Confidential To Mike Morgan: We've Got What You Want Right Here

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By now you've likely heard about blogger Mike Morgan, proprietor of Facts about Goldman Sachs, which can be found at The site was founded on March 26, 2009, in Morgan's words, as "an open forum for facts and discussion about what part Goldman Sachs and their executives played in the current Global Economic Crisis," which Goldman apparently does not like! The bank is currently attempting (unsuccessfully) to silence Mikey-boy, issuing a cease and desist, a request which has so far gone unmet. The brave young (or old, I have no idea) blogger has vowed to fight the power, and is holding a conference call Wednesday at 6PM to discuss "objectives and how you can help as a volunteer" (anonymous crotch shots of Blankfein to the tips line).
According to Morgan, "I've had advice from some of the best intellectual property lawyers, and I know exactly what I can and can't do. We're not going to back down from this." He added that if GS does figure out a way to shut him down, he has "a number of other domain names registered." But does he have I think not. We're rooting for the li'l fella here, but in the event Lloyd successfully puts him in a sleeper hold, all we're saying is, make us an offer.


Bonus Watch '12: Jefferies Has Got Your Cold Hard Cash Right Here

Back in the day, as in pre-crisis, bonus season on Wall Street was a happy time. Sure, you still had your miserable pricks who would bitch and moan about the fact that they hadn't gotten as much as the guy who sat next to them, even they the guy who sat next to them was a "non-contributing zero who wouldn't recognize alpha if it bit him in the ass," but prior to to fall 2008, anyone who was unhappy about his or her bonus was a) quibbling over receiving a huge sum of money instead of an imperial fuck-ton of money and b) in a position to actually make good on a threat to jump ship, since firms were hiring. Now, with a few exceptions, bonus season makes people feel sad. Angry. Impotent. Like the world is out to get them. Not only has the total amount of one's bonus come down, but many companies have decreased the cash portion, while increasing the deferral period on stock to, in some cases, almost half a decade. Then you have Jefferies. Last year it let employees decide between an all stock bonus or an all cash bonus with 25% lopped off.  This year the investment bank-cum-butcher shop isn't even forcing anyone to choose, instead dumping a bag of cash on everyone's desk and reminding them who loves 'em.