• 21 Oct 2013 at 4:05 PM
  • Banks

Libor Manipulators Foiled By Ancient Internet Technology

Deep in the bowels of the Zwillingstürme, Deutsche Bank has found the secretive space where its rogue employees conspired to do terrible things to Libor. Read more »

She's after one of these bad boys.

Patricia Cohen is demanding “a substantial, if not controlling, interest” in SAC Capital. Read more »

There’s nothing going on today but even if that weren’t the case, I’d still be asking you to gather ’round so we can have some Real Talk about Tiger’s supposedly scandalous texts to one of his 845 pieces on the side. Joslyn James (pictured) has released a bunch of messages Woods sent to her last year. A lot of people have their panties in a serious bunch over the supposed shock value found within. Here’s a sampling:

* “Where do you want to be bitten”

* “How about a quickie before i go:)”

* “Do you ever hook up with other guys or girls”

* “Let me know when your about 20 out i will order dinner. And what would you like to eat” Read more »

  • 22 Feb 2010 at 10:30 AM

Tim Geithner’s New Image: Just One Of The Girls

As you’ve probably noticed, Tim Geithner’s had a pretty tough go of it lately. People are pissed at him about the bailouts, no one will get off him about AIG, many feel he “coddles” Wall Street and rarely a day goes by that the Treasury Secretary’s ousting is not called for, and not just by pissants on the internet. His job doesn’t actually seem to be in any actual danger at the moment– according to Rahm Emanuel, “The president’s view is that Tim is one of the stars,” but clearly something needs to be done about how the public sees TG. To show them he cares. That he “gets” it. That he’s just one of them. But how? An article this morning concerning T. Geith’s “charm offensive” included the following photo of Mr. Geithner, touring a supermarket in Philadelphia with Michelle Obama:

Our initial thought: what the hell? How is Tim Geithner mixing it up at the grocery store and smiling maniacally at a bunch of produce going to endear him to the public? Then, a few lines later, this:

Mr. Geithner says even his wife has urged him to show more emotion in confronting the banks.

So, okay. Grocery stores…not being afraid to show his feelings….he’s not working the…vagina angle is he? No, come on. You’re making huge leaps in logic here, we said to ourselves. We actually almost started to feel guilty for coming to such gender stereo-typing conclusions, and would’ve continued to do so, if the next thing we saw hadn’t been this:

Read more »

  • 11 Dec 2009 at 1:40 PM

Vampire Squid Writer Goes There


Even more outrageous, it specifically prohibited Congress from rejecting tax giveaways to Wall Street, as it did last year, by removing all congressional oversight of future bailouts. In fact, the resolution authority proposed by Frank was such a slurpingly obvious blow job of Wall Street that it provoked a revolt among his own committee members, with junior Democrats waging a spirited fight that restored congressional oversight to future bailouts, requires equity for taxpayer money and caps assistance to troubled firms at $150 billion.

Obama’s Big Sell-Out [Rolling Stone]

  • 12 Nov 2009 at 8:50 AM

Bill Gates Thinks You Make Too Much Money

Isn’t this rich? Bill Gates, the richest man in the whole country, thinks Wall Streeters are paid too much.

The compensation problem is a very interesting problem. I do think compensation is often too high, but it’s a very tough problem to solve.

Gates blamed a 1993 federal law capping executive salaries at $1 million–“a bad milestone”–which he said wound up backfiring, encouraging huge bonuses and stock option awards. He doesn’t like that, he said during a discussion on philanthropy in New York yesterday, but he’s wary of doing anything about it, worrying that, like the ’93 law, it will just make things worse.

Read more »