Merrill Lynch, SEC Jump Into Time Machine, Strike RMBS Settlement
Seriously, what year is it?
Bill Ackman Uses Sohn Spot To Remind Everyone He Had A Good Idea Once
We are proud to present Best of Bill Ackman (2008-2017).
Don't Let Opportunity To Dress Yourself Exclusively In MF Global-Branded Apparel Pass You By
Waxing nostalgic for the dearly departed brokerage firm? Don't have any connection to the place or sentimental feelings for it whatsoever but in need of a new wardrobe? You're in luck. An online auction of MF Global "memorabilia" is being held through Wednesday and all shit must go! Between the t-shirts, windbreakers, and stadium blanket that can double as pants, you've got a whole outfit. Want to get a jump start on Christmas gifts for your colleagues but don't want to break the bank? Nothing will say "I really enjoy working with you" quite like MF Global mugs, hats, pens, mouse pads, sticky notes, and "blue bags containing tissues." Finally, the crown jewel of the lot are the "light up bouncy balls with MF Global logo." Don't let yourself be outbid. HyperAMS Releases Video Preview for MF Global Bankruptcy Auction: Fine Art, CBOT Vintage Clacker Board, Memorabilia [Equities via BI]
Remember When: Lehman Brothers Was In A Position To Tell Korea Development Bank To Suck It?
Those were the days. Related: Korea Development Bank Ends Talks For Stake in Lehman (September 10, 2008) Earlier: "The Bros Always Wins"
Dick Fuld: "The Bros Always Wins"
As previously mentioned, if one were inclined to relive the fall of Lehman Brothers, one could do so via the bankruptcy documents that were recently made available online. There you'll find, among other things, countless examples of what has been said so many times since September 15, 2008, which is that it's amazing how delusional the people at the very top were, vis-à-vis the firm's solvency/what people thought of it/everything. Also worth marveling at? The fact that Lehman lasted as long as it did with what appear to be barely literate troglodytes running the place. [The following dialogue is re: CITIC considering an investment in a US bank and the suggestion that it is more interested in Bear Stearns.]