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Front Page NY Times: Paulson In Frequent Contact With Goldman Chief Blankfein During Financial Crisis
Reading Time: 5 minutesI want you to know that I had no role whatsoever in any of the Fed’s decision regarding payments to any of A.I.G.’s creditors or counterparties. – Hank Paulson, testimony before Congress July 2009 But according to two senior government…
NYT: “It’s the Economy, Girlfriend”
Reading Time: 3 minutesWe put two and two together and figured out that it was the economy, not us. When guys in banking are going through this, they can’t handle a relationship. – Megan Petrus, a lawyer who broke up with her banker…
Buffett Receives Subpoena To Testify On Credit Rating Agencies Tomorrow
Reading Time: 7 minutesWhen Warren Buffett testifies before the Financial Crisis Inquiry Commission Wednesday, it will be because he was subpoenaed. If you don’t know how a subpoena works, this one begins with capital letters, “YOU ARE HEREBY COMMANDED to appear and give…
We Know These Women Don’t Eat Carl’s Jr. So What’s With The Ridiculous Ads????
Reading Time: 1 minuteRolling my eyes….. This so reminds me of the Mike Judge’s movie Idiocracy.
Ben Stein Is Out At The NY Times
Reading Time: 2 minutesBen Stein’s fine work for us as a columnist for Sunday Business had to end, we told him, after we learned that he had become a commercial spokesman for FreeScore, a financial services company. Ben didn’t understand when he signed…
The New King of Wall Street
Reading Time: 3 minutes“You don’t understand what drives him. Money is the measuring stick.” – Arline Schwarzman (subscription required), Mother of Steve Schwarzman, on the subject of Blackstone’s IPO A few months ago Fortune ran a magazine cover with the picture of Steve Schwarzman,…
