Deutsche Bank

He said so over the weekend. Continue reading »

Hint: think more lederhosen, less ritual sacrifice. Continue reading »

From the mailbag: Continue reading »

Cuts going down circa now. Continue reading »

From the mailbag: Continue reading »

First off, Greg doesn’t want to be famous and he says he’s “looking forward to being anonymous again.” The be-sideburned trader (in Greg Zuckerman’s The Greatest Trade Ever his ‘burns are described as “unusually long and thick” and in Michael Lewis’s The Big Short as those of a “1970s porn star”) announced this desire in a recent profile with which he not only cooperated but sat for on two separated occasions and spoke on the record, the genius of which is yet to reveal itself. Second, those hilarious “I’m short your house” shirts he had made back in ’06 when he was one of the few making hugely bearish bets on the housing market? He didn’t come up with that tag-line. “It’s juvenile. It’s funny in March of ’06 when everybody calls you Chicken Little. It’s not funny now,” he told the Observer. “It wasn’t my idea—that’s a fact, on my kids’ lives. … I definitely did not, on my kids lives. Somebody gave it to me.” Third, to those who think Lippmann comes off as “dickish” in Zuckerman and Lewis’s narratives, that’s just plain wrong. Continue reading »

To be sure, Robert Karofsky did not have sexual intercourse with the cleaning lady on his desk at 60 Wall Street (…that we know of), but you’re getting warmer. In this case, the firm’s co-head of equities, known for his “magnetic personality,” allegedly used his pole to attract a senior trader, subordinate and close friend’s wife, which apparently no one told him when he first started at DB is something that’s not done. Maybe in other offices– Morgan Stanely, where he previously worked– but not DB. Continue reading »