You're now on the archive server. Commenting has been disabled.
Janet Tavakoli Rips Into Charlie Gasparino
Recently Charlie Gasparino has been seen meandering within the halls of 85 Broad, trying to get scoops in exchange for reports on the phenomenal liquidity services Goldman Sachs provides to the markets (for the opposing view please read some of Themis Trading's recent reports or any other post on Zero Hedge). But aside from the fact that even Goldman's liquidity provisioning could be perceived as anything but an altruistic act, Charlie leaves a lot of questions about Goldman's recent record earnings not only unanswered but untouched. Janet Tavakoli retorts to Charlie's recent 180-degree on being one of the few last reporters who actually would dig in Lucas Van Praag's garbage can instead of sharing a Johnnie Walker Blue poolside with him.
»
- 4212 reads
- Printer-friendly version
- Send to friend
Wow, so gasbags a GE paid entertainment reporter (better suited for TMZ) didn't bother to dig through the GS party line (we want to be a force for good)?
Is any of this news to anyone? Seriously what did you expect?
His past performance dictated this outcome almost perfectly.
TD, wake me up when someone in the MSM enters the black hole @85 broad and actually asks a real question.
My over/under on this actually happening is close to never.
BECAUSE of credit default swaps GE and Immelt have been blended into the Obama Oligarchy.
NBC/ MSNBC is the bankster propaganda network. PERIOD.
Anyone with a scintilla of sophistication in finance knows these facts.
seekingalpha.com/article/106445-general-electric-genuine-risk-of-collapse
While Janet may have a (relatively insignificant) point, the last article of hers I read (at Time maybe, can't find it) was so ridiculous I find it hard to take anything she says seriously.
I strongly disagree with one important part of her piece. It deserves rebuttal.
CNBC has nothing to do with Dilbert in any abstract fashion.
CNBC has more in common with a Pee Wee Herman's Playhouse knock off than any other show, past or present, I can think of. Especially when they show the multi-box. Would Santelli be a Jambi like character? Gasparino as Randy? http://en.wikipedia.org/wiki/Pee-wee%27s_Playhouse provides hours of fun matching personalities with actual people.
I'm sorry to be so critical of her otherwise fine piece.
Ditto on the Pee Wee Herman facsimile. Give it time, and Gasparino too, will be caught whacking off.
God, that's a horrible image. I hate you for making me read that. Even vomit won't make it go away.
Hey Anal-yst I can see why you use that moniker...but to say JT can't be taken seriously might mean you need some wipes...you know to clean up there.
I never said she isn't smart, experienced, etc, just that after the pandering garbage (that I still have to find) I read last from her, I find her credibility and integrity seriously in-question.
Otherwise, I'm not quite sure I get to what you're alluding with your comment if not that.
You "find her credibility and integrity seriously in-question"? Are you f*ckin kidding me? My bet is that you work at one of those "financial meth labs" creating synthethic tranche CDOs that she exposed five years ago.
I do not work in structured finance, although I enjoy learning about it. Nice try though bubsky, great defense.
Next!?
She obviously believes that fraud inherent in the derivatives markets and the players who benefited in the name of the public good requires more transparency, disclosure, and prosecution(for the fraud). How is she pandering...if anything she seems frustrated that the truth gets no traction in Washington or by the media. The way they fill the airwaves with half assed analysis that gets pushed daily as news...she seems to be pushing her side with the same vigor...good for her. I hope she keeps it up.
I would be interested in the article, if you so happen to find it.
I saw her interview on C-SPAN talking about her book, and she seemed extremely well informed... especially about the derivative markets.
Assetman, anal_yst won't find the article; it doesn't exist. She certainly is "well informed" as you put it -- professor of finance and derivitives at Chicago B School, author of numerous books on derivitives, and an endorsement from Merton H. Miller --- not to mention Warren Buffett invites her to lunch.
Suck it, clown.
Her position here is untenable, that the "taxpayers" deserve more profit from GS than they were legally owed.
http://www.cnn.com/2009/POLITICS/07/15/tavakoli.goldman.earnings/index.html
Cartoon Network has more credibility than CNBC... especially US Power Lunch.
Caruso Cabrera - your 20-second political roundup is finely refined bullshit, but comical.
Given the degree of venom which exists on this site for anything Goldman related, why not take advantage of it and make a little money? Undoubtedly some of your readers are skilled at art, so you might ask someone to draw an image of thousands of citizens, pitchforks and torches in hand, marching Bastille-style on 85 Broad, all under an Iranian-inspired slogan such as "Death to Goldman". Silkscreen the image on to t-shirts, and sell them through the ZH store. I'd proudly wear a sleeveless version to the gym.
Send a freebie or two to Ron Paul, Jon Stewart, Bill Maher, Ariana Huffington, Janet Tavakoli, and maybe Ted Kaczynski.
The failure of MSM to evidence any sensible standard of financial journalism only bodes well for sites like ZH, Naked Capitalism, etc.
The prime example this Q is the GE financials: the lack of ink attributed this Q to one of the largest global companies and their results is astounding.
Keep up the great work TD and company....
Some prior thoughts on GE: http://zerohedge.blogspot.com/2009/04/one-of-biggest-threats-to-financial.html
working on substantial update.
So now with CIT paper and TLGP-backed GE paper off the table, where is all of that money previously always automatically directed into those going to go? Any PMs in that arena here care to talk?
Agreed.
I'm telling you all: Zero TV
Could all wear masks of our favorite peope - and by favortite not just the characters from FC; Charlie, Blankfein, Bernanke, Geithner..the list is endless.
Pete
PS
My CAPTCHA answer is zero - twice this week - it's an omen.
Gasparino is a sell-out.
I made a little video about him.
I hope he likes it.
http://moespeeks.blogspot.com/2009/07/charley-gasparino-get-put-thru-bul...
sorry for the shameless plug on my part
I guess I should include my Goldman Sachs video also since I am plugging myself.
http://moespeeks.blogspot.com/2009/07/something-for-truth-seekers.html
I think the clowns on CNBC read this site. Last night, by accident, I was flipping around the channels and stopped on CNBC to see who was on Fast Money. They had Seymour, Pete Najarian, Finerman, and Steve Grasso.
Grasso started talking about his institutional buyers buying stocks, and Seymour said "I thought it was computers doing all the trading" or something like that. Najarian cracked up laughing, Grasso got a kick out of it too, but before he could comment they cut them all off and went to something else. It was a strange, but very short exchange. I instantly thougth they must read this site. Good.
In case they are, Fast Money - you suck - just like the rest of your network.
Good news for Grasso, but my own experience differs markedly. Friends who are seniors at several major institutional desks tell me their order flow is next to nothing, other than funds swapping out of their ETF's (for the underlying cash) just before a reporting date. then swapping back out at reporting date plus one.
On another topic, I bet Louis Bacon or Paul Jones wishes they, too, could be a famous panelist on Fast Money, especially in its current neutered state. Oh, the adulation! The restaurant tables!
CNBC is just 24/7 shamwow for wall street.
http://www.youtube.com/watch?v=QwRISkyV_B8
too bad that Tavakoli has no idea about structured finance. take a look at an early edition of her useless book, she clearly doesn't understand how correlation of CDO tranches works...
but congrats on figuring out that CNBC is a joke!
Tavakoli wrote articles for the Journal of Structured Finance on correlation trading. They hit the nail on the head. Her first CDO book was used as a structuring playbook, and her second included correliation trading and the newest instruments. If you had followed her work, you would have shorted the ABX. Seems Tavakoli knows her stuff.