Zee French are considering some sackings in the new year. Read more »
amazing life trajectories
This news brought to you by former International Monetary Fund chief-turned-alleged aggravated pimp Dominique Strauss-Kahn.
If It Makes You Feel Any Better, Jon Corzine Did Plenty Of Field Research Before Gorging Himself On An All-You-Can-Eat Euro Debt BuffetBy Bess Levin
…on October 15, two weeks before MF Global filed for bankruptcy, Corzine and his wife, Sharon Elghanayan, were at a birthday party in Paris talking about a château they were about to buy in the South of France. “It’s not in Cap Ferrat,” one person recalls Elghanayan saying, perhaps to mitigate the extravagance. “To buy any decent château is at least a couple of million euros,” explains another person who was at the party, “and that is before the renovation with the air-conditioning and the new kitchen. Sharon was very excited. She said she was flying down there on Monday morning.” [Vanity Fair]
Cuts going down circa now. Read more »
“Standard & Poor’s accidentally released a message to some of its subscribers on Thursday saying that it had downgraded French debt from its top AAA rating. S&P said it was investigating what had gone wrong and stressed that France still had an AAA rating.” [BBC]