New York Stock Exchange
The Chairman of the Fermentation Committee takes the fizz out of the market once again.
- Europe’s $39T Pension Threat Grows as Economy Sputters (Bloomberg)
- Monti Warns of Italy Protests as He Meets Merkel (Bloomberg)
- Bernanke Doubling Down on Housing Bet Asks Government to Help: Mortgages (Bloomberg)
- Europe Banks Resist Draghi Bid to Avoid Crunch by Hoarding Cash (Bloomberg)
- Europe Fears Rising Greek Cost (WSJ)
- ECB’s Nowotny Sees Risk of Mild Recession in Euro Region (Bloomberg)
- Republican Senators Criticize Fed Recommendations on Housing (Bloomberg)
- Spanish Banks Try to Build Their Way Out of Home Glut (WSJ)
- Europe Stocks Fluctuate After German Auction (Bloomberg)
While nearly three months after the MF Global bankruptcy nobody still has any idea where the billion + in commingled client money has gone, nor why Corzine is still out and about walking freely, the former CEO of both Goldman, MF Global and New Jersey is rumored to be looking for office space at 40 Wall. Reports the WSJ: " Jon S. Corzine, who resigned as chief executive of MF Global Holdings Ltd. shortly after the securities firm collapsed in October, recently has been looking for office space in Manhattan, according to people familiar with the situation. One of the locations he seems interested in: brokerage firm John Carris Investments, at 40 Wall St., around the corner from the New York Stock Exchange, these people said. Employees at the small firm have been told that the former Goldman Sachs Group Inc. chairman and New Jersey governor might drop by, one person familiar with the situation said." Ostensibly, the space would be in the form of a sublet from John Carris. Which is great: finally all those thousands of people who still have no recourse to their cash will know precisely where to find Jon and express their gratitude and his pillaging of their investments in a failed attempt to cover up his stupidity.
The story of Goldman's missing PT data has now entered the twilight zone.
Goldstein at Reuters reports that Goldman spokesman Michael Duvally notified
him that Goldman did in fact not only perform its usual NYSE SLP domination, but also reported of this, as it does every week:
“According to the data Goldman Sachs submitted, we are certain we
were among the
top firms in terms of program trading volume for the week ending June 26.”