Octogenarian status be damned!
The guy can turn off a room of with his smile, but he's got some powerful old friends on The Street.
Earlier this month, the Times reported that Mayor Bloomberg and his advisers had been "floating the possibility of mayoral runs to at least five boldface figures," including Chuck Schumer, Mort Zuckerman, Ed Rendell, Edward Skyler, and Hillary Clinton. Strangely left off the list? A woman who some might say is actually Hizzoner's most worthy successor and who conveniently announced her intent to run today: Kristin Davis, the woman who once supplied Eliot Spitzer with hot young tail.
Maria Bartiromo: Tim Geithner apparently flagged the problem 5 years ago. Why didn't he do more about this? He basically called the Bank of England and said he was worried about the approach in terms of Libor, that they needed to change it. Did he do enough? Eliot Spitzer: Look I think it would be preemptory to say one way or the other. This is something that needs an awful lot of examination. I think the fact that he knew in '07, sent a memo in '08 is only the first layer of inquiry. Did he follow up on it? Libor, as everyone who watches CNBC knows, is the heart and soul, it is the blood stream of the financial system. If anyone is rigging it or playing games with it then you must follow up. Anybody who is in the regulatory position that Tim Geithner was in, in my view the most important bank regulatory position in the world, how do you not follow up and say wait a minute guys what have you done? So it's unclear, and I hate to use this metaphor perhaps but was this the sort of memo that was being sent at Penn State where you just kind of brush it aside or was it really and effort to do something? MB: Oh god... ES:...This bears an awful lot of inquiry. Because it goes to the very real question of whether the NY Fed did not fulfill its fundamental function to ensure the soundest [and] security of the balance sheets of the banks all the way through the period leading up to the crisis. Is this one piece of evidence that runs contrary to that or one piece of evidence that supports it? We don't know yet. MB: What a comparison. ES: Well let me tell you Maria, unfortunately when you see memos at the top being written like that, you never know, you have to ask the question, what preceded it, what came after it, otherwise you don't understand the texture of what was being done by that senior person. Spitzer Talks Wall Street [CNBC]
If it feels like it's been forever since we last heard from Eliot Spitzer's former gal-pal Ashley Dupré it's because it has. What's she been up to since July 2010, when she told reporters she was focusing on getting her real estate license and writing a dating column which sadly did not continue past its debut? Becoming a small business owner and shedding her old skin, which she'd appreciate if you didn't bring up in conversation. That (hooking) was then, this (being a New Jersey-based entrepreneur) is now. And while the new venture "represents a continuation of her evolution," rest assured "special underthings" and swimsuits will always have a place in her life. Four years after her high-priced hotel romps with Eliot Spitzer dynamited his tenure as governor of New York and made her infamous, Ashley Dupré says she turned a page Monday with the opening of Femme by Ashley, a lingerie and swimwear boutique on the choicest block in downtown Red Bank. The shop, Dupré told redbankgreen in an exclusive interview, “is almost like the beginning of the rest of my life...Petite and wearing eyeglasses that made her appear somewhat more studious than she did in Girls Gone Wild videos made a decade ago, 27-year-old Dupré said she agreed to redbankgreen‘s request for a sit-down only at the urging of her boyfriend, TJ Earle, who thought it was important in establishing community roots. She said it would likely be her only interview on the topic. “I’m just done with it,” Dupré said of her scandal-based persona. “I’m very private. People don’t believe that, but I’m a very private person. I don’t want that life. I’m not looking to be in the press. I’m just looking to get on with my life.” “I’m a girl, and I think every girl likes to shop and explore their tastes,” she said. “Getting into this business, I kind of explored all of these designers and fell in love with them.” The shop offers swimsuits in the $180 to $200 range as well as some “special” underthings, Dupré said. Pop in for a look-see today. ASHLEY DUPRÉ SETS UP SHOP AND MOVES ON [RedBankGreen via Daily Intel]
My time in the financial industry entirely postdated the global research settlement, which means that I have a different view of sell-side research from some of the olds. As far as I can make out, there are people who think that investment bank research was once a demonic scheme in which research analysts - larger-than-life figures whose recommendations were irresistible to the retail investors who in this vision bought all of every pre-2003 stock offering - swindled those besotted retail investors into buying crap stocks at inflated prices so that the banks could get gigantic investment banking fees. Whereas I always thought that investment bank research was a sort of cute endeavor of unclear commercial purpose, taken skeptically by the institutional investors who buy most of every post-2003 offering, made fun of by bankers, and conducted by people whom we never saw because, among other things, our network was set up to prevent them from emailing us and vice versa. Perhaps before the settlement giants roamed the halls of research divisions, defrauding investors with abandon, but once their email was cut off from the bankers' email they retreated into mousy irrelevance? Unclear. In any case THEY'RE BACK BABY, sort of: