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obfuscations
Oct. 15, 2009
Citigroup Posts Loss, Tries to Make It Sound Like Profit
No one was really fooled.
By
Jessica Pressler
goldmanfellas
Oct. 15, 2009
Goldman Sachs Nets Another $3 Billion
And is anyone happy about it? No.
By
Jessica Pressler
ballsy crimes
Oct. 15, 2009
Sickly Schemer’s Trial Delayed Two Months
Allen Stanford spits up blood in a Texas courtroom.
By
Adam K. Raymond
the greatest depression
Oct. 14, 2009
NYSE Threatened by Upstart Exchanges
Is Kansas the new Wall Street? Nah.
By
Adam K. Raymond
the greatest depression
Oct. 14, 2009
Dow Closes Above 10,000
10,015.86, to be exact.
By
Jessica Pressler
intel
Oct. 14, 2009
How to Buy Toxic Assets, and How Bloomberg Got a Bargain on
Business Week
Not that the two are related.
By
Chris Rovzar
the greatest depression
Oct. 14, 2009
It’s Okay to Be Happy About the Dow Hitting 10,000
“A lot of people make fun of these milestones, but I think that it has an effect on psychology,” says an analyst.
By
Jessica Pressler
the darkness
Oct. 14, 2009
Wall Street Will Award Record Pay This Year
Ugh.
By
Jessica Pressler
white men with money
Oct. 14, 2009
JPMorgan Posts $3.59 Billion Profit
But hold the bubbly: Credit cards are still a problem.
By
Jessica Pressler
wall street
Oct. 14, 2009
Pay Czar Tells AIG to Start Slashing
Feinberg demands AIG reduce $198 million in bonuses.
ballsy crime
Oct. 13, 2009
Buy Sam Israel’s Getaway Wheels
Another piece of financial-fraud history is yours for the taking.
By
Jessica Pressler
white men with money
Oct. 13, 2009
Two Jurors Rejected in Bear Stearns Trial
One prospective juror wrote that big financial firms “always try to bend the rules to make as much money as possible.”
By
Jessica Pressler
white men with money
Oct. 13, 2009
CIT CEO Jeffrey Peek Resigns, Finally
His legacy isn’t looking so good.
By
Jessica Pressler
ballsy crime
Oct. 13, 2009
Marcus Schrenker Wants to Tell You How He Really Feels
The would-be financial fugitive plans to write a memoir.
By
Jessica Pressler
feuds
Oct. 9, 2009
Sheila Bair Rains on Vikram Pandit’s Parade
The FDIC chairwoman thinks the A+ grade the Citigroup CEO got for his performance sounds a little too good to be true.
By
Jessica Pressler
schnabulosity
Oct. 9, 2009
Andrew Hall Is Free!
Of Citigroup, we mean. The commodities trader still needs his $100 million paycheck.
By
Jessica Pressler
Oct. 7, 2009
Citi May Part Ways With Castle-Owning Trader
The specter of public furor over Andrew Hall’s bonus may cause the bank to let go of one of its star traders. But at what price?
By
Jessica Pressler
men of science
Oct. 6, 2009
Citigroup Turns to Science
The bank has put a physicist in charge of strategy.
By
Jessica Pressler
early and often
Oct. 6, 2009
Pay Czar May Curb Wall Street Salaries by 50 Percent
Kenneth Feinberg is set to propose that up to 50 percent of employees’ salaries at bailed-out banks be shifted into stock.
By
Jessica Pressler
italian men with money
Oct. 5, 2009
Hedge-Fund Manager Paolo Pellegrini Is a Jazz Lover With ‘Entry-level Supercars’
John Paulson’s former right-hand man is charming in a Hannibal Lecter kind of way.
By
Jessica Pressler
white men with money
Oct. 2, 2009
John Thain Pops Champagne at News of Ken Lewis’s Departure
Meanwhile, inside Bank of America, some employees are quietly celebrating the CEO’s resignation.
By
Jessica Pressler
white men with money
Oct. 1, 2009
Ken Lewis Will Retire With Ginormous Pile of Cash
The Bank of America CEO will get $53 million.
By
Jessica Pressler
white men with money
Oct. 1, 2009
What Prompted Ken Lewis to Suddenly Resign, Anyway?
And were a sweat lodge and/or peyote involved?
By
Jessica Pressler
white men with money
Oct. 1, 2009
Who Will Succeed Ken Lewis?
Assessing the Bank of America chief’s possible replacements.
By
Duff McDonald
white men with money
Sept. 30, 2009
Bank of America’s Ken Lewis Resigns
The North Carolina–based CEO is “really tired of all the mud that was being piled on him,” says a source.
By
Jessica Pressler
the rich hunt
Sept. 30, 2009
Who’s Stealing Americans’ Jobs Now?
Another reason to be annoyed at the finance professionals who got us into the recession.
