memories

  • 13 May 2014 at 3:11 PM

Bill Gross Not Yet Ready To Let A Certain Someone Go

Last month, Pimco deputy chief investment officer Scott Mather announced that the “new normal,” a phrase created by Pimco founder Bill Gross and former CEO Mohamed El-Erian, was no longer. “Our view is that what you’ll see in next the few years is we’re going to head back to a new destination,” Maher said in an interview with Bloomberg Surveillance. It was assumed that Maher made the proclamation with the full backing of Gross, and, what’s more, that it came about as a result of Gross’s feelings for his collaborator El-Erian, who quit in February and who Gross, after a series of outbursts regarding the departure, was ready to declare dead to him, along with the phrase. Apparently, though, Maher spoke too soon. Read more »

  • 06 Jan 2014 at 12:20 PM

SAC Fleeces! Get Yer SAC Fleeces!

Want to cloak yourself in a piece of history? Freezing your ass off and simply need some extra layers? Looking for a great gag gift for your buddy Richard Choo-Beng Lee? Trying to find costumes for your one-man community theater production of Temptress, Thy Name Is Black Edge? Desperately seeking something to wear that’s guaranteed to get you out of Martoma jury duty tomorrow? Consider today your lucky day. Read more »

Waxing nostalgic for the dearly departed brokerage firm? Don’t have any connection to the place or sentimental feelings for it whatsoever but in need of a new wardrobe? You’re in luck. An online auction of MF Global “memorabilia” is being held through Wednesday and all shit must go! Read more »

Dick Fuld: “The Bros Always Wins”

As previously mentioned, if one were inclined to relive the fall of Lehman Brothers, one could do so via the bankruptcy documents that were recently made available online. There you’ll find, among other things, countless examples of what has been said so many times since September 15, 2008, which is that it’s amazing how delusional those at the very top were, vis-à-vis the firm’s solvency/what people thought of it/everything. Also worth marveling at? The fact that Lehman lasted as long as it did with what appear to be barely literate troglodytes running the place. Read more »

Want to feel close to Jon Corzine but can’t bring yourself to tell people you live in Hoboken? Rather than buying his NJ love shack, perhaps consider placing a bid on a ’87 Jaguar he supposedly once owned and is now on the eBay auction block. Read more »

As you may have heard, the Federal Reserve is now releasing transcripts of its FOMC meetings, in an effort to be open and honest with the public about what it is they do all day. Out this morning are the minutes from 2006’s get-togethers and one thing that stands out is how much fun these guys are having without us! In fact, they spent most of 2006 in stitches, as evidenced by the amount of material The Economist was able to compile under “comments from the Federal Open Market Committee meetings which resulted in laughter.” They’ve got their beard jokes (Mr. Poole: “Okay. Mr. Chairman, it is a great delight to see a 200 percent increase in the number of beards around this table. [Laughter]“), their penis innuendos (Chairman Bernanke: “Still pretty large. [Laughter]“), and their deep nerd humor (“Again, within the normal errors of Okun’s law—despite its name “law,” it’s a pretty loose empirical relationship [laughter]“). But the biggest laugh riot which still holds up today and unquestionably has Alan Greenspan pissing his pants in laughter as he reads it at home? Read more »

She told clients in London. She also typed up a note. She even emailed it to herself. But she didn’t send it to anyone else, because after seeing how she’d moved markets with her Citi call and the magnificence of her influence, the idea of being responsible for putting Bear out of business made her hesitate. Read more »