Jon Shazar

Posts by Jon Shazar

You can do the work yourself, what with all of the new information banks will have to disclose about all of the garbage they’re hiding in them. Or you can trust that the ratings agencies will live up to the spirit of the new rule directing them to do what they say they do, rather than what’s good for them. Read more »

The sight of a big, round number gets traders so excited that they go ahead and screw it up right away. Read more »

  • 28 Aug 2014 at 3:56 PM

Poor People Like Bitcoins More Than Less Poor People

Maybe it’s because the dollar economy has been so good to the 1%-ers. Maybe it’s because they’re spending too much time on waterskies in St. Barths to worry about such things as the gold standard, the world government under Denver International Airport or cryptocurrencies. Whatever it is, not too many people pulling in $100,000-plus are getting into the bitcoin game. Read more »

With its eventual fate still up in the air, Fannie Mae is making plans for the future—by selling its famed colonial-mansion style headquarters in Washington. So if you’re in the market for 228,000 square feet of crumbling office space, or are looking to give your kids the easiest walk to Sidwell Friends ever, give Fannie a call. They may even be able to help out with the mortgage, and the Treasury Department will send welcome flowers. Read more »

  • 28 Aug 2014 at 10:00 AM

So Did Anyone Lose Any Money At MF Global?

Oh sure, obviously, the answer is yes, everyone. But Jon Corzine would like it to be noted that, eventually, it all came back and then some. Read more »

  • 27 Aug 2014 at 5:30 PM

How One IR Guy Is Spending His Late Summer

Being a U.S. Open ballboy isn’t just for kids. It’s also for late-20-something professionals like Zach Rosenblatt, who will be on the court if you need him. Read more »

  • 27 Aug 2014 at 1:02 PM
  • Banks

BNY Mellon Loses Lucrative Argentine Market

Just kidding: There was nothing lucrative at all about the Argentine market for BNY, only trouble. But Cristina Kircher & co. have been kind enough to deal with that problem for their estranged trustee bank. Read more »

Chris Rokos and his former hedge fund, Brevan Howard, agree on one thing: He was a pretty good trader. The former thinks that the latter’s five-year non-compete is a travesty of justice depriving the world of his irreplaceable skills. The latter is so afraid of those skills that it wants Rokos to sit out every one of those 1,826 non-competitive days, hoping that each one will blunt Rokos’ acumen as much as he fears.

And, indeed, the numbers back it up: Rokos was good. Four billion dollars-plus good. At least until 2012 when he lost almost $400 million and “retired” from a firm where losing $400 million is as good as a letter of resignation. Read more »