Opening Bell: 5.18.22
Jay Powell really hopes he can stop this recession; SPAC sponsors really hope they can find merger partners; David McCormick really hopes he didn’t quit Bridgewater for no reason; and more!
Allianz Admits To Some Light Securities Fraud
Of course all agree that the real bad guys were the Allianz employees Allianz singularly failed to supervise.
SEC Wants Its Alums To Quick F**king Around
You of all people, former enforcement lawyers, ought to know better.
Opening Bell: 5.13.22
Jay Powell loses his confidence (but gains a second term); stocks lose everyone’s confidence; Pelham loses loads more; and more!
Credit Suisse’s Risk Department Every Bit As Weak, Bullied As Credit Suisse’s Actions Suggest
Despite earlier reassurances to the contrary, where there’s this much smoke, there is a raging risk and compliance fire.
Opening Bell: 5.10.22
Vision blinded; ‘we are on the case’—the best of which is still bad; extra time to whine; and more!
Get the latest financial news, headlines, commentary and analysis.
![Brian Katt at the English language Wikipedia [GFDL, CC-BY-SA-3.0 or GFDL], via Wikimedia Commons](https://dealbreaker.com/.image/ar_1:1%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTI2MzA4ODY1NTI1/bofa.jpg)
Inflation Forcing Hedge Fund Manager’s Wife To Iron Own Clothes, Use More Cabs, Shop At Farmers’ Market
Well, inflation and a lavish renovation of her new house.
Point72 Employees Eager To Get Yelled At For Messing Up Two Jobs
And the New York Mets are all the better for it.
Opening Bell: 5.9.22
Tech tanks; morose Milken; cautious Kashkari; crypto chief cuffed; Chelsea changes hands; and more!
Hedge Fund Exec Knocked Up Employee, Allegedly Took Her On A Nice Vacation On The Company’s Dime, Still Wants Huge Severance Package
And there’s also more about his package.
![Brian Katt at the English language Wikipedia [GFDL, CC-BY-SA-3.0 or GFDL], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTI2MzA4ODY1NTI1/bofa.jpg)
BofA Illegally Took Customers’ Money, Charged Them For The Pleasure
And now the CFPB is levying its own charges.
![This would be a start. By The original uploader was Hephaestos at English Wikipedia (Transferred from en.wikipedia to Commons.) [Public domain], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MjEzNTUwNzgyNDI4/nickel.jpg)
Bonus Watch ’22: You Didn’t Spend All Of Your 2021 Windfall Already, Did You?
Because this years’ is gonna be a lot more modest, and feel even more so.
![By Heisenberg Media (Flickr: Elon Musk - The Summit 2013) [CC BY 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTk1NTY2MDAwMDky/elon_musk.jpg)
Opening Bell: 5.5.22
Nice while it lasted; Elon gets investors; Cathie Wood thinks more people should be losing money with her; and more!
Frankfurt Police Making The Rounds Of All The Banks
It’s nice that they’re all so close together, and maybe also committing the same crimes.
![By Mike Cauldwell (https://www.casascius.com/photos.aspx) [Public domain], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTE1NTcxOTA2MDM3/bitcoins.jpg)
Opening Bell: 5.3.22
The Crypto Cops are coming; NFTS are cratering; Elliott is prowling; GameStop shorts are squirming; and more!
Warren Buffett, Charlie Munger Don’t Like Bitcoin, Stock Speculators, Other People Buying Apple, Robinhood
Oh, also, Berkshire Hathaway didn’t do terribly well in the first quarter.