Sledgehammer

Recent Comments

  1. 1
    Posted 2008-05-12 14:23:25 on Bear Stearns Forex: Notices Go Out From JP Morgan

    This department didn't stand a chance with the merger. As an aside, JPM has already established several layers of JPM mgmt over Prime Brokerage (which it has said they plan to keep largely intact). Although this makes things far less efficient, it would be indeed a sight to see the old Bear PB honchos having to kiss the asses of their new masters.

  2. 2
    Posted 2008-05-07 10:19:06 on Citi Absolutely Not Kidding Around Anymore

    they might be up all night but that doesn't mean that they ever get any shit done over there

  3. 3
    Posted 2008-05-02 11:29:34 on Good News For Financial Humor

    The fact that this has gone on for as long as it has proves one thing: The US and many other nations don't give a flying fuck about Africa

  4. 4
    Posted 2008-04-24 15:48:54 on OK, Union Bank of Don Rickles, How’s This For Comedy: Your Stock’s Down 24% YTD

    UBS still, for some reason, has a hiring mandate in Prime Brokerage. From speaking with existing staff in PB and elsewhere, they are expecting a sh!tload of layoffs.

  5. 5
    Posted 2008-04-24 10:53:29 on The Swiss And Disaster

    The Swiss are nothing if frugal. It is a Calvinist principle that there is an entrance fee to heaven to keep the riff-raff out.

  6. 6
    Posted 2008-04-04 10:42:37 on LOL? More Like ROFLMAOWPIMP!

    It was a strange event. JPM crew led by Neil Sherman and Steve Black and some other guy who spoke only once (Hernandez?). Seething anger amongst feeble attempts at bonding. Bear crew led by Mike Minikes. Lots of HFs represented and a lod of Bear PB Sales and Relationship Managers shitting their pants. Minikes is trying to get everyone to stay but most have one foot out the door.

  7. 7
    Posted 2008-02-13 11:21:32 on Bear Stearns & Ralph Cioffi: They’re Still Friends

    with friends like that who needs enemies?

  8. 8
    Posted 2008-02-12 15:53:48 on Who Is The Biggest Asshole On Wall Street?

    Bear does bring out the asshole in people but that guy mentioned above is the real thing.

  9. 9
    Posted 2008-02-06 12:42:51 on The Three Scariest Words In Risk Management.

    It is astonishing that Germany managed to hold France with so few divisions considering that everyone who wasn’t draining Germany’s resources by the clever maneuver of surrendering en masse and forcing the Germans to feed them was vigorously and bravely engaged in the Resistance. Is there a village without a Place de la Resistance? But one has to be fair: one has to understand the Gallic notion of resistance. Any hotelier who overcharged a German was in the Resistance. Each whore who gave a German soldier the clap was a freedom fighter. All those who obeyed while viciously withholding their morning “bonjours” were heroes of liberty. They are a ridiculous people, just as one must confess that the British are bungling, the Italians incompetent, the Americans neurotic, the Germans romantically savage, the Russians barbaric, the Arabs vicious and the Dutch make cheese. Take the particular manifestation of French ridiculousness that makes them attempt to combine their myopic devotion to money with their pursuit of phantom gloire. The same people who willingly dilute their burgundy for modest profit willingly spend millions on the atomic contamination of the Pacific Ocean in the attempt that they will be seen as technological equals of the Americans. Sadly for their image abroad, the rest of the world views their actions as the ludicrous egotism of the amorous ant climbing a cow’s leg assuring her that he will be gentle.

  10. 10
    Posted 2008-01-16 13:40:25 on Caption Contest Wednesday: I Stroke My Beard As If To Say, “Yeah, I Know Shit”

    "let me tell you where my hands are and then i will tell you where yours should be and then we can get started"

  11. 11
    Posted 2008-01-09 14:54:44 on On The Money

    you wouldn't kick her out of bed if she was eating crakers....even if Crackers was your dog.

  12. 12
    Posted 2008-01-09 14:44:30 on Someday, All Of Wall Street Will Be A Museum

    huckseed....very nice, Carney

  13. 13
    Posted 2008-01-09 10:17:01 on Bear Stearns Makes It Official: Cayne Stepping Down Immediately, Schwartz Gets Top Job

    typical bear - don't reinvest in the product and personnel while your competitors take your territory

  14. 14
    Posted 2007-12-20 17:24:35 on Citadel Denies Bank Of America Deal From Behind A Veil Of Anonymity

    Citadel bases everything in their dealings with the outside world on what works at Citadel. They have already struggled to get things up and running for Citadel Solutions and should have just as brutal a time with PB

  15. 15
    Posted 2007-12-20 16:44:35 on Bear Stearns: Toxic Counterparty?

    anyone hear rumblings about Molinaro taking the helm at Bear? This would be making a shitty situation even shittier