Wall Street Folly

Lehman “alter ego” company used to get investments off its books; Syracuse students petition to prevent Jamie Dimon from speaking at graduation; Prosecutors naming more companies Galleon’s alleged insider trading ring profited from; AIG puts its pay czar compensation beef in writing; Donald Trump team’s casino bankruptcy exit plan picked over Carl Icahn’s; Consumer reports rips Lexus GX460 as unsafe; Twitter to start advertising

Posted by WSF On April - 13 - 2010
  • Lehman Channeled Risks Through ‘Alter Ego’ Firm
  • Dimon’s Syracuse Commencement Speech Fought in Student Petition
  • Morgan Stanley CEO calls for partnering with regulators and legislators
  • Galleon Insider Case Widens
  • AIG ’strongly objects’ to pay tsar’s restrictions on executive pay-outs
  • Donald Trump Beats Carl Icahn in Bankruptcy Battle for Casinos
  • Consumer Reports calls Lexus GX460 unsafe
  • Twitter to Start Rolling Out Advertising Read the rest of this entry »

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WSF

Jamie Dimon expresses regrets to shareholders — they didn’t need the FDIC guarantees, also, he’s looking for his successor; NY Fed reveals the Bear Stearns / AIG crap on their books; Geithner concedes jobless rate will remain ‘unacceptably’ high; Andrew Cuomo’s Madoff probe of closing Ivy Asset heating up; UK charges seven from banks’ printers in insider trading ring; General Growth files Ch11 exit plan; On the eve of the iPad’s debut Amazon caves on discount E-book pricing

Posted by WSF On April - 1 - 2010
  • JP Morgan’s Dimon Regrets Using FDIC Guarantee Program
  • Fed Opens the Books on Bear, AIG Toxic Assets
  • Jobless Rate Will Stay ‘Unacceptably’ High: Geithner
  • Ivy Asset Draws Probe Over Roles With Madoff
  • Seven Charged in Inside-Trade Ring at Banks’ Printers
  • General Growth Files $6.55 Billion Plan to Exit Bankruptcy
  • Amazon Gives Way On E-Book Pricing Read the rest of this entry »

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WSF

Toyota on the Congressional hot seat over misleading public; Judge reluctantly OKs B of A / SEC settlement; Harvard economist predicts multiple sovereign debt defaults; Jamie Dimon, other CEOs will break bread with Obama; Allen Stanford receiver suing Dems, Repubs to get contributions back

Posted by WSF On February - 23 - 2010
  • Congress says Toyota misled public about runaway cars, engine electronics
  • Toyota’s U.S. Chief Says No Problem With Electronics, Apologizes in Testimony
  • Judge approves BofA settlement with SEC
  • Harvard’s Rogoff Sees ‘Bunch’ of Sovereign Defaults
  • Seidenberg, Dimon Among CEOs Said to Dine With Obama Tomorrow
  • Stanford Receiver Sues Democratic, Republican Groups
  • TPG, KKR Said to Near Purchase of Morgan Stanley’s CICC Stake Read the rest of this entry »

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Allen Stanford, Autos, Bank of America, Barack Obama, Jamie Dimon, SEC

“Obama doesn’t begrudge bonuses” to Lloyd and Jamie? Not so fast — he was taken out of context; Jeffrey Immelt has a different recollection of events than Hank Paulson; Milkshake murderess’ conviction overturned

Posted by WSF On February - 11 - 2010
  • Bloomberg Xs & O
  • Immelt Disagrees With Paulson’s Memory of September ’08 Talks
  • Kissel’s Murder Conviction Overturned by Hong Kong High Court Share Business Exchange Read the rest of this entry »

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Barack Obama, Bonuses, Compensation, Goldman Sachs, Henry Paulson, JPM, JPM Chase, Jamie Dimon, Lloyd Blankfein, Scandal

Still awaiting Lloyd Blankfein’s number, Jamie Dimon got $10M in shares; You’d think he was running for office or something: Cuomo charges BofA and Lewis even as SEC settles; Fanning populist fires, beseiged Senators propose big Bailout Banks bonus tax; Greek CDS soars; SEC charges, settles with State Street

