Does John McCain Have Any Idea What’s Going On?
It was a bit disturbing to hear John McCain blaming the greed of Wall Street and the lack of federal oversight for the our financial meltdown. But McCain’s performance yesterday on the Today show was...
View ArticleDon’t Deny It: You Could Go For A Comp’d ‘Spamalot’ Matinee Right About Now
Obviously one of the more pressing questions for many former Lehman Brothers employees right now, second only to ‘where the fuck is Dick Fuld,’ is what their severance packages will be like. Forbes...
View ArticleGreg Boester Straw That Broke JPMorgan’s Back, Caused Bank To Stop Trading...
Pissed off about the poaching of employees, JPMorgan has stopped trading with Citadel. Though Dimon’s employees have been fleeing to the Chi-town hedge fund for some time, the tipping point for the...
View ArticleHedge Funds Abandon Morgan Stanley’s Prime Brokerage
Morgan Stanley’s prime brokerage has lost about ten percent of its hedge fund clients, Bloomberg is reporting . But you probably already knew that the hedgies were running for the exits. Continue...
View ArticlePeople Moves
The Wall Street Journal reports that Citi has hired Mark Shafir, former global co-head of M&A at Lehman Brothers, possibly poaching one of the “Critical 8.” And John Carney is leaving DealBreaker,...
View Article“The financial terrorism thing has to be put on the table because the regular...
Also, here’s a vintage one you might enjoy. Topics include “this subprime stuff isn’t going to hurt anyone but Bear.” Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.
View ArticleWrite-Offs: 09.18.08
$$$ AIG new chief meets his employees [Dealbook] $$$ Bad Timing: The ‘Forbes 400′ List [City File] $$$ Chelsea Clinton attends Lehman Bankruptcy Hearing [Deal Journal] $$$ CVS [WallStrip] Continue...
View ArticleSEC: Welcome To Pakistan
The WSJ is reporting that the SEC plans to temporarily ban short-selling, if Chris Cox– who apparently did not get yesterday’s note– doesn’t get his face ripped off first. Interestingly enough, we’ve...
View ArticleDow Soars 300 Points In 5 Minutes
Look how easy this shit is when you just throw the rules away! Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.
View ArticleJust Putting It Out There
[Click to view] Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.
View ArticleAnswers
The recent move by the Securities and Exchange Commission to temporarily ban short selling has left a lot of people very angry, extremely confused, and demanding a logical explanation for why this...
View ArticleQuasi- Unfounded Rumor Of The Day
Nasdaq is breaking trades of certain stocks that were up huge on the open; and sending them back. Apparently too many idiots put market orders in the system to cover shorts given the new rules and we...
View ArticleSo Long To All That
I almost didn’t answer the phone when DealBreaker came calling. It was a Sunday afternoon and I was sitting in a bar somewhere in Brooklyn. The phone was sitting on the bar next to a pack of smokes and...
View ArticleWrite-Offs: 09.19.08
$$$ Gawker is holding an “Absurd Financial Product You Actually Bought.” Email your submissions! [Gawker] $$$ Thoughts on the RTC [Business Week] $$$ A Look At Wall Street From The Birthplace of...
View ArticleBailout Proposal
via AP Section 1. Short Title. This Act may be cited as ____________________. Sec. 2. Purchases of Mortgage-Related Assets. (a) Authority to Purchase.-The Secretary is authorized to purchase, and to...
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