The note and the statement, which a person familiar with the situation said were left by Peregrine Chief Executive Russell Wasendorf Sr., blames the fraud on “mean spirited” regulators that dogged his firm, saying they were looking to put firms out of business rather than protect commodities investors. The statement also said that deceiving the regulators was “relatively simple.” [WSJ via BI, earlier]
explanations
In addition, Rogers went on to say he was long the U.S. dollar. “The only reason I’m long…is because everybody in the world, including me, has been terribly pessimistic. And whenever that happens you should take the other side of the trade. So I’m long the U.S. dollar, I have no confidence in it, its going to be a disaster, but as we speak I own probably more U.S. dollars then I’ve owned in years, and certainly more than any other currency.” [CNBC]
Did your firm increase base pay in the last couple years? Then you and/or the guy/girl to your right might be getting laid off. Read more »
As you may have heard, a Manhattan judge sentenced Kenneth Starr to 7.5 years in prison yesterday, for his $33 million scam that took money out of the hands of Uma Thurman, Al Pacino and Carly Simon, among others. Starr told the court that he “can’t believe what he did,” saying that he “lost” his moral compass. US District Court Judge Shira Scheindlin agreed, and went so far as to pinpoint the moment Starr lost his compass– the second he laid his eyes on the assets pictured at left. Read more »
Late last month, via a video confessional shot in her bedroom, a hooker named Monica Foster accused Lenny Dykstra of ruining Christmas. According to Foster, Nails did so by paying her for services rendered with a bad check, leaving her bank account in the negative, meaning no funds for presents. Today Nails has vehemently denied the allegation. Did he claim it was impossible for a man of his net worth (LD has said he emerged from bankruptcy with $150 million to his name, in addition to owning a business is worth at least a billion)? No. He went with something that makes much more sense. Read more »
Morgan Stanley Guy Who Committed Hit And Run Provides Pretty Legit Excuse For Faux Pas
By Bess Levin
Back in November, it was reported that last summer, Morgan Stanley financial adviser Martin Joel Erzinger, pictured, had driven over a doctor who was on his bike and then kept going, “until he reached a Pizza Hut parking lot, where he stopped and called Mercedes auto assistance to report the damage to his vehicle.” Dr. Steven Milo suffered damage to his knees and scapula, spinal cord injuries, bleeding to the brain, in addition to ‘disabling’ headaches and the possibility of multiple surgeries. The part of the story that was somewhat more shocking was that rather than be slapped with serious to quite serious charges, a court decided that for his crime, MJE would be hit with two misdemeanour traffic violations and restitution to the victim. People were somewhat outraged, to say the least. But! That was prior to hearing all of Marty’s side of the story. Read more »
Reuters reports that Ireland’s parliament has approved the 85 billion euro bailout, by a vote of 81 to 75. In related news, one Canadian posing as a Irish citizen recently offered his two cents on the situation, noting that there are four causes of Ireland’s current predicament. They are: 1) ‘greed, greed and more greed’ 2) ‘the stupid fucking government’ 3) ‘very deceitful and conniving developers’ 4) ‘wanking fucking bankers…assholes.’ Read more »
Pretty simple, really: nobody else has the skills to destroy investment banks, investor capital, etc. You think any shmoe on the corner could do that? I think not. Just like the NFL. Read more »
On a whiteboard. Read more »
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker -
You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
These five red flags may be good indications of whether the financial planner sitting across from you is someone you should trust with your money. LearnVest Planning also provides an innovative 7-step program for your money where you work one-on-one with a financial planner. To see if this program is right for you, start with a free financial consultation.
1. She Isn’t Certified
“There are a lot of good planners out there who aren’t Certified Financial Panners™,” says Samantha Vient, CFP®, of LearnVest Planning Services. “However, CFPs® are required to adhere to the CFP® Board’s standards of professional conduct.We believe it’s always a good idea to work with someone who has the CFP® designation, which is issued after completing a CFP® Board-approved personal financial planning curriculum, passing a rigorous exam issued by the Certified Financial Planner Board of Standards, meeting experience requirements and passing an ethics and background check.
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Sponsored Content
SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
We recognized early on that borrowers who have made timely payments on their loans, graduated from school, and have a job should be able to refinance their student loans at a lower interest rate. This may be why, after resuming lending by invitation, the media became increasingly interested in what we are doing.
In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products: Read more »
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