Posted by WSF On February - 5 - 2010
  • Dimon receives $10m shares
  • Cuomo charges BofA, ex-CEO with fraud; SEC settles
  • Senators Propose 50% Bonus Tax on Banks That Got Bailout Funds
  • Cost of Insuring Greek Debt Soars
  • SEC Charges State Street Over Subprime Mortgage Investments
  • Japan Transport Min: Toyota Mulling Recall Prius Recall
  • Euro-Zone Debt Worries Hit Stocks And Euro Again Read the rest of this entry »

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Bank of America, Banks, Bonuses, Compensation, Goldman Sachs, JPM, JPM Chase, Jamie Dimon, Lloyd Blankfein, Politics, Taxes

New bailout fee? Obama administration looking for more ways to stick it to banking industry; Jamie Dimon sick and tired of banker “vilification”; B of A in settlement talks with Cuomo; SEC upping the ante against them with more charges; Bunning wants NY Fed AIG probe; Pandit reshuffles the deck chairs again at Citigroup; Fed made $45B in ‘09; No big surprise, but Pang committed suicide per ruling; AIG looking to hire ex Lehman lawyer to fill general counsel slot abandoned over pay flap; B of A exec demotion

Posted by WSF On January - 12 - 2010
  • Banks Brace for Bailout Fee
  • JPMorgan’s Dimon defends bank’s pay policy
  • SEC broadens charges on Bank of America
  • Bank Is in Talks to Settle State Claims Over Merrill
  • N.Y.’s Cuomo Seeks Bonus Data From Bailed-Out Banks
  • SEC Should Probe NY Fed Staff Over AIG, Senator Says
  • Pandit Shakes Up Citi’s Upper Ranks
  • Federal Reserve earned $45 billion in 2009 Read the rest of this entry »

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AIG, Bank of America, Barack Obama, Bonuses, Citigroup, Compensation, JPM Chase, Jamie Dimon, SEC, Taxes, Vikram Pandit

Bonus backlash: With charity clearly beginning at home, Goldman thinks about mandatory top employee giving; Despite latest AIG revelation, Geithner still appears to have Obama, Democratic support; UK bankers have had it; Corzine leaves a huge deficit; Dubai: let the foreclosures begin!; JP Morgan dividend increase coming soon?; Goldman wants a piece of the ETF pie; Will Avatar overtake Titanic?; While NBC is busy trying to undo its Leno move embarrassment, CBS is said to be close to new deals with Letterman, Ferguson

Posted by WSF On January - 11 - 2010
  • Goldman Sachs Weighs Requirement for Charity
  • Banks Brace for Bonus Fury
  • Geithner Has Support of Obama, Democratic Lawmakers, Aides Say
  • U.S. Bankers Are Fed Up With British Regulations
  • Corzine Leaves $8 Billion Gap as N.J. Governor Readies Exit
  • Dubai’s First Foreclosure May Open Floodgates in Worst Market
  • Dimon Leading Dividend Race Pandit Sweats in New Test for Banks
  • Goldman Looks to Crash ETF Party Read the rest of this entry »

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AIG, Banks, Barack Obama, Bonuses, ETFs, Goldman Sachs, Hedge funds, JPM Chase, Jamie Dimon, Lloyd Blankfein, Tim Geithner, U.S. Treasury

Geithner’s NY Fed told AIG to zip its lip on CDS payouts to banks; Possible carried interest tax on hedge funds, private equity firms back in lawmakers’ sights; Now deTARPED Citi faces lawsuits from ex-execs with frozen severance packages; Blankfein, Dimon won’t go to Basel; Kumar going to court today in Galleon insider trading case; Warren Buffett in antitrust hot water?; FDIC looking to tie insurance fees to risk of pay packages; State tax revenues drop to lowest since ‘63; GM CEO is predicting a 2010 profit!

