Archive for the 'Wall St' Category

Jun 05 2008

Who is Gary Krakow? Why is he off his meds?

TheStreet.Com has an add interview with some hilarious tripe about how Apple/Jobs needs to “bite the bullet” and “license WindowsMobile or RIM’s Blackberry” code.
This guy is clearly in need of psychiatric help. Like now. I mean he’s either had a break, or he’s the most transparent and disingenuous shill since Rob [...]

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Jan 25 2008

Lies, Damned Lies and Fall Guys…

Published by David HM Spector under Wall St

Société Général (SG) announced yesterday that a ”rogue trader” had racked up US$7.2 Billion in losses.  The NYTimes reporting of this story reported that this “trader” identified as Jerome Kerviel had “managed to evade multiple layers of computer controls and audits for as long as a year.”  Kerviel is described as a “mid-level” employee who was, [...]

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Nov 07 2007

The Credit Crunch: A Manufactured Crisis

Published by David HM Spector under Misc, Wall St

I’ve spent a lot of my life working at financial services companies, almost all of it at so-called “money center banks” like JPMorgan and Citigroup, as well as at brokerages like BearStearns, and if there’s one thing I’ve learned about the money business is that Wall St. is about money, not sentimentality.   In other [...]

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