• News

    European Regulators Contemplate Temporary Ban On Financial Fiction

    With half of Europe having banned short-selling and anything that might loosely resemble it, if you think that French banks are undercapitalized then you may be seeking less traditional ways to monetize that view. One approach that you might have considered is writing a fictional account of a near-future Eurozone meltdown with real names of […]

    / Aug 15, 2011 at 2:01 PM
  • News

    Half of Europe Bans Thinking Sad Thoughts About Banks

    Short sale bans. Is there anything they can’t do? Maybe. But does it matter? If your position is just that “speculation” on stocks is the moral equivalent of puppy-murder and should never be profitable, then you just say things like “let’s ban short sales” and don’t worry about the details. You take shorting of bank […]

    / Aug 12, 2011 at 11:39 AM
  • News

    Dominique Strauss-Kahn Officially Replaced By Christine Lagarde

    There’s a new sheriff in town.

    / Jun 28, 2011 at 2:22 PM
  • News

    As Head Of IMF, Christine Lagarde Would Take No Prisoners On This Greece Business

    There will be no Mrs. Nice IMF Chief.

    / Jun 28, 2011 at 12:58 PM
  • News

    John Paulson’s Investors Were On A Boat

    John Paulson’s annual midyear investor event, held on June 7-8 in Paris, featured notable speakers, workshops on the firm’s major strategies and a dinner cruise on the Seine. Unlike the firm’s recent soiree in Las Vegas, which was held solely for investors in his advantage funds, this event was open to anyone invested in the […]

    / Jun 9, 2011 at 4:53 PM
  • News

    Christine Lagarde: Zip The Lip On Banker Bashing

    The French economy minister said it was futile to continue castigating bankers for their role in the financial crisis, arguing that attention should shift to making sure the banks returned to their core role of financing growth. “It’s time for accountability from everybody, not for bashing,” Lagarde said at a banking conference in Paris on […]

    / Mar 22, 2011 at 11:47 AM
  • News

    Fab The Fantabulous Spending ‘Me Time’ In France

    As previously mentioned, the most Fantabulous banker at Goldman Sachs, Fabrice Tourre, took a completely and totally voluntary leave of absence yesterday from his gig at the bank’s London office. He reportedly took off for France soon after the news of his involvement in the scandal du jour broke, perhaps to weep into a pillow […]

    / Apr 20, 2010 at 12:32 PM
  • News

    What? It’s Not Like We Stole It Or Something

    In the growing battle over stolen information, who can muster the most misplaced outrage? The French, for whom the ends (prosecuting tax evaders) justify the means (using a list stolen from HSBC)? Or the Swiss, defenders of the Eighth Commandment and erstwhile protectors of tax cheats from around the world? Or bets are on the […]

    / Dec 21, 2009 at 4:13 PM
  • News

    French Submit To Power Of The Internet

    The AP reports that due an upswing in suicides in France, Labor Minister Xavier Darcos has ordered all companies with over 1,000 employees to develop “anti-stress plans” to deal with pressure in the workplace. Those who fail to to so? Will have their names placed on “a list of shame to be published on the […]

    / Oct 9, 2009 at 11:00 AM
  • News

    Expensive And Beautiful Silk Panty Garments- For Everyone!

    Some stories, you just have no idea how to improve on. The irony and satire is so implicit in the fact pattern that any commentary seems somewhat strained by comparison. One struggles to unify the themes, only to find them so intricately locked in a matrix that to move them is to detract from the […]

    / May 21, 2009 at 12:28 PM
  • News

    It Is Lucky For Ken Lewis He Doesn’t Live In France

    They have no sense of humor when you try to mess with the much weakened 35 hour work week, or when you hint that they might not even get paid for that. But even against this backdrop, nothing is more acute than the French hatred of authority. True, they haven’t revived beheading, yet, but I […]

    / Apr 7, 2009 at 10:25 AM
  • News

    Look What You’ve Done

    I don’t mean to get you down but this is an issue of global importance that must be addressed immediately: The Daily Mail reports that due to the declining economy, those who would otherwise go topless on French beaches like St. Tropez are adding fabric instead of subtracting. According to Dr. Guy Fournier (obviously a […]

    / Aug 11, 2008 at 11:26 AM

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