Posted by WSF On January - 7 - 2010
  • Geithner’s New York Fed Told AIG to Limit Swaps Disclosure
  • Congress Has Hedge Funds, Buyout Firms in Tax Sights
  • Citi hit by legal action in bankers’ pay battle
  • Top banks invited to Basel risk talks
  • Kumar set to appear in court in Galleon case
  • Buffett’s Mars bar
  • FDIC Weighs Tying Fees to Banks’ Pay Read the rest of this entry »

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AIG, Citigroup, Compensation, Fees, GM, Goldman Sachs, Hedge funds, Insider Trading, Jamie Dimon, Lawsuit, Lloyd Blankfein

Way less cash: Morgan Stanley’s overhauling their senior exec pay; Jamie Dimon may bite back over that 50% UK bonus tax; WSJ: The rise of “king of kings” Raj Rajaratnam (Part 2 tomorrow: the fall); Merrill Lynch bouncing back with new UK clients; Barton Biggs and Marc Faber see dollar rise; Goldman gets the biggest slice of ‘09 IPO fees; UK Banker wins age discrimination case

Posted by WSF On December - 29 - 2009
  • Morgan Stanley to Overhaul Pay Plan
  • Bonus tax on banks shapes JPMorgan plans
  • The Man Who Wired Silicon Valley
  • BofA Merrill back on track with new blue-chip clients
  • Biggs, Faber Predict Dollar Rally as S&P 500 Extends 67% Surge
  • U.S. central bank pushes for new exit tool Read the rest of this entry »

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Bank of America, Bonuses, Compensation, Goldman Sachs, Hedge funds, JPM Chase, Jamie Dimon, Morgan Stanley

As expected the Senate passes its ill conceived health care bill; Goldman’s Lloyd Blankfein is Financial Times Person of the Year; Dimon, Blankfein and Mack heading to DC in Jaunary for the next round of Congressional inquisitions; Barclays Bob Diamond sells 1.8M shares for £5M; Senate votes to up debt ceiling; Morgan Stanley mints 212 new managing directors; Grassley probing Citi tax breaks; Buffett wants ResCap?; “Squawk Box” broker says U.S. hid evidence; Alexis Glick is leaving FBN

Posted by WSF On December - 24 - 2009
  • Senate Passes Legislation to Overhaul U.S. Health-Care System
  • Master of risk who did God’s work for Goldman Sachs but won it little love
  • Dimon, Blankfein, Mack Among First to Testify at Crisis Panel
  • Senate Votes to Increase U.S. Debt Ceiling by $290 Billion
  • Barclays’ Bob Diamond reveals £5m share disposal
  • Morgan Stanley Appoints 212 New Managing Directors
  • Grassley puts pressure on Treasury in tax dispute
  • Buffett’s back, Billionaire looks to lock up GMAC’s ResCap Read the rest of this entry »

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Barclays, Citigroup, Goldman Sachs, JPM Chase, Jamie Dimon, John Mack, Lloyd Blankfein, Morgan Stanley, Politics, Subprime mortgages

UK bankers facing windfall tax on bonuses (which of course will drive bankers and capital out of the UK); Citi naturally wants out of TARP asap; Jamie Dimon’s bets right on warrant auction; Kuwait sells Citi stake for a fat profit; Senior AIG execs threaten to walk over pay; TCW ousts their CIO

Posted by WSF On December - 7 - 2009
  • Darling lines up assault on bonuses
  • Pre-Budget Report: Darling plans windfall tax on bank bonuses
  • Banks criticise plans for windfall tax on bonuses
  • Estimated TARP Cost Is Cut by $200 Billion
  • Citigroup in race to repay bail-out funds
  • Dimon Guesses Right on Warrant Pricing
  • Kuwait sells Citigroup stake for $4.1 billion
  • Fresh Pay Skirmish Erupts at AIG Read the rest of this entry »

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AIG, Bonuses, Citigroup, Compensation, JPM Chase, Jamie Dimon

Jamie Dimon for Treasury! — sounds like a lot of wishful thinking; No takers: B of A’s CEO search could drag into 2010; Goldman answers some AIG questions; Pay disclosure for top UK bankers?; Chieftain: Personality conflicts said to fuel hedge fund split ; Google slap? Will newspapers switch to Bing?; GE / Vivendi talks stall; Twilight’s big opening

Posted by WSF On November - 23 - 2009
  • Jamie Dimon seen as good fit for Treasury
  • BofA May Name Stopgap Chief If Board Needs More Time for Search
  • Goldman’s Response to Questions About A.I.G.
  • UK: Top bank traders face pay disclosure
  • Investment Firm Splits in Two Over Internal Rifts
  • Microsoft, News Corp. In Early Talks On Web Deal
  • Would Bing switch really dent Google?
  • G.E. and Vivendi Halt Talks Over Stake in NBC Read the rest of this entry »

