You Know There’s a Problem When…

Your Custodian Can’t Spell “Goldman Sacchs” Blecch, right? This morning, I was reading a great article from The New York Times: A Safety Net That Tangles Investors. Floyd Norris reported the SEC is separating money management from the custodial...

CIOs Wanted for Managing Director Positions

(By a Leading Hedge Fund in Greenwich, CT) Times are tough. So to help out, I’m running the following job description submitted by a headhunter from Manhattan. This is an unpaid advertisement, which I’m featuring as a service to my readers. Job Ref. MN...

What Did We Learn from Insider Trading at Galleon?

Hiring a dwarf to pose as a “small-cap” analyst isn’t funny. Shredding SIM cards is more effective than biting them in half. The SEC is awake. “Octopussy” is not a James Bond movie. McKinsey & Company’s publication,...

Would You Spend 40 Months in Prison for $550 Million?

U.S. Is Said to Consider Easing Informant’s Term Bradley C. Birkendfeld is scheduled to start a 40-month prison sentence on Friday, January 6. He’s the banker who exposed UBS’ illegal activities and is now claiming a 30 percent whistleblower’s...

What the Hell is "God's Work," Mr. Spitzer?

New York’s Resolutions This morning, The New York Times reported New Year’s resolutions from a few prominent New Yorkers. Here’s what Eliot Spitzer had to say: I would love to see investment bankers actually do God’s work. Do we have any idea what...

What the Hell is “God’s Work,” Mr. Spitzer?

New York’s Resolutions This morning, The New York Times reported New Year’s resolutions from a few prominent New Yorkers. Here’s what Eliot Spitzer had to say: I would love to see investment bankers actually do God’s work. Do we have any idea what...