What Fiction Do You Read?
on Nov 20, 2009 in books fiction We spend a fair amount of time on this site discussing the best books for this or that discipline or books about the market in general. Lately, there has been a predictable spate of books published on the crisis, and most of them have been pretty goo...

DeFazio Calls for "Timmy's" Head
on Nov 19, 2009 in defazio geithner summers Rep. Peter DeFazio (D-OR.) yesterday called for the firing of Larry Summers and "Timmy" Geithner, claiming they were both in the bag for Wall Street. In an interview with MSNBC, DeFazio blasted Obama's recovery plan for using taxpayer funds to bailou...

Doomsday Code Thief Might Get a Pass
on Nov 18, 2009 in doomsday code freq trading Goldman Sachs Remember Sergey Aleynikov? He was the guy who allegedly stole bits of the proprietary code from Goldman Sachs's freq trading platform and had the FBI kick down his door about eleven minutes later. At the time, the code was credited with the ability t...

Gasparino Talks Glass-Steagall, Dimon, Volcker
on Nov 17, 2009 in Citigroup gasparino glass steagall jamie dimon Volcker Gasparino calls Glass-Steagall "common sense" and opines that Jamie Dimon's hotline to the Prez might be what's keeping the regulation from making a comeback...

Bankers looking down on each other
on Nov 17, 2009 in I-Banking Bullpen bankers For those in the business, do you guys ever judge other bankers based on their groups? I was out with some friends today and met some other bankers. The first thing asked is "where do you work" followed by "what group". So we exchanged info and as I...

Lazard names Ken Jacobs CEO
on Nov 17, 2009 in I-Banking Bullpen ceo Ken Jacobs lazard Nov. 17 (Bloomberg) -- Lazard Ltd. named Kenneth Jacobs, head of the investment bank’s North American businesses, as chairman and chief executive officer, succeeding Bruce Wasserstein, who died last month. Jacobs, 51, takes over from interim CEO St...

Yuan Peg Causing Asset Bubble
on Nov 16, 2009 in china yuan ***UPDATE: Markets Bet on Yuan Rise Despite China Rebuff As an on-again, off-again buyer of Chinese currency over the past several years, it has long been my contention that one day the Chinese will be forced to float the Yuan and therefore cause a w...

A lot of people are hating on Goldman Sachs, but...
on Nov 15, 2009 in I-Banking Bullpen Goldman Sachs Would any of them deny working for them?

Cube Essentials
on Nov 15, 2009 in I-Banking Bullpen cube I'll be starting off at a BB in June, and was wondering what some of you think are essential items, or just handy shit in general, to keep in your cube that aren't necessarily work related (items like headphones, advil, toothbrushes...)...

Are You THIS Guy???
on Nov 13, 2009 in Monkeying Around Douchebags Have a great weekend, guys...