Jon Shazar

Posts by Jon Shazar

  • 01 Oct 2014 at 12:41 PM

People Are Not Paying Enough Attention To Larry Summers

So the big guy will do what it takes to make people pay attention to him. Even if that means contradicting himself by calling into question (a) policies he presumably had a hand in crafting back when he was telling President Obama and his old buddy Lil’ Tim Geithner how to run the economy and (b) policies he’s championed since heading back out into the real world to make some money. To wit: His former protégé should not have spent all of that time undermining what Ben Bernanke was doing by issuing all of that long-term debt Larry called for to pay for bridges and airports and whatnot. Read more »

John Paulson Doesn’t Want To Run A Mutual Fund, But…

John Paulson’s strategies are pretty complex, if he may say so himself, as he does. So if he had his druthers, he’d stick with making money (and occasionally losing money) for investors as savvy and sophisticated as he is.

The only problem is, some of those savvy and sophisticated investors are getting a little uppity about little things like $2.3 billion paychecks and 2/20 for sub-S&P500 returns and the like. Well, hear this: If institutional investors don’t want to pay John Paulson, John Paulson will find someone else who does. Read more »

  • 30 Sep 2014 at 4:40 PM

Careful Grooming = Respectability For Bitcoin

A couple of Swiss Adonises have shed their tin-foil hats to reveal perfectly-coifed hair (or no hair at all, which is a kind of Teutonic perfection in and of itself). This, combined with their robot-like Swissness, apparently means that we can all stop clamoring for francs and start filling out instawallets, according to Bloomberg. Read more »

  • 30 Sep 2014 at 3:30 PM
  • Banks

Benjamin Lawsky Shows The Limeys How It’s Done

Let a financial wrongdoer off scot-free? That wouldn’t be good for New York Financial Services Superintendent Benjamin Lawsky’s future political career, and so it is not how New York Financial Services Superintendent Benjamin Lawsky operates. Now, unlike certain lazy, weak-willed, tea-drinking regulators, Benjamin Lawsky can’t put anyone in jail. But that doesn’t mean he’s going to let any Wall Street scofflaw escape responsibility, even if it is the easy way out. Read more »

Read on and learn, well, basically nothing that you could not have intuited. Read more »

  • 30 Sep 2014 at 1:45 PM
  • Banks

BofA Kinda Forgot That Structured Notes Mature

Ah, 2009: Heady times at Bank of America, what with Merrill Lynch being dropped (/forced) into their lap and all. Still, it does seem rather a big oversight to have failed to account for the fact that bonds and options, you know, don’t last forever—and then to have missed it for four years and almost $4 billion. Read more »

This and other conclusions were reached by a not-so-top-secret report commissioned by his successor at the New York Fed. Other conclusions: the regulator could stand to start speaking up, having useful ideas, not being afraid of Goldman Sachs. Read more »

Greenwich Man Turns 60

Sure, Paul Tudor Jones got a bit of an early start to the celebrating earlier this month with a serenading by Bon Jovi, but the Greenwich Daily Voice reminds us that the Tudor Investment Corp. founder, former documentary film star and, most importantly to GDV readers, Halloween party and Christmas light show impresario was actually born 60 years ago yesterday. Read more »