Penn State

  • News

    Eliot Spitzer Is Willing To Suspend Judgment Before Determining Whether Or Not The New York Fed Let Barclays Molest Young Boys

    Maria Bartiromo: Tim Geithner apparently flagged the problem 5 years ago. Why didn’t he do more about this? He basically called the Bank of England and said he was worried about the approach in terms of Libor, that they needed to change it. Did he do enough?

    Eliot Spitzer: Look I think it would be preemptory to say one way or the other. This is something that needs an awful lot of examination. I think the fact that he knew in ’07, sent a memo in ’08 is only the first layer of inquiry. Did he follow up on it? Libor, as everyone who watches CNBC knows, is the heart and soul, it is the blood stream of the financial system. If anyone is rigging it or playing games with it then you must follow up. Anybody who is in the regulatory position that Tim Geithner was in, in my view the most important bank regulatory position in the world, how do you not follow up and say wait a minute guys what have you done? So it’s unclear, and I hate to use this metaphor perhaps but was this the sort of memo that was being sent at Penn State where you just kind of brush it aside or was it really and effort to do something?

    MB: Oh god…

    ES:…This bears an awful lot of inquiry. Because it goes to the very real question of whether the NY Fed did not fulfill its fundamental function to ensure the soundest [and] security of the balance sheets of the banks all the way through the period leading up to the crisis. Is this one piece of evidence that runs contrary to that or one piece of evidence that supports it? We don’t know yet.

    MB: What a comparison.

    ES: Well let me tell you Maria, unfortunately when you see memos at the top being written like that, you never know, you have to ask the question, what preceded it, what came after it, otherwise you don’t understand the texture of what was being done by that senior person.

    Spitzer Talks Wall Street [CNBC]

    / Jul 13, 2012 at 5:49 PM
  • mikemcquearyhouse

    News

    Former Penn State Football Coach Would Love For You To Get Bullish On Happy Valley Real Estate

    Mike McQueary, the embattled eyewitness who testified he saw Jerry Sandusky with a young boy in a locker-room shower in 2002, has put his State College house up for sale. Kissinger, Bigatel and Brower Realtors are handling any potential transaction with the house, valued at $575,000 [SC]

    / Feb 22, 2012 at 5:18 PM
  • News

    Find Yourself On The Wrong Side Of The SEC? We Suggest You Dial This Guy

    As some of you may recall, back in June we informally crowned Raj Rajaratnam’s attorney John Dowd lawyer of the year. Dowd responded to what he deemed an unfair article in the Wall Street Journal by telling the reporter “This is the worst piece of whoring journalism I have read in a long time,” asking […]

    / Dec 13, 2011 at 1:38 PM
  • News

    Still Waiting On A Response From Syracuse Alums

    “This is alleged to have occurred…what? Twenty years ago?” Jim Boeheim said in an interview with Syracuse.com. “Am I in the right neighborhood? It might be 26 years ago? So we are supposed to what? Stop the presses 26 years later? For a false allegation? For what I absolutely believe is a false allegation? I […]

    / Nov 18, 2011 at 4:47 PM
  • News

    Columbia Alums Now Have Their Turn To Look Into The Abyss

    The Columbia University marching band has been banned from performing at Saturday’s home finale against Brown, after poking fun at the Lions’ losing ways following a 62-41 defeat last weekend at Cornell. After every game, win or lose, the Columbia band plays the school fight song, “Roar, Lion, Roar.” But last Saturday, the band altered […]

    / Nov 17, 2011 at 3:34 PM
  • News

    Penn State Alums/Merrill Lynch Wealth Managers “Struggle” To Understand Why This Had To Happen To Them

    Two weeks back, former Penn State defensive coordinator Jerry Sandusky was charged with 40 counts of sexual abuse perpetrated against young boys, including an alleged incident in which Sandusky raped a 10 year-old in the shower. Since then, even more victims have come forward, and it’s been difficult to imagine how they’re coping, particularly when […]

    / Nov 17, 2011 at 12:26 PM
  • News

    Think You Might Be Asked About A Horrible Crime With Which You Have But A Tenuous Link Over The Course Of A Job Interview? Penn State Is Here To Help

    From time to time around these parts, we like to offer tips for those looking to successfully make the jump from one firm to another. Obviously a solid record of making money for your employer will help but in addition, or perhaps in lieu of that, nailing the first and last interview is key, and […]

    / Nov 15, 2011 at 4:01 PM
  • News

    Moody’s May Downgrade Penn State

    On account of recent events.

    / Nov 11, 2011 at 5:17 PM

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