warnings

Turney Duff is a former Galleon trader turned memoirist, who wrote about “drug-fueled benders,” feelings of emptiness, and the time he “faked a mugging by rolling on the pavement and into a puddle until he was bleeding and bruised” as an excuse for missing work one day in “The Buy Side.” It seems unlikely that he’ll rejoin the securities industry, but in the event he does, know that he’s watching you. Read more »

Or something along those lines. Read more »

The U.S. territory’s leaders are seeking to lure mainland residents such as hedge-fund billionaire John Paulson. Moving to Puerto Rico could allow Paulson and other top-earning taxpayers to shield future income from the Internal Revenue Service without giving up their passports…Even with potential tax advantages, Paulson and others considering a move to Puerto Rico should be wary, said Argeo Quinones Perez, a professor of economics at the University of Puerto Rico’s Rio Piedras campus. “For people as wealthy as Mr. Paulson and the like, spending half a year in this provincial, third-world environment would be like spending half a year in minimum-security prison,” he said in an e-mail. [Bloomberg, related]

Fitch Ratings is showing the U.S. some tough love. Read more »

They were willing to ‘em a chance, but no more. Read more »

Because he’s had some previous success putting bankers on deadlines for complying with his demands and because he has had it up to here with financial regulators and the companies they supervise, both of which have been dragging their heels since Dodd-Frank was passed, CLSA analyst Mike Mayo appeared on CNBC today to issue a message: The time for thumb twiddling is over. Move your asses, NOW, or he’ll move them for you. Read more »

Richard Eggers knows what we’re talking about. Read more »