Max Libre co-founder and Gregg Lippmann wingman Jordan Milman has plunked down a couple million to venture into uncharted territory. Williamsburg. Continue reading »
cats and dogs living together
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MBAs
Degree From Harvard Business School Hot New Accessory For Budding Fashionistas
By Bess Levin
Time was, the MBA candidates at Harvard were by and large white boys of debatable attractiveness looking for a cushy gig at Goldman upon graduation. Those guys are still there. But know who else is too? Chicks! Good looking ones! Who don’t give a rat’s ass about working on Wall Street. What praytell are they doing at HBS? Looking to get a leg up in the fashion world. For example, former model Olga Vidisheva. This her story.
…the 25-year-old Russian model with piercing green eyes and a 24-inch waist, struts into class, her fellow students at Harvard Business School snap up from their laptops. The 5-foot-8 stunner, who loves labels like Chanel and Yves Saint Laurent, stands out in a sea of crew-cut, khaki-wearing nerds. After graduating from Wellesley in 2007, the beauty from Moscow logged two grueling years working at Goldman Sachs. “I really gave it a shot,” she sighs. Upon realizing that finance wasn’t for her, she enrolled at HBS for an unlikely reason—to get a leg up in the fashion world. She spent this past summer in a coveted internship with Chanel’s marketing department in New York and hopes to score a plum job in fashion after graduating in 2011.
And Olga’s not just some sort of freak accident. Apparently there are lots of Olga’s running around campus. Continue reading »
CNBC Reports: “New York’s street-cart vendors aren’t just low-income immigrants anymore”
By Bess Levin
They’re ex-investment bankers too!
You could be forgiven for missing the news that the Fed is now accepting as collateral securities backed by credit card debt and auto loans. It doesn’t look like a very good sign. It also makes me wonder:
What if the ratings on collateral the Fed has accepted slip below their minimum standard? Is there a covenant violation? Will the Fed liquidate? Force counterparties to buy them back?
I’m willing to bet the answer here is: “Nothing will happen.”
Is the Fed doing anything at all to scrutinize the “quality” of the ratings? What if a AAA rating is based on insurance via an (insolvent?) monoline? Is the Fed even looking at this? Do they have the ability to even if they want to?
Again, I’m willing to bet the answer here is: “No, and no.”
Dangerous times.
Fed Expands Auction, Accepts Wider Collateral [MarketWatch]
Deal Ron Paul Supporters (Human and/or Automated):
In the spirit of last-day-in-office pardons and stealing of “W” keys from White House keyboards, I have developed totally unsanctioned DealBreaker policy that will likely only last until someone notices this post.
Henceforth, my automated comment script will replace the text “Ron Paul” with a hyperlink to this image.
Thank you for your cooperation.
Is Risk Evil? Depends, Are You Formerly An Extended Member Of The Carter Administation?
By Equity PrivateIf Woody had just gone to the policeonly we hadn’t let those pesky NYSE members incorporate, none of this ever would have happened.
I do so love the pundits who yearn for the good ‘ole days when inflation was inflation and bankers were scared. The self-delusion that somehow we can do without the separation of ownership and control in financial firms and still have a globally competitive banking system is nothing if not a bit of “when I was your age” self-indulgence. So when the likes of Peter J. Solomon suggest that somehow “unlimited capital” (and where can I find that?) and a lack of “personal liability” have combined to assure “…the country’s goin’ to hell faster than when that son of a bitch Roosevelt was in charge. Too much cheap money sloshing around the world. The worst mistake we ever made was letting Nixon get off the gold standard,” well, it is difficult not to smile gently and say “isn’t that quaint?” Until you realize it is an election year and someone might just be listening seriously to such rantings. Now that’s scary. Well, since it’s in the New York Sun, maybe not so much.
Let Losers Lose [NY Sun]
