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investors are fighting over crumbs.. again
that conversation was not illustrative of a neg. other than that, I have no concerns.
thanks and yes. jesus.
I had forgotten about that picture/post/the ensuing comments until just now. one of my all-time favorites.
your "buddy over at Centaurus" should get his own material.
you should always consult a doctor before going off your meds.
your comment, and not OB, was posted an hour after the markets open. glad you finally got around to it, you lazy bitch.
How's the newly-arrived Sempra crew performed so far?
All jokes aside, good to see Paul Calello looking well. He's the slightly blurry gentleman on the right of Bob Diamond.
I hate these pirates from downunder.
Wasserstein probably thought he deserved the big pay cheque because he took out Michel David-Weill and IPO'ed Lazard and made all the Lazard partners rich. He probably complained he didn't get the cheque sooner because of Lazard's weak financial position immediately after the IPO. No one else could have shift David-Weill without destroying the firm. So in that sense, yes, I think "Bid'em Up Bruce" deserved the big pay cheque. The pre-Wasserstein era partners probably thought their shareholdings and profit share got diluted significantly since his arrival because Bruce brought in his old gang from Wasseralla and Dresdner. If you asked me, this was the killer move that toppled David-Weill. But what I found most interesting at the time was many purported David-Weill Paris Loyalist partners supported Wasserstein when the vote for IPO was called. Bruce also had most of the directors in his pocket anyway. He appointed most of them. So call it a corporate governance conflict if you like.
10 minutes of a smiling Rick Santelli is really creepy.
@WRichards I love how you pretend to be a hard-core capitalist, but the second somebody suggests a capitalist solution (e.g. bankruptcy for insolvent banks) you ridicule them.
@4 Would assume a default would cause us to fork over much *MORE* billions. Not sure why you think defaulting would improve our position...
@12 "ubiquitous"?
@anal_yst "beautiful day"?? you can't be talking about nyc today...
Umm...what exactly does this have to do with Blago? Because he's from Chicago? And the city has internships???!!! What a pointless post.
"I'm sure I'm not the first to say it, but I'm the one saying it right now: Unfortunately, it's time to wind AIG down." Wasn't this the plan from the beginning?
real question: can IL complete the three-peat of governors in jail on corruption? let the nominations begin. i start with tony rezko for gov.
"If we no longer do that, we're at the will of foreign importers in whole, who can set their price points without regard (well, kind of)." Right. Just like toys and clothes, where those damn Chinese and Vietnamese have us at their mercy. Its tough to find a cheap pair of socks these days.