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Bank of America, Goldman Sachs, Hedge funds, JPM Chase, Jamie Dimon, Tim Geithner, U.S. Treasury

Jamie Dimon Op Ed: Let big banks grow and fail; Now here’s a shocker: Barofsky says TARP will cost taxpayers money (Thanks auto companies!); Duh: Pay czar “very concerned” that pay limits backfiring; Charities like the Robin Hood Foundation are cheering the return of the bonus; The nasty fine print on Citadel redemptions; B of A: Corzine hasn’t met with them, unclear if he’s going back to Wall Street; Playboy has potential buyers; Spitzer sidesteps hookers in his ethics speech

Posted by WSF On November - 13 - 2009

  • Jamie Dimon Op Ed: No more ‘too big to fail’
  • Barofsky Says TARP ‘Almost Certainly’ Will Bring Loss to U.S.
  • Pay czar backtracks
  • Robin Hood Says ‘Hell Yeah’ to Recovery Led by Goldman Bonuses
  • Corzine to Aid Christie Transition, Has No Post-Governor Plans
  • Citadel’s Moment for Redemption
  • Eliot Spitzer Avoids Talk of Hookers in Harvard Ethics Speech
  • Buffett Says U.S. Should Put Pressure on CEOs of Rescued Firms
  • Two potential buyers closing in on Playboy Read the rest of this entry »

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Bonuses, Compensation, Eliot Spitzer, Goldman Sachs, Hedge funds, Hookers, JPM Chase, Jamie Dimon

Must read: Goldman Sach’s Lloyd Blankfein: doing ‘God’s work’; More on those big bonuses; Lewis’ recommendations for CEO may not hold much sway; Jamie Dimon’s dad joins him at JP Morgan; Taxpayers may have to eat some of Citi’s losses; NBC closer to sale?

Posted by WSF On November - 9 - 2009

  • I’m doing ‘God’s work’. Meet Mr Goldman Sachs
  • Wall Street Record Bonuses Return as Big 3 May Pay $30 Billion
  • Board May Reject Lewis’s Picks to Succeed Him
  • Dimon dad takes job at JPMorgan
  • Citigroup Asset Guarantees May Cost U.S. Taxpayers, Panel Says
  • U.S., U.K. Split Over Bank-Tax Proposal at G-20
  • JPMorgan to Grow Indian Investment Banking Unit, Morparia Says
  • Comcast, GE Said to Set $30 Billion Valuation for NBC Universal Read the rest of this entry »

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Bank of America, Goldman Sachs, JPM Chase, Jamie Dimon, Lloyd Blankfein

B of A’s general counsel in legal hot water over Merrill deal advice?; Blankfein and Dimon had tête-à-têtes with pay czar Feinberg; Corzine gets the boot as NJ governor; Reid noncommittal on health care bill this year; Frank wants to out firms thought to pose systemic risk; Buffett wants FNM tax credits too; Discover survey suggests lower holiday spending plans

Posted by WSF On November - 4 - 2009

  • BofA’s counsel had no ‘legal’ authority in Merrill deal
  • Blankfein, Dimon Met Feinberg Ahead of Pay Order, Records Show
  • Christie Ousts Corzine in N.J. Governor’s Race
  • Reid Won’t Commit to Passing Health Bill This Year
  • Frank Says Measure Will Require Naming Risky Firms
  • Buffett joins Goldman bid for Fannie Mae tax credits
  • Buffett’s Lower Burlington Breakup Fee Shows Confidence in Deal
  • US sen. asks health insurers about small businesses Read the rest of this entry »

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Compensation, Goldman Sachs, JPM Chase, Jamie Dimon, Lloyd Blankfein, Politics

Ever wonder what Jamie Dimon was like in High School? $JPM #JamieDimon

Posted by WSF On October - 28 - 2009

Gawker has his page from the 1974 Browning School year book:

Yearbook Page Reveals Jamie Dimon’s Lifelong Tight-Jeans Obsession – Gawker
Read the rest of this entry »

