December 2010

  • News

    Whitney Tilson Welcomes Feedback On Netflix Short

    Whitney Tilson sent out T2 Partner’s analysis of Netflix yesterday, explaining why it’s their “largest bearish bet.” If you have any thoughts on why they’re right or wrong, he’s all ears.

    / Dec 17, 2010 at 11:00 AM
  • News

    Caption Contest Friday

    Vikram Pandit tests out the goods at Citi’s new branch, which the bank opened yesterday and celebrated with a red carpet and a waiter carrying ‘a platter of bite-size donuts and a sugary dipping sauce.’ [Dealbook via HNM]

    / Dec 17, 2010 at 10:33 AM
  • News

    Level Global: Nothing Is Fucked

    “Contrary to speculation in the media, redemptions have been immaterial — amounting to less than 10 percent of our capital base,” the fund said in a letter to clients. “As you can appreciate, we simply cannot respond to every rumor circulating in the media,” Level Global continued. “We can, however, reiterate what we have already […]

    / Dec 17, 2010 at 10:20 AM
  • News

    BusinessWeek Subtly Suggests Tim Geithner Might Want To Have Some Work Done

    Since becoming Treasury Secretary, Tim Geithner has taken a whole lot of shit, from both the outside world and internally at work. His boss makes “jokes” in public about dogs pissing on him, chief executives openly speak of his uselessness and hardly a day goes by without a story claiming he’s getting fired and replaced […]

    / Dec 17, 2010 at 10:16 AM
  • News

    Level Global Will Pick Up The Tab On Insider Trading Investigation Legal Fees

    Hilarious as it would be to stick investors with the bill, that’s not the kind of hedge fund we’re dealing with here. Re: Level Global Investors, L.T.D. Dear Investors: Understandably, many of you have inquired into the legal costs and expenses we are incurring as a result of the U.S. Attorney’s Office investigation into the […]

    / Dec 17, 2010 at 9:51 AM
  • News

    Opening Bell: 12.17.10

    Congress Sends Tax Bill To Obama (WSJ) The bill goes to the White House for President Barack Obama’s signature after the House overcame persistent liberal opposition and passed it with an unexpectedly large bipartisan majority of 277-148. The measure passed the Senate earlier in the week also with an overwhelming majority. Diamond To Become Barclays […]

    / Dec 17, 2010 at 9:20 AM
  • News

    CNBC Anchor Should Consider Sleeping With One Eye Open

    Earlier this morning, Squawk on the Street had a little interview with Blackstone chief Stephen Schwarzman, live from Waldorf Astoria, where the Yale CEO Summit is taking place. The chat was conducted by Tyler Mathisen, with his colleagues patched in from the mothership in Englewood Cliffs. Everyone was very excited to have Steve-o on and […]

    / Dec 16, 2010 at 5:11 PM
  • News

    Oil Trader Was Totally Just Messing When He Suggested Having A Judge Killed

    That was a joke people took out of context. But he was serious about bribing the guy.

    / Dec 16, 2010 at 4:38 PM
  • News

    Mark Haines Gave Erin Burnett A Bra For Christmas

    What? Like that’s weird?

    / Dec 16, 2010 at 4:22 PM
  • News

    Charlie Gasparino: Government’s Cooperating Witness Is At Level Global

    Additionally, the firm is said to be fielding “massive redemption requests,” with Cornell University asking for its money back. The $4 billion Greenwich-based Level Global, which has not been charged with any wrongdoing was one of the first firms to be raided by the FBI, and was founded in 2003 by SAC alum David Ganek.

    / Dec 16, 2010 at 2:42 PM
  • News

    Vikram Pandit Feels Like The Market Is Finally Showing Citi Some Love

    For the last few years or so, Citi has been shown relatively little respect by market participants. That may have had to do with the fact that the bank was not a very desirable asset, having decided during the Sandy Weill era that big is beautiful. Unfortunately the C went a little too far with […]

    / Dec 16, 2010 at 2:27 PM
  • News

    Who Is The Hedge Fund Manager Cooperating With The Feds?

    Earlier this morning, CNBC’s Kate Kelly noted that one of the Feds’ cooperating witnesses is a New York-based hedge fund manager whose name has not yet been revealed. Obviously this means we have no choice but to wildly speculate about the identity of “CW-5″.

    / Dec 16, 2010 at 1:40 PM
  • News

    Ever Had A Chat With Daniel Devore?

    The former Dell global supply manager pleaded guilty to wire fraud and conspiracy to commit wire fraud on December 10 and has been working as a cooperating witness for the Feds.

    / Dec 16, 2010 at 11:41 AM
  • News

    Four Arrested On Insider Trading Charges

    According to CNBC’s Kate Kelly, those cuffed were Walter Shimoon (of Flextronics), Mark Anthony Longoria (of AMD), Manosha Karunatilaka (of Taiwan Semiconductor North America) and James Fleishman (of Primary Global Research).

    / Dec 16, 2010 at 10:55 AM
  • News

    Tim Geithner’s Got Great News

    We are getting a bargain on this TARP business.

    / Dec 16, 2010 at 10:45 AM
  • News

    Opening Bell: 12.16.10

    Jobless Claims In US Unexpectedly Fell To 420,000 Last Week (Bloomberg) Applications for jobless insurance payments decreased by 3,000 to 420,000, the lowest in three weeks, Labor Department figures showed today…Fewer firings signal employers may be gearing up to add to their payrolls and help reduce a jobless rate hovering near a 26-year high. While […]

    / Dec 16, 2010 at 9:15 AM
  • News

    Write-Offs: 12.15.10

    $$$ Obama Has ‘Gotten the Message‘: NBC-WSJ Poll [CNBC] $$$ Nomura: Firms Will Have Limited Flexibility On 2010 Compensation [FINS] $$$ Vultures Give US Good Mark [WSJ]

    / Dec 15, 2010 at 5:50 PM

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