Over at the Wall Street Journal today you will find a “Where are they now?” round-up of what “The Cast of the 2008 Financial Crisis” has been up to of late. Most of the entries mention books (Paulson, Geithner), current jobs on Wall Street and with the government (Thain, Bernanke, Steel, Dimon, Weinstein, Paulson), low-profiles and responses of “No comment” (Cayne, Mozilo, Fuld, Diamond). While lawyers for former BofA chief Ken Lewis did not get back to the Journal, “someone” close to the guy did offer this delightfully quaint update, which actually sounds like it was intended for his college’s alumni magazine or the Lewis family newsletter. Read more »
Losing Any Credibility Whatsoever Not Such A Bad Thing For Ex-Bank CEO Who Wanted Nothing More Than The Time To Curl Up With A Good BookBy Bess Levin
Well, yea, with an assist from deregulation, the juvenile trading culture and some oversight that left a few things to be desired, according to the book we can now all turn to when we need a laugh at the man from Calgary’s expense.
An upstate woman accused of running a lucrative Upper East Side brothel and boasting of law-enforcement connections was sentenced on Tuesday to six months in prison after weighing a last-minute decision to fight the case in court. Attorneys and family for Anna Gristina said she considered withdrawing her Sept. 24 guilty plea to promoting prostitution up until the moment she agreed to accept the sentence handed down by Manhattan Criminal Court Judge Juan Merchan. “It was a very difficult decision, and until the penultimate moment, it was an open question on whether she would elect go to trail,” said attorney Norman Pattis. Gristina, who was once dubbed the “Manhattan Madam” and the “Soccer Mom Madam,” will not have to serve any jail time, getting credit for four months she served at Riker’s Island because she could not make the initial $2 million bail…As she left the courthouse, Gristina told reporters that she plans to write tell-all book and called the Manhattan District Attorney’s office “more corrupt than the mafia.” Gristina’s case received extended media coverage following her February arrest amid an unconfirmed belief she had guarded a client list of recognizable and powerful figures in politics, sports and banking. Her lawyers had argued she was being “vindictively prosecuted” because she refused to provide investigators with the names of five well-connected male customers, who weren’t identified. [Metropolis]
German Hedge Fund Manager Who Fled To South America And Lived Under An Assumed Name For 5 Years To “Find Meaning” In His Life Has Learned A Few ThingsBy Bess Levin
The bits of wisdom Florian Homm picked up during his stay in Colombia, where he was getting some “me time” and not trying to distance himself from angry investors whose money he’d lost, can be found in the book he wrote about living underground (“Kopf Geld Jagd”), which he hopes will be a “hard-core wake-up call” readers who are “trying to get a second Mercedes and a bigger boat.” For those who can’t wait for the English version, from an interview with the Times we learn: Read more »
Husband’s Lack Of Interest In Recreating 50 Shades Of Grey Scenarios Straw That Broke The Camel’s Back For British BankerBy Bess Levin
The couple is getting a quickie divorce that should be wrapped up shortly, if you know anyone both familiar with the plot lines and interested. Read more »