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JPM Chase, Jamie Dimon, WSF

Too cozy?: Paulson’s constant calls to Goldman during crisis spotlighted; The return of the guaranteed bonus; Questionable Pequot Capital trading flagged in at least 44 reports; Jamie Dimon’s warrant auction; Geithner wants debt limit goal post moved before it’s breached; Buffett buying corporate debt

Posted by WSF On August - 10 - 2009
  • Paulson’s Calls to Goldman Tested Ethics
  • Effort to Rein In Pay on Wall Street Hits New Hurdle
  • Pequot Trading in Google, Cox, Premcor Sparked Warnings to SEC
  • Dimon’s Jubilee
  • Geithner asks Congress for higher US debt limit
  • Buffett’s Berkshire Adds Corporate Debt as Stock Purchases Drop Read the rest of this entry »

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WSF

Financial regulation overhaul may be stalling; Will California’s financing band-aid make things worse?; GE Capital to exit FDIC debt insurance plan; CIT passed on $2B GE Cap loan?; $MSFT ends CIT relationship; Credit ratings firm overhaul; Dimon cashes in on options; Nardelli back to Cerberus

Posted by WSF On July - 22 - 2009
  • Doubts Slow Financial Regulation Overhaul on Capitol Hill
  • Budget Agreement Deepens California’s Pain
  • GE Capital Approved for Plan to Exit FDIC-Backed Debt
  • CIT Said to Have Spurned $2 Billion Secured GE Loan
  • Microsoft Terminates Its Financing Relationship With CIT Group Read the rest of this entry »

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WSF

Video: Kate Kelly talks about her new book on Bear Stearns’ final 72 hours: “Street Fighters”

Posted by WSF On May - 12 - 2009


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Bear Stearns, Ben Bernanke, Fed, Henry Paulson, Jim Cayne, Tim Geithner, U.S. Treasury, Videos, WSF

Jamie Dimon on using the PPIP — They have no intention to go there: “We’re not gonna borrow from the Federal government. We’ve certainly learned our lesson about that” ($JPM)

Posted by WSF On April - 16 - 2009

Jamie Dimon just said that on the conference call.

LOL.

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Jamie Dimon

JP Morgan Q1 2009 earnings release and slides ($JPM)

Posted by WSF On April - 16 - 2009

Read the rest of this entry »

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Jamie Dimon

Tim Geithner on forcing bank CEO resignations: The options are open ($C, $BAC, $GS, $MS, $JPM, $WFC)

Posted by WSF On April - 2 - 2009

Watch CBS Videos Online

Tim Geithner was interviewed by Katie Couric on CBS….

Read the rest of this entry »

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Bank of America, Banks, Citigroup, Goldman Sachs, Jamie Dimon, Ken Lewis, Politics, Tim Geithner, Videos, Vikram Pandit

Post Obama meeting after show: Jamie Dimon gives his thoughts to Erin Burnett

Posted by WSF On March - 27 - 2009


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Barack Obama, Jamie Dimon

About JP Morgan: We’re getting so tired of the “They have TARP money so they must be tone deaf because they want to buy new corporate jets” routine ($JPM)

Posted by WSF On March - 23 - 2009

Embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build "the premier corporate aircraft hangar on the eastern seaboard" to house them, ABC News has learned.

The financial giant's upgrade includes nearly $120 million for two Gulfstream 650 planes and $18 million for a lavish renovation of a hangar at the Westchester Airport outside New York City.

"It's a remarkably boneheaded decision," said corporate watchdog Nell Minow, the editor and founder of The Corporate Library, a group that provides independent corporate governance research and analysis. "It's completely tone deaf."

Read the rest of this entry »

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Economy, Jamie Dimon, Politics

Jamie Dimon really, really wants out of the TARP $JPM $GS $MS

Posted by WSF On February - 18 - 2009

Per Charlie Gasparino: Jamie Dimon spoke at a town hall meeting yesterday.  When someone asked him about last week's congressional grilling,  he responded: "While I was sitting there I was thinking I should raise my hand and say 'I will wire you back the (TARP) money if you let me leave right now'."

He's not alone in wanting out of the TARP.  Goldman and Morgan Stanley are all chafing at the bit to get out ASAP.

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Goldman Sachs, Jamie Dimon, Morgan Stanley

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