companies.

  13. 13
    Posted by Anonymous | July 19, 2010 at 9:54 AM

    Getting hammered and buying 250,000 tons of Cocoa is the new Killing It. They really need to install breathalyzers on trading desks over there . . .

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