$$$ Big Hedge Funds Are Snapping Up Municipal Bonds [CNBC]
$$$ Tepper’s Appaloosa Boosts Bank Bets, Goes For Beaten-Up Tech [StreetInsider]
$$$ Fannie, Freddie Could Cost $169 Billion to 2012 [Bloomberg]
$$$ Berkshire Hathaway Eliminates Stakes in 8 Stocks [CNBC]
$$$ Happy V-Day! If you don’t yet have someone to spend the night with, this love expert interviewed by TheStreet.com suggests “getting out of the office” and “going places where you can meet member’s of the opposite sex.” For those of you who do have a boo, she recommends gift giving with the person in mind, not something the girl you were dating five years ago would have liked. [TSC]
$$$ Charlie Sheen says he’s ready to start shooting episodes of ‘Two and a Half Men’ [NYP] Continue reading »
“Outside the courtroom, the men’s lawyers brought them together with an awkward handshake.” [BH, earlier]
Howard would come home so stressed out that he’d go ballistic about tricycles in the driveway and toys on the floor, write Paula Szuchman and Jenny Anderson in “Spousonomics,” a geeky guide to finding marital bliss through economics. His tantrums had to go, as Howard always recognized after he calmed down. So he and his wife Jen, a fellow lawyer, sought ways to check his anger. Counting to 20 didn’t work. Nor did deep breathing. Desperate, they created a game in which Jen called out “Red Flag” whenever he looked ready to explode. “If Howard went three days without a red flag, she’d have sex with him,” the authors write. As puerile as that sounds, the game worked, restoring peace to their home and rekindling their sex life: A classic economic tradeoff, to hear Szuchman and Anderson tell it. Or was it a coup for a manipulative male? [Bloomberg]
One of the many things we’ve learned in the wake of last week’s new insider trading charges is that it wasn’t enough for former CR Intrinsic trader Donald Longueuil to betray SAC’s trust- he felt it necessary to doubly hit Steve where it hurts. In addition to (possibly) engaging in illegal activities (before and) while employed by the hedge fund, he had the audacity to wear a non-SAC approved brand of fleece, North Face, while repping the firm. Said fleece was made famous in the recording in which Longueuil tells fellow trader Noah Freeman that he stashed broken up bits of a hard drive in his zip up on the way to chucking them in various garbage trucks around the city in an effort to destroy evidence. So you’d think he’d want to wear it while the cameras were snapping away but no! Apparently Long’s a bit a whore when it comes to outerwear. Continue reading »
It probably shouldn’t come as much of a shock that the employees of a business that’s shutting down will most likely not be receiving bonuses this year but we can still allow them their pain. Continue reading »
HOW DO YOU LIKE ME NOW?
Remember John Paulson’s big trade a few years ago? This subprime business something or other? It ended up pretty well for him, netting a bunch of billions and the respect of his peers but at the time, most people who JP told about it it had a good laugh at his expense and thought to themselves, “who is this fuckin’ guy,” Paulson recounts. Continue reading »
With Rose McGowen. Continue reading »
The former CR Intrinsic trader charged last week with trading on material non-public info has postponed the big day. Continue reading »
Pop quiz: if, for some reason, your ultimate goal in life was to be the vision of a stereotypical banker douchebag, what boxes would you check off? Lacrosse player? DUIs? A coke habit? Rage problem? A love of crushing hard on Thursday nights so fierce it made you beat up your girlfriend with your lax stick while shouting “You ruined my Thursday night!”? Sovereign Bank employee Daniel Brown’s got it all covered. Continue reading »
The tech-focused fund, run by Philippe Laffont, has not been charged with any wrongdoing (nor have any employees) but they are a client of expert network Primary Global, which the Feds have taken a particular interest in, so it’s possible. [BusinessInsider]
Is there a particular co-worker you’ve been thinking would enjoy a few minutes with you on top of your desk or in the men’s room stall but were skittish about the idea of a) approaching them and b) having sex at work? Great news! According to FINS, lots of people are banging in a room just off the trading floor as we speak and they’ve got hard numbers to back it up. Use this information to make your case when offering the object of your desire two free passes to [Your Name]-ville. Continue reading »
