can’t breathe I’m LOL’ing so hard

Quick story or not so much a story but a pet peeve I’ve never gotten off my chest: I hate when people use the nickname “Stevie” when referring to hedge fund manager Steve Cohen. It’s like nails on a chalkboard when anyone says it but particularly when deployed by total strangers creating false intimacy with the guy, as though they’re boys and/or they just finished sucking Cohen off. For her part, Mrs. Cohen is also said to be irked by the moniker, as she finds it childish. Having said all that, I’ve never taken someone to task for the offense* and, presumably, the Missus hasn’t either or at least not in the spectacular form demonstrated by Cohen’s lawyer. Earlier this year, the SAC Capital manger sat for two days of deposition, which was recently unsealed, as part of a lawsuit filed in 2006 by Canadian insurer Fairfax Financial against a group of hedge funds that included SAC. At one point, Fairfax’s lawyer Michael Bowe addresses Cohen as “Stevie,” and in response, Martin Klotz, the attorney representing Steve and SAC, goes absolutely ape shit. Read more »

  • 06 Jul 2011 at 4:11 PM

Dick Fuld Has A Message For Wall Street

It could also be interpreted as the greatest veiled threat since Angelo Mozilo said Bank of America “will reap the benefits of what [Countrywide] has sowed.” Read more »

Toward the end of the Raj Rajaratnam trial, the Galleon founder’s lead attorney John Dowd told reporters this would be his last case, noting that defending alleged insider traders is “a young man’s game.” At the time, we didn’t think it any great loss. But after he was asked by a CNBC camera crew if he wanted to give a comment and told them “Get the fuck out of here. That’s what I’ve got for CNBC,” we started to wonder if perhaps we’d been wrong to let him go without a fight, a feeling that only grew when, following Raj’s guilty verdict, Dowd declared the outcome a “23-14″ victory, for the defense. Then this morning we read the email he fired off to a Wall Street Journal reporter whose coverage of the Galleon trial Dowd believed was slanted in favor of the prosecution and have decided there is no way in “sucking Preet’s teet” hell we can allow this guy to bid us adieu just yet. Read more »

Are you sick of the relentless pussification of Wall Street? Does it just burn you up inside that the majority of your co-workers consider eating 8 items from the vending machine over the course of 12 hours a challenge, which most of them would fail miserably and not be put in a burlap sack and beaten? Do you want harken back to a time when instead of being asked to participate in some dinky little JPMorgan 5k “challenge” or harangued into taking a Pilates class with one of your colleagues and getting your nails done after, you were going around the office signing people up for a feat of strength involving rolling around in the dirt, being lit on fire, and possibly dying? You’re not alone. Read more »