Back in August, a woman who George Soros had either conducted “a serious meaningful relationship” that lasted five years or had had an “on-again, off-again and non-exclusive intimate relationship,” depending on who you ask, sued the billionaire. Adriana Ferreyr was upset about a whole bunch of stuff, including that fact that he apparently used to make her sit at the kids’ table. The basis of her lawsuit, however, focused on the promise Soros allegedly made to buy her a “dream home” at 30 East 85th Street before “heartlessly” dumping her a few days after the contract was signed. Ferreyr was pretty pissed about the situation but, as these things go, the duo “briefly reconciled for a romantic night together” during which Jorge supposedly had the Soroses to “whisper in her ear” that he’d given the keys to her dream house to another one of his gal-pals. Adriana also claimed that after she aired her displeasure with Soros’ decision to give away her apartment, he slapped her across the face and ”proceeded to put his hands around her neck in an attempt to choke her…then allegedly tempted to strike her with a glass lamp narrowly missing though cutting her foot.” According to Soros’s lawyer, this is all fiction dreamed up by someone looking for a free ride. Continue reading »
Archive for November 2011
Confidential To Any Future “On-Again, Off-Again, Non-Exclusive” Girlfriends Of George Soros: Don’t Make Yourself At Home
By Bess Levin
October performance. Continue reading »
MF Global Collapses As Books Questioned (WSJ)
U.S. regulators are investigating the discrepancy, which relates to money from customers that couldn’t be accounted for as MF Global raced to sell itself, according to people with knowledge of the probe. The probe is at an early stage, and it isn’t clear if the money is missing or if the inconsistencies relate to sloppy bookkeeping…Because of the company’s dire condition when trading opened Monday, CME Group Inc., the owner of the Nymex and the Chicago Mercantile Exchange, blocked traders working for MF Global or backed by the securities firm from buying and selling. Some of their security cards were deactivated as they left the trading pits in Chicago. At the Nymex in lower Manhattan, three marooned traders wearing MF Global’s light-blue jackets sat off to the side of the oil-options pit with sullen expressions.
Credit Suisse Plans 1,500 More Job Cuts After Loss at Securities Division (Bloomberg)
Credit Suisse fell the most in almost three years in Zurich trading as third-quarter net income of 683 million Swiss francs ($767 million) missed the 979 million-franc mean estimate of 12 analysts surveyed by Bloomberg. Chief Executive Officer Brady Dougan, who said current volatility in the markets is “similar” to the 2008 crisis, is adding to the 2,000 staff cuts announced in July. That may make it more difficult for the Zurich-based bank to compete with larger rivals amid the European sovereign debt crisis and as the global economic slowdown crimps investment-banking revenue.
Greek Vote Threatens Bailout (WSJ)
Greek Prime Minister George Papandreou stunned Europe by announcing a referendum on his country’s latest bailout—a high-stakes gamble that could undermine the international effort to preserve the euro. A “yes” vote in the referendum could deflate the massive street protests and strikes that threaten to paralyze Greece as it tries to enact a brutal austerity program to earn rescue loans from the euro zone and the International Monetary Fund. A “no” vote, however, could bring down the government and cut off international funding for Greece, leaving the country facing a financial meltdown. The government expects to hold the referendum in January.
Paulson Received $1.5 Billion in Redemptions (II)
John Paulson has so far received $1.5 billion in redemption requests as of Friday, according to a knowledgeable source. This works out to 5 percent of the firm’s total assets of $30 billion, which are up from $27 billion thanks to strong performance in the October market rally. If Paulson does not get a sudden surge of redemptions by the Monday deadline, the total will wind up much less than many experts had anticipated. In addition, Paulson is allowing existing investors to put additional money into any of the firm’s funds, and won’t charge a performance fee until that particular fund hits its high water mark.
Occupy Wall Street Applies For Trademark (Fortune)
In an application dated October 24, the unincorporated association “Occupy Wall Street” applied for the trademark to “Occupy Wall Street.” The trademark application says the group would like to use the phrase on merchandise such as clothing and bags, in periodicals and newsletters, and on a website featuring “photographic, audio, video and prose presentations” about the Occupy movement. Continue reading »
