“I am really honored, frankly, to have played such a big role in hopefully, hopefully, getting rid of this issue,” Trump told reporters, his helicopter sitting behind him. He said he still wants to see the birth certificate, released while he was en route to New Hampshire, but now wants to talk about weightier issues such as oil prices. [ABC]
Barack Obama
According to White House spokesman Robert Gibbs, the nap lover’s impending departure, and those of others on the economic team, is “not a surprise…there will be people who have worked enormously hard over the past few years to make decisions to go back to doing what they did before joining the administration,” such as consulting for DE Shaw and/or taking Harvard back to its all-male roots. [Bloomberg]
Jimmy Cayne Pleased To Hear Word Of Ex-Bear Co-President Warren Spector’s Possible Love Of Obama/Dudes
By Bess Levin
As you may have heard, Charlie Gasparino’s latest book is out October 5. It’s called “Bought And Paid For: The Unholy Alliance Between Barack Obama and Wall Street.” As you may have also heard, Jimmy Cayne is a major fan of describing every one of his opponents as a homosexual. The former Bear Stearns CEO told William Cohan Tim Geithner was a glorified gay office clerk and he described the lawyer of an an investor who sued Bear Stearns in 1996 for negligence and a breach of fiduciary duty as “a 300-pound fag from Long Island,” who Cayne confronted in the bathroom of the courthouse, while he was taking a piss, by saying “Today you’re going to get your ass kicked, big” (the attorney ran out of the room, confirming JC’s suspicions he was a fairy boy). Where does “the unholy alliance between Barack Obama and Wall Street” and conservative Jimmy Cayne’s interest in what other men do with their dicks converge? In Charlie Gasparino’s fourth contribution to literature and understanding, of course. Continue reading »
Paul Krugman: Dan Loeb & Co Are Mad At Obama Because They’re A Bunch Of Petty Little Rich Boys
By Bess Levin
Last Friday, Third Point founder Dan Loeb released his latest quarterly letter, in which the Third Point founder redirects the feelings he once had for Ken Griffin on the current administration. Paul Krugman read it and he’s pretty sure he knows why Loeb and, for that matter, all the other financial services employees who donated to Obama’s presidential run have lately been switching teams. Sayeth the Professor:
…they went for Obama because he seemed like their kind of guy, then turned on him with a vengeance because they think he’s looking at them funny. Based on what I know, that’s about right. I talked to some financial-industry backers of Obama back during primary season; they really didn’t know or care much about policy issues, but were in love with Obama over his style — and also over the prospect of being in his inner circle, something they knew wouldn’t happen with Hillary. Now they’re mad because they don’t feel that they’re getting enough stroking.
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Dan Loeb Breaks Out The American History Text Books For Q2 Letter
By Bess LevinFirst, the numbers.
Now: the real talk. Spoiler alert: Professor Loeb is not happy with a certain someone in Washington, who is about to experience what it feels like to be Ken Griffin. Continue reading »
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