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I Just KILLED That Interview, Man

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Dick Fuld's take on the Paulson Dinner [via USN]:

From: Fuld, Dick
Sent: Saturday, April 12, 2008 2:52 AM (GMT)
To: Russo, Thomas A
Subject: Tom
Just finished the Paulson dinner.
A few takeaways//
1-we have a huge brand with treasury
2-loved our capital raise
3-really appreciate u +Reiders work onm ideas
4-they want to kill the bad HFnds + heavily regulate the rest
5-they want all the G7 countries to embrace
Mtm stnds
Cap stnds
Lev + liquidity stnds
6-HP has a worried view of ML
All in all worthwhile.

From: Paulson, Hank
Sent: Saturday, April 12, 2008 2:52 AM (GMT)
To: Kashkari, Neel
Subject: Neel
Just finished the Fuld dinner.
A few takeaways//
1- gs is a huge brand with us. Leh not so much
2- very proud of himself for giving away shs to swf for chump change
3- kept talking abt these russo + reider guys. Don't know who the fuck they are. Don't care
4- I want to heavily regulate bad HFunds + kill Lehman
5- df doesn't use utensils when he eats
6- have a very worried view of Leh. Again, don't care. Will probably tell BofA to buy ML
All in all worthless.



Jay Powell Says That’s Just, Like, The President’s Opinion, Man

Trumpian browbeating only goes so far when the rats are abandoning the ship at this rate.