• Ross’s SJB Said to Raise $1.1 Billion From Einhorn, Elliott
  • Gensler Turns Back on Wall Street to Push Derivatives Overhaul
  • Kissel May Be Indicted for Murder Next Week, Prosecutor Says Read the rest of this entry »

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  • 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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  • Goldman Sachs Reports 2009 Earnings Per Common Share of $22.13; Fourth Quarter Earnings Per Common Share were $8.20
  • Obama to Propose New Rules on Banks’ Size, Trading
  • Rep Issa: NY Fed AIG submissions “incomplete”
  • US Urges Judge to Bar Geithner Role in AIG Lawsuit
  • AIG Took Four Tries on Filing as Fed Asked to Withhold Data
  • Fed’s Dudley: Opposes Move In Congress To Audit Rate Policy Read the rest of this entry »

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  • Goldman Takes Offensive on Pay
  • Lewis and TARP
  • Bernanke confirmation hits new hurdle
  • Barclays Said to Plan Salary Increases, Lower Bonuses
  • NY Fed’s Sack: Larger Fed Balance Sheet Does Have More Risk
  • Stanford Offshore Investors Suspected of Cheating IRS on Taxes
  • Comcast Gains Majority Stake in NBC With GE Venture
  • GM’s CEO Search Won’t Be Easy Ride
  • Pay Limit May Hinder Search for a G.M. Chief Read the rest of this entry »

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  • 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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So did Bernie Madoff confess to his bilking his investors out of billions because he had terminal cancer, not much time to live,  and little to lose as a result?  That’s what the NY Post is reporting this morning.  And Bernie’s been participating in some Native American religious purification ceremonies.   He’s also switched jobs, now painting fences after initially working in the prison’s engraving group.   Most suprising, he’s hanging with the prison gays although his relationship with them is said to be strictly platonic.  (Cue the “Bend Over” and  dropped soap jokes). Read the rest of this entry »

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If you’re in the market for luxury putt putt, Bernie Madoff’s 90 foot “Bull” could be yours.  It’s said to be finally coming on the market after months of being locked up at the port of Antibes. Read the rest of this entry »

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She promised the lowdown details:  The magnitude of his Ponzi scam may have proved he had huge balls, but  the size of Bernie Madoff’s  penis may have not been nearly as prodigious –  at least as described by Sheryl Weinstein, ex-CFO of Hadassah who penned “Madoff’s Other Secret”, a book about her affair with Ponzi scammer Bernie Madoff: Read the rest of this entry »

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Will it be on Ruth’s summer reading list?:  More tales of Bernie  Madoff, the womanizer, are emerging as a former CFO with Hadassah reveals that not only did her family get screwed out of their savings, but she had an affair with him.  The book, “Madoff’s Other Secret: Love, Money, Bernie, and Me” which details Sheryl Weinstein’s encounters with Madoff, comes out on August 25.  We’ll be treated to pictures and according to Bloomberg “some intimate descriptions of Madoff”.   We’ll all have to wait to see if those are insights into his personality or his anatomy. Read the rest of this entry »

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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 »

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Goldman Sex:  Ouch.  The Goldman Sachs name is being dragged through the mud from every angle these days as the root of all evil.  And the latest: A lawyer with Goldman, Todd Genger, a 33 year old married father of three, was caught in a sting where he sex-chatted a supposed 15 year old (who was really an undercover cop) and then travelled to Westchester county to  do the deed.  If he’s convicted, he’s looking at 1 1/3 to 4 years in prison…. Read the rest of this entry »

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

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The NY Daily News has given us a glimpse of how Bernie and Ruth Madoff lived:

Read the rest of this entry »

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Cartoon: Ruth Madoff subway spoof

Posted by WSF On June - 26 - 2009

Video: Allen Stanford’s perp walk

Posted by WSF On June - 25 - 2009

Allen Stanford made his way to court this morning, cuffed and dressed in the classic orange jump suit.  He’s pleaded not guilty.  The big question: will he get bail?

Here’s the perp walk, courtesy of FBN:

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After Governor Mark Sanford’s bizarre disappearance, return and ultimate revelation that he was carrying on with a “dear, dear friend” in Argentina: Sean Delonas’ cartoon from Page Six in today’s NY Post:

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The indignity!  Even when she goes underground, she can’t escape the prying lenses of the press: Ruth Madoff is photographed by the NY Post using a mode of transportation that she probably hasn’t taken in a forever: the SUBWAY! And the irony is that she’s captured sitting beneath a 99¢ sign.  Too funny. Read the rest of this entry »

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Grasso would break bread with Spitzer, but only if he picks up the tab….

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We’re rolling our eyes and simultaneously gagging: Bernie Madoff’s lawyer, Ike Sorkin, has filed a letter to the judge asking for leniency and less than a life sentence. Apparently Bernie is feeling lots of remorse and shame now, and he’ll even talk about it at his 6/29 sentencing hearing.

Ummmm…too little, too late, Bernie.  But the pitiful and transparent plea for mercy was inevitable.

According to CNBC, the letter also contained the following heart tugging statement:

“Thankfully, none of the fury expressed in the victims’ statements has been as shocking as the death threats and anti-Semitic emails that have been directed toward Mr. Madoff and his counsel.”

*Yawn*

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  • George Soros: My three steps to financial reform – FT op ed
  • Lawsuit alleges that Bernie’s sons knew all about the scam
  • Donald Trump submitted a restructuring plans for the bankrupt casinos that bear his name Read the rest of this entry »

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Unbelievable.  Someone put the SEC out of its misery.  In a baffling move that only serves to make the them look even dumber, weaker and more pathetically useless than ever, the SEC bumblers let admitted Ponzi schemer Bernie Madoff settle civil charges against him without admitting any wrong doing.  SAY WHAT???  No wrong doing?  Are they f*cking kidding????  In their infinite wisdom the SEC did ban him from Wall Street, but then again, since he’ll likely be spending the rest of his life behind bars after his June 29 sentencing, BFD.  Seems like we’re not the only ones amazed…. Read the rest of this entry »

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