Opening Bell/Closing/Holiday Bell: 02.15.10

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Charlie Gasparino Expectede To Join Fox Business (TVNewser)
If you've been missing your Jabroni Pony, great news: after taking the last few months off to work on his pecs, Gasparino is back (*full accounting of CG's new weight room/sauna routine coming this week). ALSO: it's possible he's going to grow the stache for his debut on the new network.
Wall St. Helped to Mask Debt Fueling Europe's Crisis (NYT)
"Banks eagerly exploited what was, for them, a highly lucrative symbiosis with free-spending governments. While Greece did not take advantage of Goldman's proposal in November 2009, it had paid the bank about $300 million in fees for arranging the 2001 transaction, according to several bankers familiar with the deal."
Hank Paulson scorns Barack Obama's banking reforms (Sunday Times)
"I do not believe that the idea of a ban on proprietary trading for one type of institution is going to solve the problem," Paulson told The Sunday Times. "The problem we had in our country, and in yours, was broad-based. It wasn't limited to one type of institution or one type of activity. "These large institutions pose a dangerously large risk, but ... I would like to see regulators deal with it, not politicians coming up with a set of rules that will become outmoded and outdated over time."
Positive sign? 'Credit crisis' hedge funds close up shop (Crain's)
Manhattan-based BlueMountain Capital Management abruptly liquidated its distressed debt fund in early February, after just 11 months of operation, returning the money to investors. The $100 million fund was launched last spring to take advantage of the liquidity crisis by snapping up cheap debt that investment firms were unloading for cents on the dollar.
Deutsche Bank Said to Defer Greater Share of Bonuses Amid Pay Controversy (Bloomberg)
DB has "introduced a sliding scale forcing top bankers to defer a bigger proportion of their bonuses, said two people with direct knowledge of the plan. The rule applies to 2009 bonuses of more than 100,000 euros ($136,000), said one of the people, who declined to be identified because the plan is private. Bankers will have to defer at least 25 percent of bonuses above that amount, the people said. The marginal deferral rate will increase to as much as 90 percent as the bonus crosses a series of thresholds."
Shaq: I'm No Duped Investor (NYP)
As had been alleged by Tim Sykes.
Corrections (NYT)
Awkward: "In a number of business articles in The Times over the past year, and in posts on the DealBook blog on NYTimes.com, a Times reporter appears to have improperly appropriated wording and passages published by other news organizations. The reporter, Zachery Kouwe, reused language from The Wall Street Journal, Reuters and other sources without attribution or acknowledgment. The Times was alerted to the problem by editors at The Wall Street Journal. A subsequent search by The Times found other cases of extensive overlap between passages in Mr. Kouwe's articles and other news organizations'. (The search did not turn up any indications that the articles were inaccurate.)"
Eliot Spitzer Discusses The Cataclysm Of 2008-2009 (ZH)

The noted hooker fucker on what went wrong.


Tiger Woods Got Mistress Joslyn James Pregnant (NYP)
Apparently the adult film star never told TW about the would-be offspring (the first susposedly resulted in a miscarriage, the second was aborted) but she will be sharing her story with you in an interview tonight on "Inside Edition."
Jarislowsky 'Convinced' Canada Has Housing Bubble (Bloomberg)
"They have basically encouraged people to buy houses based on cheap mortgages," Jarislowsky, 84, said in a telephone interview from Montreal. "That has created the opposite effect of what was desirable. I am convinced there is a housing bubble in Canada," said Jarislowsky, whose investment fund owns shares in Canada's four biggest banks, including Toronto-based Royal Bank of Canada.
Starwood Capital Executive dies in VT Ski Accident (CTNews)
Ed Hendee, 33, died over the weekend. A Harvard Business School grad (class of '06), he'd been with Barry Sternlict's Starwood Capital since May 2006 as V.P. of acquisitions.
Could Bankers Turn the Tables on Obama in 2012? (HuffingtonPost)
Gasparino: "Jamie Dimon apparently still likes Obama -- he's an unofficial adviser on finance related measures that has been widely reported, but associates tell me the 'relationship' is wearing thin."
Scams: Pigeon Fever (CBS)

Watch CBS News Videos Online
Apparently Ponzi schemes are still hot.

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