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$$$ W.House addresses 14th Amendment on debt ceiling (Reuters)
$$$ Double A could be the new triple A (FT)
$$$ My own private island (WSJ)
$$$ Traders plan for short weekends amid Washington agony (Reuters)
$$$ Clemens Asks Judge to Bar Perjury Retrial (Bloomberg) Read more »
Someone who's got some big shoes to fill.
This is not the way we wanted to start the weekend but so be it: the dream of having Lisa Maria Falcone and her Grammy-award winning pig in our living room every week is over. Reality TV show Wall $treet Wives has been cast and our favorite hedge fund wife and her sidekick are nowhere to be found. Yes, we’re still going to give W$W a chance, but we’re not going to be excited about it. The cast list is as follows: Read more »
At least one of them is not sweating the whole debt ceiling thing and is happily buying up U.S. equities, as well as enough gold to stay on friendly terms with Ron Paul. What does worry him though is how cavalierly Nebraska regulators will go around sanctioning people for, and here’s where it gets a little murky, either (a) misleading customers about variable annuities and maybe forging their signatures a little bit, which he could see how that might look unfortunate, or (b) calling the President a Communist.
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Okay, it’s a summer Friday afternoon and it’s hard to concentrate on work, whether you’re thinking about beating the traffic out of town or just nibbling daintily on a tiny burger. But John Carney’s sources in Washington would really appreciate it if you could stay focused for a few more hours and freak the fuck out. Read more »
In a few short weeks, many financial services employees will begin the soul-crushing, life-sucking process of studying for Level I CFA exam given in December. So you that you don’t look back and realize you wasted 4+ months of your time on earth, most of you are probably hoping to pass. And sure, that’s a good goal. Cute, even. But if you want to really make a name for yourself and not be had by a would-be lawyer, you’re going to have to do better than that. Like going into labor during the exam better. Read more »
Three summer interns are about to go head to head. All are said to be of “medium build,” with two standing at about 5’11 and one at 5’5. Read more »
Apparently there are some pleasantly surprised junior mistmakers today. Read more »
Bummed that George Soros has closed his fund to outside investors and will no longer use his 2 and 20 from your cash to destroy America? The SEC has been thinking about your problem, and have come up with something that could be good both for your PA and for your love life.
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“Working for Goldman is no longer different than working for anybody else,” said one former Goldman trader who left this year. “At the same time, if you have Goldman on your resume, that’s still a premium. People are monetizing the Goldman premium now because two years from now you won’t be able to.” [Reuters]
The artist formerly known as Paul McCulley has some ideas. Read more »
