Zachery Kouwe

  • News

    Boiler Room Guy Said He Was a Former SEC Employee

    Boiler Room Guy was Said He Was a Former SEC Employee

    / Jun 10, 2010 at 1:17 PM
  • News

    Weidner: Crisis Commission Needs a Swift Kick in the Ass

    Wall Street Journal columnist David Weidner has some choice words for Phil Angelides and the Financial Crisis Inquiry Commission this morning. In short, he thinks the commission is just spinning its wheels, issuing worthless subpoenas and basically sputtering out. Perhaps they should take up Debrahlee’s cause.

    / Jun 10, 2010 at 11:49 AM
  • Hedge Funds, News

    Boaz Weinstein Kills it in May . . .

    May was the worst month for hedge funds since October 2008. The HFRX Global Hedge Fund Index lost 2.6 percent. Don’t tell that to Boaz Weinstein. Yeah, he might have lost $1 billion at Deutsche Bank, but that’s old news. Boaz’s Saba Capital (Hebrew for grandfather) bucked the trend in May, up 1.6 percent for the month and 5.8 percent for the year.

    / Jun 10, 2010 at 10:46 AM
  • News

    Judge Slaps Florida Ponzi Schemer with 50 Year Sentence

    Judge Slaps Florida Ponzi Schemer with 50 Year Sentence

    / Jun 9, 2010 at 5:40 PM
  • News

    Watch Out Jamie, Crisis Commission is Gunning For You

    Charles, in an “undisclosed location,” reporting:

    / Jun 9, 2010 at 3:07 PM
  • News

    Ex-Raymond James Exec Says He Was Fired For Having Cancer

    Ex-Raymond James Exec Says He Was Fired For Having Cancer

    / Jun 9, 2010 at 2:44 PM
  • News

    Feds Raid Bonanno Family Boiler Room

    Feds Raid Bonnano Family Boiler Room

    / Jun 9, 2010 at 12:21 PM
  • News

    Rajaratnam Seeks Reversal of Wiretap Ruling

    Attorneys for Raj Rajaratnam have filed a brief to the Second Circuit Court of Appeals seeking to reverse an order compelling them to turn over wiretap evidence to the Securities and Exchange Commission.

    / Jun 9, 2010 at 12:13 PM
  • News

    Goldman Faces Suit Over Timberwolf Deal

    Now, Goldman Sachs may have to deal with another lawsuit from a bunch of blokes at an Australian hedge fund. Goldman has been tussling behind the scenes with lawyers from the firm, called the Basis Yield Alpha Fund, over a $100 million slice of the Goldman-sponsored Timberwolf CDO that the Aussies bought right before the shit hit the fan.

    / Jun 9, 2010 at 11:04 AM
  • Banks, News

    Bank Lobbyists Fighting New Provision on Trust Preferred CDOs

    Turns out mortgages weren’t the only toxic assets that were packaged into CDOs. Small community banks issued billions of dollars in trust preferred securities before the credit crunch as a way to prop up their capital cushions. Problem is, the only way they could sell the so-called TruPS to investors was to bundle them up into CDOs.

    / Jun 8, 2010 at 4:49 PM
  • News

    Carl Levin is Seriously Pissed at the Swiss

    Senator Carl “Shitty Deal” Levin has blasted the Swiss government withholding the names of withholding the names of certain UBS clients suspected of opening Swiss bank accounts to evade U.S. taxes. The Swiss lower house voted today to reject a U.S.-Swiss treaty that would have turned over about 4.450 out of the 52,000 UBS clients the Uncle Sam suspects of tax evasion.

    / Jun 8, 2010 at 2:32 PM
  • News, Private Equity

    Jimmy Lee: Credit Markets are “Wide Open”

    Jimmy Lee, JPMorgan’s legendary dealmaker, just finished up CNBC’s new show, Strategy Session. Not only did he say the credit markets “are wide open,” but up to $10 billion in debt is now available for an LBO, provided it sits on top of about $5 billion in equity and is, of course, the right kind of company.

    / Jun 8, 2010 at 12:50 PM
  • News

    Dick Fuld Plotting His Comeback?

    Just as CNBC gets ready to premier The Last Days of Lehman Brothers, we learn from Roddy Boyd that the still-delusional Dick Fuld appears, at least on the surface, to be plotting a comeback. The disgraced Gorilla has, since May 6, has kept his Finra license at a tiny brokerage firm called Legend Securities.
    Never heard of Legend? Neither has most of Wall Street.

    / Jun 8, 2010 at 9:56 AM
  • News

    Panel to Lloyd: Don’t Try to Screw With Us

    It’s fair to say that members of the Financial Crisis Inquiry Commission is pissed as hell at what it thinks are efforts by Goldman Sachs to ride out their investigation. The commission’s chairman, Phil Angelides, blasted Goldman on a conference call with the media today, after announcing the panel sent the firm a subpoena for specific documents and emails.

    / Jun 7, 2010 at 4:22 PM
  • News

    Family Farm Exemption Discovered in Carried Interest Tax Hike

    Leveraged buyout and venture capital firms are steaming over a new carve-out provision for family farms inserted at the last minute into the carried interest tax hike that passed the House at the end of last month.

    / Jun 7, 2010 at 2:39 PM
  • News

    Crisis Commission Tells Goldman Sachs to Stop Delaying

    The Financial Crisis Inquiry Commission slapped Goldman Sachs with a subpoena for documents and emails the bank has failed to turn over “in a timely manner,” according to a press release from the Commission.

    / Jun 7, 2010 at 11:34 AM
  • News

    No More “You and Us” for Glenn Schorr

    We knew top-ranked UBS analyst Glenn Schorr was poking around for a new gig and today we learn he’s landed at Nomura Securities to lead their financial services coverage.

    / Jun 7, 2010 at 11:25 AM
  • Communiqués, News

    Dear Perella Weinberg Xerion Investors . . .

    Dear Perella Weinberg Xerion Investors. We were down 4.23 percent net in May, but thank God for our short on the Euro. Still, it was an “anomaly” period. Also included: Dan Arbess’ presentation at the Ira Sohn investment conference.

    / Jun 7, 2010 at 10:17 AM

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