Admittedly it’s just a theory but hear us out– based on the following bonus numbers communicated to managing directors this morning in Stamford, is it possible the Swiss’s long-term revenue generating plan is to get someone to burn the place down so they can collect the insurance money and then work out of Howard Johnson’s? Continue reading »
theories
Would You Be More Mad At Corzine For The Whole MF Global Thing If He Didn’t Have All That Facial Hair?
By Bess Levin
In other words, does the rational part of your brain, which wants you to be circus freak-crazy pissed at him, lose out to the part that gets one look at that beard and decides “I can’t stay mad at you”? Because that’s a theory being floated for why JSC isn’t faring too badly in the court of public opinion. Continue reading »
From: Richard Bove
Subject: Regulator role in UBS lossDid regulators play a role in the UBS loss?
Richard X. Bove
Let’s hear him out. Continue reading »
From the mailbag:
“I think I have a solution for the housing problem. All we need to do is hire the people who appraised Bin Laden’s hideout at $1 million. Seriously, it’s an odd shaped lot, with uneven fences, no phone lines or internet connection, crumbling walls, cheap plastic garden furniture, in a country with a per capita GDP of $2,700. Unless the place comes with a cone of silence or room of invisibility, I don’t see how that could be worth $1 million.
Raj Rajaratnam’s Handlers Think Articles About Alleged Insider Trading Make Him Sound Bad Because Reporters Are Trying To Get In Good With The Government
By Bess LevinKeeping watch over the 20 or so journalists reporting on Rajaratnam’s trial is Jim McCarthy, who handles the defendant’s media relations. McCarthy, the founder of New York-based CounterPoint Strategies LLC, isn’t shy about his views of the coverage. “Some of the coverage has been” — he paused for five seconds as he considered his words — “distorted and irresponsible,” McCarthy said in an interview yesterday. He’s particularly critical of some reporters and news organizations who he claims “have been slanting their coverage” in hopes of “gaining favor with the government,” he said. [Bloomberg]
Did Raj Rajaratnam Not So Subtly Suggest Anil Kumar Should Trade Sexual Favors For Inside Information?
By Bess Levin
One thing we’ve learned about Raj Rajaratnam gal-pal Danielle Chieis over the last year or so is that the information she passed to the Galleon founder was the best of the best. To be sure, guys like Anil Kumar and Rajat Gupta gave Raj good stuff too, but Chiesi had a leg up on the other tipsters because she “used her sexuality to build sources at male-dominated tech companies.” Executives were apparently powerless to the allure of her “tight red suit with red fishnet stockings” and once they saw her “suggestive” dance moves it was game over.
It’s well-known at this point that she had an affair with IBM’s Bob Moffat who was more than happy to tip her off (not knowing he was just being used though, Moffat, who cried at least two times in public over Chieis, has since vowed to never open his heart to another woman again, besides his wife), from which Raj benefitted. Yesterday in court, former McKinsey director Anil Kumar confirmed another one of Danielle’s source of tips, and hinted that Raj wanted him to take a play from DC’s playabook. Continue reading »
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