Feds Allege That Ersatz Financier Jeffrey Epstein Is Indeed A Genuine Sex Criminal
Why does everyone on the Upper East Side look so nervous?
Warren Spector Will Not Cut The Price Of His Post-Bear Stearns Project
Unlike Bear, a Greenwich Village townhouse is actually worth something.
Hank Paulson Killed Lehman Brothers ‘Cause Karma’s A Bitch
And also because Dick Fuld sucks.
Trump Wants David Malpass To Bring That Bear Stearns Magic To The Treasury Department
After picking so many billionaire "winners" to advise him, Trump is apparently ready to mix it up.
Should Bear Stearns' CFO Not Have Told Investors Liquidity Was Rock Solid When Internally Telling Colleagues The Company Was As Dry As The God Damn Sahara?
It's almost as though "liquidity is very strong" and "we need more liquidity ASAP" aren't totally synonymous.
Jimmy Cayne, Embroiled In Bridge Scandal, Takes No Prisoners
You're off the team!
Only Legacy That Former Bear Stearns Chief Cares About-- His Bridge Playing Legacy-- In Peril
Jimmy Cayne is devastated at the thought of having one of his bridge trophies taken away amid scandal.
Jamie Dimon Just Wants To Remind Everyone That Buying Bear Was One Of The Worst Decisions Ever Made In Modern Banking
He still had residual night terrors.
Hedge Fund Manager Who Ripped Off Bear Stearns May Do 200 Years
Let this be a lesson to anyone hoping to avoid a couple centuries in prison-- nobody fucks with Jimmy Cayne's roach clip and gets away with it!
New JPMorgan CIO Doesn't Get Out Of Bed For Less Than A Great Depression-Level Financial Catastrophe
Earlier today, it was announced that Matt Zames had been named JPMorgan's new Chief Investment Officer, to replace Ina Drew, the woman who supervised the trader responsible for the firm's whale of a loss and was dismissed over the weekend. Previously, Zames served as the firm's head of fixed income and while he may be happy to be seen by senior management as a guy capable of putting out at a fire, based on his experience, is probably at least a little bit underwhelmed by the task. From Kate Kelly's Street Fighters: Matt Zames had been down this road before. He had started his career at Long-Term Capital Management in the winter of 1994, shortly after college. There he witnessed firsthand what could happen when a bunch of shortsighted executives didn't manage their risk properly...By the time he reached the sixth floor it was after midnight. His team was huddled with a group of Bear managers in one of the conference rooms. Zames had one question for the Bear team: How much cash and collateral did it have on hand?...Zames shook his head. "This isn't going to be necessary," he told them. "This whole thing is fucked." Guy had a front-row seat for LTCM and Bear's implosion and now he's being asked to do what, exactly? Clean up a minor mess at a *solvent* bank? It's almost a little insulting, actually. Call him when you've got SOMETHING REAL. JPMorgan Says Ina Drew to Retire, Replaced by Zames as CIO [Bloomberg]