Zachery Kouwe

  • News

    Does Dick Fuld Know How to Answer Questions?

    Apparently not. The former Lehman CEO devolved into long soliloquies about the history of the bankrupt firm, took long pauses and seemed generally delusional in his testimony in front of the House Financial Services Committee this afternoon. Here’s a recap of Fuld’s bizarreness: The most peculiar answer: “We were risk averse,” Fuld says in response […]

    / Apr 20, 2010 at 5:40 PM
  • News

    Judge Jed Approves Schottenfeld Settlement

    Federal District Court Judge Jed Rakoff has approved the SEC’s settlement with Schottenfeld Group, a trading firm that once employed three traders charged in the Galleon insider trading case. The settlement seemed shaky after Judge Jed requested more information from the SEC about how regulators came up with the $460,475.28 they say Schottenfeld needs to […]

    / Apr 20, 2010 at 12:55 PM
  • News

    SEC Nears Settlement in Pequot Insider Trading Case

    On the heels of the SEC’s action against Goldman Sachs, Wall Street’s top cop is nearing the conclusion of a high-profile insider trading case that has simmered for over five years. According to several sources close to the case, the SEC is in final negotiations to settle insider trading charges against Pequot Capital Management, over […]

    / Apr 20, 2010 at 10:20 AM
  • News

    Dick Fuld Has Never Heard of Repo 105

    Dick Fuld plans to testify that not only did the infamous “Repo 105″ transactions play no part in Lehman’s bankruptcy, but they were so immaterial that he never knew about the accounting treatment until the bankruptcy examiner unearthed them. In his prepared testimony, a copy of which was obtained by Deal Journal, he said the […]

    / Apr 19, 2010 at 4:15 PM
  • News

    SEC Split 3-2 on Whether to Sue Goldman

    Looks like the SEC is as divided as Congress. The decision to file charges against Goldman was split right down party lines with the two Republican commissioners voting against the SEC’s staff recommendation to file suit. Update: Goldman shares up nearly 2 percent on the news.

    / Apr 19, 2010 at 3:07 PM
  • News

    Goldman Issues Another Response, Sets Up Fab as Potential Fall Guy

    Goldman Sachs just released its most detailed response yet against the SEC charges. While it appears the firm is digging in for a fight, don’t count out an eventual settlement of the suit, most likely right before it goes to court. Goldman would probably rather pay the fine and move on rather than have all […]

    / Apr 19, 2010 at 11:35 AM
  • News

    Caption Contest Monday

    Lloyd and Laura Blankfein sighting over the weekend, as “spotted” (i.e. stalked) by Bloomberg TV on the Upper West Side.

    / Apr 19, 2010 at 9:10 AM
  • News

    Feds Wouldn’t Let Chiesi Take a Shower

    Not only did the F.B.I. fail to read Danielle Chiesi her Miranda rights before arresting her last year, they didn’t let the young lady take a shower and told her what clothes to wear before being perp walked in front of the national media.

    / Apr 16, 2010 at 5:08 PM
  • News

    Raj and Rajat’s Fancy South Asia Hedge Fund

    A month before joining Goldman’s board, Rajat Gupta began marketing a $2 billion hybrid private-equity and hedge fund vehicle called Taj Capital Partners with one of Goldman’s biggest hedge fund clients, Raj Rajaratnam. According to the fund’s marketing documents, obtained by DealBreaker from an investor, most of the $1 billion allocated to the hedge fund […]

    / Apr 16, 2010 at 3:26 PM
  • News

    Paulson Responds to S.E.C. Charges

    Robert Kuzahmi – head of the S.E.C.’s Enforcement Division just said from a conference in New Orleans that Paulson & Co. was NOT involved in the disclosure violations he has alleged Goldman Sachs engaged in. NEW YORK, April 16 /PRNewswire/ — Paulson & Co. Inc. has the following statement in response to the SEC’s complaint against Goldman […]

    / Apr 16, 2010 at 2:27 PM
  • News

    Sheila Bair is One Tough Cookie

    Emails between the Office of Thrift Supervision and the FDIC over the issue of who can do what with regards to Washington Mutual in 2008 are particularly fierce. Carl Levin, chairman of the subcommittee investigating the collapse of WaMu, called it a “turf battle.” At the Senate hearing today, John Reich, former director of OTS, […]

    / Apr 16, 2010 at 1:24 PM
  • News

    Goldman Responds to Charges

    NEW YORK–(BUSINESS WIRE)–The Goldman Sachs Group, Inc. (NYSE: GS – News) responds to a complaint filed by the SEC today. The SEC’s charges are completely unfounded in law and fact and we will vigorously contest them and defend the firm and its reputation.

    / Apr 16, 2010 at 11:58 AM
  • News

    Goldman News Tanks Markets

    A Goldman source tell us: “This will shake the market to the core. Here comes the double dip,” Dow is already down over 100 points and Goldman shares are off 12 percent. “They’ve charged a know-nothing VP, but this goes all the way to the top and they know it.”

    / Apr 16, 2010 at 11:40 AM
  • News

    View the Goldman, S.E.C. Complaint

    Paragraph 18: Goldman Sachs VP Fabrice Tourre sends an email to a friend referring to himself as “the fabulous Fab.”

    / Apr 16, 2010 at 11:00 AM
  • News

    Rattner Gets Rammed by Former Firm

    Steve Rattner, the former car czar and founder of Quadrangle Group, just got run over by his former firm. After settling this morning with Andrew Cuomo and the SEC., Quadrangle issued a statement saying “we wholly disavow the conduct engaged in by Steve Rattner, who hired the New York State Comptroller’s political consultant, Hank Morris, […]

    / Apr 15, 2010 at 1:56 PM
  • News

    Goldman Director in Galleon Probe

    Earlier this week, we told you prosecutors were examining trades made by Raj Rajaratnam in dozens of stocks that were previously undisclosed in the vast insider trading investigation. On the list were shares of Goldman Sachs, which Galleon allegedly traded right around the height of the financial crisis. Today we learn from Susan Pulliam of […]

    / Apr 15, 2010 at 9:50 AM
  • News

    Dimon: Kerry Killinger is Full of It

    Jamie Dimon had some choice words for Washington Mutual chief Kerry Killinger on JPMorgan’s earnings call today. In short: JD, never one to mince words, disputed Killinger’s assertion at yesterday’s Congressional hearings that a special club of Wall Street execs got bailed out while WaMu got shafted. “I am unaware of any club,” Dimon said […]

    / Apr 14, 2010 at 4:01 PM
  • News

    Corporate Brawl – Japanese Style

    Fujitsu, the Japanese tech company, has taken to the public airwaves to defend itself against charges that at forced its former president Kunaiki Nozoe to step down last September over unfounded allegations he was involved with the Japanese mafia. In what has turned into some nasty corporate fisticuffs, Nozoe has publicly accused Fujitsu of canning […]

    / Apr 14, 2010 at 2:21 PM

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