Master of None
Recent Comments
-
Contact Us
Editorial Staff
- Executive Editor
- Bess Levin
- Editor
- Matt Levine
How Can We Help You?
- Send tips to:
tips@dealbreaker.com - For tech issues email:
web@dealbreaker.com - For advertising or events email:
advertising@breakingmedia.com - For research or custom solutions email:
services@breakingmedia.com
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com
Markets
-
Topics
AIG Bank of America Barclays Bear Stearns Ben Bernanke bonuses bonus watch Charlie Gasparino Citi Citigroup CNBC David Einhorn Deutsche Bank Dick Bové FOREX Galleon Group Goldman Sachs hedge fund managers Hedge Funds insider-trading Insider Trading Fest(ivus) 2010 Jamie Dimon John Paulson JPMorgan Ken Lewis Lawsuits Layoffs Lehman Brothers Lloyd Blankfein Made-off MBA v CFA Merrill Lynch Morgan Stanley Obama's Economic Superfriends performance Raj Rajaratnam RBS SAC Capital SEC Steve Cohen taxes Tim Geithner UBS Vikram Pandit Warren Buffett-
on the bright side, MS has reserved 49% of revenue for compensation YTD, versus 40% last year (total accrued comp +14% ytd), so as long as nothing gets fucked in 4Q, they could conceivably pay people this year.
Oh Warren, you are such a masochist. And so controversial! Of course, this was a perfect opportunity to argue for a consumption tax (or VAT if you like) that would actually be a fairer way to address the inequalities in people's standard of living. But did you do that? No, no you did not.
I also thought it was easy; I definitely scored in the top decile. I'll outperform on the afternoon exam as well. Which two behavioral finance concepts have been demonstrated in the above statements?
#1 for sure, as if you couldn't tell from the graphic arts portrait on the cover page. Also, ARS looks like a hobbit in his picture.
I remember Penn did a study that showed Wharton undergrads make less than the liberal arts students 10-15 years out. The two undergrad programs have the same cost, so the relative "value" of the degree could be said to be negative.
The wizard promised me a brain and a shiny new balance sheet!
If the government wants to write me a $700 bn check, I will gladly give back another 10% of it in taxes.
I propose more use of the word "thick" in conjunction with WB. Also "hard" and "gentle but assertive".
EP - awesome post. Putting the issue into context will hopefully help others understand what to most sounds like a no-brainer good idea.
Seriously? People didn't realize this was the main issue? The whole reason it's a "bailout" is the fact that both Paulson and Bernanke stated that the only way the plan works is to buy the securities at "something greater than market value." It would be very easy to make sure there are no such abuses: facilitate 100% of the asset sales via reverse-auctions where the tranches of assets are homogeneous. A further step would be to require private asset managers to participate to some degree. That would DAMN SURE guarantee Treasury gets a fair price. Also, anyone who read the original bill can throw "coincidence" out the window. This was designed from the beginning to be the largest Golden Parachute in the history of modern financial markets.
This jumped out at me at about 9:31am today and I freaked a little bit. I had to double check with our ETF desk because I'd never seen a dividend that large come out of these funds. SDS distributed $3.83 DXD distributed $3.65
Stock trading up on the news, at $30 right now; valuation will be based on BV after due diligence, which probably means $31+ if management was as conservative with the quarter's earnings as they indicated.
Bess, Smartest thing you've ever said. Regards, MoN
@2, 6, and 10 Button-down collars don't look great with ties, but spread collars look terrible without ties (especially with sweaters, which should be worn ONLY with button-down dress shirts). American men of the fifties and sixties (i.e. the golden age of mens' style) generally only wore spread collars if they wore a suit. While most would probably have scoffed at the idea of wearing anything BUT a suit to the office, if business casual had been around they would have laughed at any asshole who wore a spread collar with no tie. Then they would have gone to have a cocktail. At 10am. Regarding undershirts, it's very simple: You wear an undershirt if you find it more comfortable, or if you sweat. If you choose to wear one, however, it should NEVER be visible at the collar or anywhere else. In the South, where air conditioning is a relatively new technology, officemates who chose to go sans undershirt were said to be able to "keep their cool."
1) We all know that Dealbreaker is in the rumor-reporting business 2) We all know that Carney isn't as funny as Bess 3) I hear worse from CNBC, Fox News, and CNN on a daily basis (in terms of ethno-racism and bad jokes), so let's not expect a fledgling media venture to stand up to take the high ground when it comes to journalism OR compete with HBO's best writers 4) Go back to work
Better question: will the Fed will continue to take formerly unprecedented steps to keep i-banks from failing? Remember that the stability of the financial system is the #1 priority. With a freight train of corporate bankruptcies arriving in the next 6-9 months, whomever is still around will have to settle all the outstanding CDS. That will be an interesting exercise.
Whew. It's a good thing I live on Bank St. That was close.
I still say it's a pelican.
Two questions: 1. Who are you? 2. What did you do with Bess Levin?
Sounds right; I heard the high for 1st years was 80, down from 90 last year