Wall Street Folly

• Lazard’s Wasserstein Hospitalized
• Wasserstein Hospitalized With Irregular Heartbeat
• Huge profits put Goldman on track for pay bonanza
• Blackstone in listing spree
• Cioffi, Tannin Face U.S. Jury Over Bear Stearns Funds Collapse
• A Case Pitting Spin Against Fraud
• Stanford wins ruling in battle over fraud case defence
• Ostrom, Williamson of U.S. Win Nobel Economics Prize Read the rest of this entry »

Tags: Allen Stanford, Barclays, Bear Stearns, Blackstone, Bonuses, Bruce Wasserstein, Compensation, Fed, Fraudsters, Goldman Sachs, Google, Hedge funds, law suits, Lazard, Nobel Prize, Starbucks

• Bankers Face Sweeping Curbs on Pay
• Pandit Says $100 Million Is Too Much for a Banker
• Citigroup CEO Pandit Says Phibro Business Will Be Restructured
• Citigroup eyes spinning off controversial oil unit
• Thain Says Bank of America Knew About Merrill’s Bonuses, Losses
• SEC Puts Forward Plan to Ban Flash Orders
• Hurdles for a Bulked-Up Barclays
• Barclays creates $12bn credit vehicle Read the rest of this entry »

Tags: Bank of America, Barclays, Bernie Madoff, Bonuses, Citigroup, Compensation, Fraudsters, Hedge funds, John Thain, Merrill Lynch, SEC, Vikram Pandit

• Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman
• Obama to Mark Lehman Collapse With Push for New Financial Rules
• Lessons Learned at Goldman
• Tales From Lehman’s Crypt
• From Lehman’s Wreckage, New Lives
• Where the Players Landed
• Lehman Had to Die So Global Finance Could Live
• Indicted Financier Danny Pang Dies; Autopsy Due Today
• Foul play not suspected in death of financier Danny Pang Read the rest of this entry »

Tags: Banks, Barack Obama, Credit Crunch, Danny Pang, Fraudsters, Goldman Sachs, Lehman Brothers, Lloyd Blankfein, Yahoo

Poor Ruth:  If Ruth Madoff wants to buy something that costs over $100, the world’s gonna know about it.  That’s because she now has to document  expenditures over that amount and submit them on a monthly basis to liquidation trustee Irving Picard.  And if she buys something that Picard thinks is extravagant, he can take it up with the judge who might hit Ruth with a penalty.

According to the NY Post: Read the rest of this entry »

Tags: Bernie Madoff, Fraudsters, Living on a budget, Ponzi Schemers, Ruth Madoff, Scandal

He’s *literally* not cool with them, and he wants to be moved.  According to the NY Post: Read the rest of this entry »

Tags: Allen Stanford, Fraudsters, Legal, Scandal

That’s what a new book, “Madoff With the Money”, coming out next month is claiming according to Page Six.  He’s said to have “robbed Uncle Sam out of two years of Viet-nam War-era Army Reserve active duty by developing a case of the nerves.”  There are more tales of his being “a serial Casanova”, of a mentor’s ties to the Chicago mob, and of his wearing two gold watches, telling a friend: “I gotta know what time it is in my London office”….

Madoff a Monster From Birth – Page Six / NY Post

Tags: Bernie Madoff, Books, Fraudsters, ponzi schemes, prison inmates

• Obama Indicates He’s Willing to Consider Risk Fee for Banks
• Pelosi Says She Has Votes to Pass House Health Plan
• Berkshire Hathaway reduces stake in Moody’s
• AIG Held Off Bonuses Planned for Last Week
• Goldman Relents, but Not Chase
• Credit Suisse Profit Rises 29% on Gains From Trading Read the rest of this entry »

Tags: AIG, Amazon, Autos, Barack Obama, Berkshire Hathaway, CIT, Credit Suisse, Ford, Fraudsters, Goldman Sachs, Health Care, Politics, SEC, Warren Buffett