By
Jessica Pressler
if we were friends with john paulson
Sept. 29, 2009
If We Were Friends With John Paulson, Part VII
The conversation we might have had with rock-star hedge-funder John Paulson over Instant Messenger today, if we were, like, bros.
By
Jessica Pressler
a man named hsu
Sept. 29, 2009
Norman Hsu Sentenced to 24 Years in Prison
The big-headed bundler is headed to the big house.
By
Jessica Pressler
white men with money
Sept. 29, 2009
Jamie Dimon Appoints Successor, Weighs His Options
Will the JPMorgan CEO choose public service? Or the service industry?
By
Jessica Pressler
aggravating insurance giants
Sept. 28, 2009
Notorious AIG Executive’s Home Is Disappointingly Modest
Joe Cassano’s house “only has two bedrooms,” according to a spy. And his ride is uncool, too.
By
Jessica Pressler
goldmanfellas
Sept. 28, 2009
Unknown Terror Keeps Goldman Sachs Employees Silent
Employees will not even speak to a playwright, for fear of retribution.
By
Jessica Pressler
Sept. 25, 2009
G-20 Leaders Vow to Curb Bank Bonuses
“For real.”
By
Jessica Pressler
made-off
Sept. 24, 2009
For Bernie Madoff’s Victims, the Horror Never Ends
Bernie’s victims have a new problem.
By
Jessica Pressler
goldmanfellas
Sept. 24, 2009
Michael Moore’s New Movie Was Brought to You by Goldman Sachs
Big surprise: ‘Capitalism: A Love Story’ was funded by capitalists.
By
Jessica Pressler
maybe snoopy tolerated that mouth but not uncle sam
Sept. 24, 2009
Economic Adviser Scolds AIG CEO for His ‘Cheekiness’
CEO Robert Benmosche had better watch his mouth around the people who pay his salary.
By
Jessica Pressler
Sept. 24, 2009
Goldman Sachs CEO Lloyd Blankfein’s Cup Runneth Over
He is just TOO successful, and it’s embarrassing.
By
Jessica Pressler
white men who secretly still wear flamboyant boxers
Sept. 23, 2009
Lloyd Blankfein: ‘I Think It Is Bad Form to Be Ostentatious’
Well, of course the Goldman Sachs CEO thinks that NOW.
By
Jessica Pressler
white men with money
Sept. 23, 2009
Michael Moore’s New Documentary Was Made for a Very Specific Audience
And it’s not just liberal conspiracy theorists.
By
Jessica Pressler
made-off
Sept. 23, 2009
Most Madoff Victims Only Lost Pretend Money
A report from federal prosecutors reveals that half of Bernie’s customers made money from his Ponzi scheme.
By
Jessica Pressler
Sept. 22, 2009
Crisis-Defining Moment Occurs at Michael Moore Premiere
We know: annoying.
By
Jessica Pressler
white men with money
Sept. 22, 2009
The Day Andrew Ross Sorkin Was Touched by Guy Hands
In which a ‘Times’ reporter is seduced over mint tea.
By
Jessica Pressler
fi-cri fallout
Sept. 22, 2009
Sheila Bair Would Rather Eat Worms Than Ask Tim Geithner for Help
And that’s the least of what she’s willing to do.
By
Jessica Pressler
brainiacs
Sept. 21, 2009
Paul Krugman: ‘The End of the World Has Been Postponed’
The economist concedes that the sky is not falling — yet.
By
Jessica Pressler
nuts
Sept. 21, 2009
Congress Does Not Want to Hear About How ‘Mammoth’ Bank of America’s Nuts Are
In response to a subpoena, Bank of America drops a pile of useless e-mails on a congressman’s desk.
By
Jessica Pressler
white men with money
Sept. 18, 2009
Please Adopt Citigroup’s Toxic Assets!
They’re just like adorable, cuddly puppies, according to CEO Pandit.
By
Jessica Pressler
digital dickweeds
Sept. 18, 2009
Dennis Kneale Will Not Go Quietly Into That Good Night
The CNBC host kicks and screams as his show is canceled.
By
Jessica Pressler
annoying things
Sept. 18, 2009
Former Finance Professionals Stunned to Find There Are Jobs That Don’t Require Them to Be Jerks
Well, unless they want to be.
By
Jessica Pressler
tragicomedy
Sept. 17, 2009
The Pandit-Blankfein Dialogues: Wait, Did I Call You or Did You Call Me?
A financial-crisis comedy of errors.
By
Jessica Pressler
early and often
Sept. 17, 2009
Financial Pundit Peter Schiff Launches Senate Run
Like everything else about the bearish Euro Pacific Capital president, this scares us.
By
Jessica Pressler
voices carry
Sept. 16, 2009
Which ‘Titan of Finance’ Nearly Burst Into Tears During a Phone Call With the Treasury?
We know, probably all of them. But one had a particularly difficult time holding it together.
By
Jessica Pressler
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