• gasparino and dog


    Caption Contest Thursday: Say Hello To Charlie Gasparino’s Little Friend

    The Fox Business reporter may have a new sidekick.

    / Feb 12, 2015 at 2:56 PM
  • SDR4_poolbar

    That's how they triangulate

    Connection To A Company Called “Yeah Baby” Not Even The Best Part Of “High School Buddies” Insider Trading Scam

    Over the past several years, much has been made about the supposed incompetence of the Securities and Exchange Commission. The regulator failed to realize Bernie Madoff had been running an illegitimate Ponzi scheme, despite more or less being told by Bernie Madoff himself, “I am running an illegitimate Ponzi scheme.” It went after David Einhorn, when it should have been going after Allied Capital, the company the hedge fund manager told them was committing fraud. Its proposal for stepping up investigators’ games was to start a Fraud College.* Until recently, it employed individuals in the office responsible for “ensuring exchanges follow guidelines concerning…computer audits, security, and capacity” who had “little or no experience with exchange technical matters.” At this point, there have been so many stories about the SEC getting things wrong that the default is to assume it fucked up, even when that is not actually the case. What’s more, even when Team Schapiro is on top of its game, resources are so strained that many scams that should be caught fall through the cracks. So you can maybe understand why a group of “high school buddies,” along with a few other guys they picked up along the way, who were engaging in securities fraud, weren’t too worried about getting caught.

    / Nov 20, 2012 at 11:49 AM
  • News

    Former Barclays Executive Jerry del Missier Not Doing Bob Diamond Any Favors

    Barclays ex-chief operating officer, Jerry del Missier, contradicted Robert Diamond, saying his former boss told him to submit artificially low Libor rates, and blamed compliance managers for failing to act. Del Missier, 50, told Parliament’s Treasury Committee today that he received an instruction from Diamond, then chief executive officer, that he took to have come […]

    / Jul 16, 2012 at 5:56 PM
  • News

    Report: Lloyd Blankfein and Gary Cohn May Not Be Splitting A Milkshake With Two Straws Anytime Soon

    Matt and Ben. Penn and Teller. Bert and Ernie. Gary and Lloyd. As those who keep up on the bromances of Wall Street know, Lloyd Blankfein and Gary Cohn are the absolute best of buds. While their relationship started out as a work thing back in 1990, when Cohn was hired as a metals trader […]

    / Apr 13, 2012 at 12:45 PM
  • Hedge Funds, News

    How To Make Your Hedge Fund A Runaway Success, By Alphonse Fletcher Jr.

    One of the most wonderful aspects of the hedge fund industry is that because it attracts the brightest minds, said minds are constantly coming up with new and outside-the-box ways of doing things. Eventually the innovation catches on and before you know it, something that might initially seem crazy eventually becomes best practice at firms […]

    / Jul 7, 2011 at 9:48 AM
  • News

    Legendary Investor Lenny Dykstra Makes A Few Predictions About The Banks Who Stole From Him, The Asses Of People Who Mock Him And Charlie Sheen

    Nails laid it all out on the table during an interview with Howard Eskin, who he last told, “I’m a lightning rod for money; after we’re done talking today when you’re walking to your car you’ll probably find 100 bucks.”

    / Feb 28, 2011 at 1:05 PM
  • News

    Danielle Chiesi Stands By Her Man

    Her man being Raj Rajaratnam, and not Bob Moffat, the guy who twice cried over Chiesi in public before accepting that she’d just been “playing” him for tips.

    / Jan 19, 2011 at 4:27 PM
  • News

    Jamie Dimon, Cover Your Ears

    Michael Barr, assistant secretary of the U.S. Treasury: “I have no idea if the president has a favorite banker or who he might be.” [HAVING SAID THAT!] “I’ve met Brian Moynihan, he’s a delightful guy. I would say that Moynihan stepped up to the table and was very involved in trying to make progress on […]

    / Aug 4, 2010 at 5:03 PM
  • News

    Lloyd Blankfein, Jamie Dimon Keep The Yuks Coming

    Without question, it’s been a difficult year and a half for Lloyd Blankfein and Jamie Dimon. While they may not have had to deal with the abysmal failures of some of their peers, they’ve had to grapple with something perhaps even more difficult: being punished for their manifold success. Peasants with pitchforks, deranged Rolling Stone […]

    / May 24, 2010 at 9:00 AM
  • News

    How Many People– Ballpark– Can Say They Saw The Housing Crisis Coming?

    According to Alan Greenspan, it’s a “a very small group,” maybe four or five people. And they’re all good friends of his. Why didn’t they cue him in on the situation? And if they did, why didn’t McG listen? He’d rather not say at this time. But while we’re on the matter of friends, one […]

    / Apr 5, 2010 at 12:05 PM
  • News

    Another Obama/Banker Lunch Date Scheduled For Monday

    The President is set to meet Monday with a bunch of “top bankers” to talk shop, for the third time this year. Will Jamie Dimon get priority seating next to BHO, given the president’s (deep, burning) feelings for the JPMorgan CEO? Will JD bring another fake check to lighten the mood, or crack any sort […]

    / Dec 8, 2009 at 5:41 PM
  • News

    What Do Tiger Woods And Lloyd Blankfein Have In Common?

    The premise of this article is that both have run into PR debacles, as a result of their huge egos. But surely there must be more? So far we’ve got: * Both leave shady voicemails for their bitches * Both work for organizations that pride themselves on being bastions of elitism– one excludes Jews, the […]

    / Dec 7, 2009 at 11:40 AM
  • News

    Caption Contest Monday

    Raj-Raj and Hank Paulson yuk it up at a business and technology conference, November 2004. [via]

    / Oct 19, 2009 at 9:25 AM

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