A lot people would probably tell you that bond investor Jeffrey Gundlach’s awesomeness stems from the staggeringly impressive sex toy and porn collection he kept in his office at TWC before he was fired/quit last year (itemized here). And while being Wall Street’s foremost dildo collector and having the entire Dr. Fellatio series, as in volumes 1-16, on hand is certainly something to admire someone for, it’s not actually the attribute that defines Gundlach or makes him stand out from the pack. Arguably, JG’s most defining characteristic– the one that just makes you want to squeeze his cheeks– is how much Jeffrey Gundlach loves himself some Jeffrey Gundlach. Continue reading »
Justice Department
According to an updated federal filing on Monday, the Justice Department has taken an interest in the split between investment firm TCW Group and its former CIO, Jeffrey Gundlach. While DoubleLine has confirmed that “some employees and former employees have been interviewed by the office of the U.S. attorney in Manhattan” and TCW has confirmed it received a subpoena and was informed “it is the victim in this particular matter,” it’s unclear exactly what aspect of the breakup the government is suspicious about. With so much to choose from it could be a) “the alleged theft of TCW’s information” by Gundlach, who left to start DoubleLine LLC b) whether or not government information related to a PPIP fund TCW dropped out of after Gundlach departed was “compromised” or c) if the items found in Gundlach’s office after he quit/was fired constituted an unfair edge, which they very well might have. To refresh, these items included:
DVDs:
Asian Office Sluts
Weapons of Ass Destruction Continue reading »
As was expected, the Justice Department announced just now that is has charged 500 people in its “largest-ever crackdown on scam artists.” According to officials, the losses cost victims millions in some cases with the total tab coming to $8.3 billion “These are staggering, staggering numbers,” Attorney General Eric Holder said. But you know what hurts more than the money? The lost of trust. Never again will these people be able to believe a money manager when he promises huge ass returns or when he says he has no idea why that tramp was sending him nude text messages. Thus, the name of the 3.5 month long investigation was appropriately named: Operation Broken Trust. Continue reading »
Looks like Raj Rajaratnam’s complaints about leaks coming out of the Justice Department have not fallen on deaf ears. Raj’s attorney announced today that he has been informed by The DOJ’s Office of Professional Responsibility that it has opened an investigation into alleged leaks by the FBI and the U.S. Attorney’s office to the Wall Street Journal and other news outlets.
The Securities and Exchange Commission’s Inspector General, David Kotz, is also probing alleged leaks from the SEC about the Galleon case as part of his broader investigation into information that appeared in various news outlets before the announcement of the SEC’s charges against Goldman Sachs. Continue reading »
And you thought antitrust had no surprises left in it. Far from it. Even the threat of extended reviews (six to nine months in this case) is still enough to blow a chilly breeze over the swollen nether regions of about-to-merge firms. In fact, Mom’s sudden appearance at the door (“I thought you were going to the mall!”) can drain the blood from the hottest deals- leaving one party or another pleading for another shot (“I’ll even cuddle after this time. For ten minutes! I promise!”) but often to no avail.
IBM is no longer interested in buying smaller rival Sun Microsystems Inc at any price, due to concerns that such a deal would draw intense regulatory scrutiny, CNBC reported on Thursday.
Citing sources close to Sun, CNBC said the high-end computer maker had approached International Business Machines Corp earlier this week to ask it to return to the negotiating table, indicating that Sun would be flexible about price.
Sorry Sun. We understand cold showers help.
IBM not interested in Sun at any price: report [Reuters]
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
