This page has been archived and commenting is disabled.

How Wall Street's Bankers Survived Sandy

Tyler Durden's picture


For millions of common people in New York and New Jersey, Sandy has been a historic disaster, with leaving ruined, homeless or forced to live in the dark and cold indefinitely. Sandy was a historic event for the Wall Streeters (a term used loosely as many of them reside in midtown or in Connecticut) among us too. And now, courtesy of Bloomberg's Max Abelson, we see how some of them managed to (just barely) scrape through...

Kilimanjaro Capital:

“I had to go to the wine cellar and find a good bottle of wine and drink it before it goes bad,” Murry Stegelmann, 50, a founder of investment-management firm Kilimanjaro Advisors LLC, wrote in an e-mail after he lost power at 6 p.m. on Oct. 29 in Darien, Connecticut.


The bottle he chose, a 2005 Chateau Margaux, was given 98 points by wine critic Robert Parker and is on sale at the Westchester Wine Warehouse for $999.99.


“Outstanding,” Stegelmann said. He started the day with green tea at Starbucks, talking with neighbors about the New York Yankees’ future and moving boats to the parking lot of Darien’s Middlesex Middle School.

Credit Suisse:

Wilson Ervin, a senior adviser to Credit Suisse Group AG CEO Brady Dougan and a former chief risk officer at the Zurich- based bank, started the work week at 9 a.m. at the Hudson River, just north of Battery Park City, watching the weather worsen with his two daughters.


“The Hudson had some enormous whitecaps and looked a bit like a surfing-movie set from Hawaii,” he said in an interview. “The kids think that’s pretty cool.”


Ervin, 52, wearing black water-repellent pants and a yellow raincoat, went to the bank’s office at 11 Madison Ave. afterward to work on evaluations of managing directors and financial regulation. He ate a lunch of Raisin Bran, coffee and a banana from the 7-Eleven downstairs, he said.

Goldman Sachs:

Pablo Salame, 46, one of three Goldman Sachs Group Inc. (GS) executives who oversee sales and trading, ate better. He posted a picture of 21 pieces of sushi on a Twitter account in his name on Oct. 29. “Only in NYC, Seamless Sandy sushi delivery in TriBeCa, Monday 730 pm,” the post said.

Morgan Stanley:

Morgan Stanley’s Gorman worked from the firm’s Times Square headquarters until mid-afternoon on Oct. 29, making him one of the last people to leave the building hours before Sandy made landfall, according to a person who works with him. He returned to the office the next day wearing blue jeans for the first time since he became CEO in 2010, the person said.


Sandy struck New York 13 days after Citigroup Inc. (C) directors ousted CEO Vikram Pandit and replaced him with Michael Corbat. The new boss, 52, spent time before the storm hit at the bank’s 399 Park Ave. “command center,” where he was briefed by senior managers, according to Shannon Bell, a spokeswoman.


The bank’s offices at 111 Wall St. were damaged that night when the storm battered lower Manhattan.


"The building experienced severe flooding and will be out of commission for several weeks,” Corbat wrote in a memo to employees yesterday.

WL Ross:

Wilbur Ross, who built a company from distressed U.S. coal assets and sold it last year for $3.4 billion, said on Oct. 29 that he’s staying out of New York for the week.


“I was scheduled to come back Sunday night, and I decided not to, because everything during the week would be canceled anyway,” said Ross, chairman of private-equity firm WL Ross & Co. “I’m stuck in Palm Beach.”


He stayed in touch with colleagues using a fax machine along with phone and e-mail. His Florida home includes a painting by Rene Magritte of petrified blue apples, an image that is also depicted on a custom-made Van Cleef & Arpels watch he owns, he told Bloomberg News this year.


Thomas Russo, 68, American International Group Inc.’s general counsel, said he planned to work from home on Manhattan’s Upper East Side, where he has a view of Central Park, through at least Nov. 1.


“Central Park looks the same as it always does at this time of year, an array of colors giving pleasure to the eye and peace to the mind,” the former chief legal officer for Lehman Brothers Holdings Inc. said after the storm.


Sean Gambino, who trades consumer stocks for Schottenfeld Group LLC, said his South Street Seaport neighborhood was “ruined” by a storm surge. He wrote instant messages because his phone wasn’t working.


“I now know what people feel like when you see them on TV and see their whole worlds just wiped away,” Gambino wrote. “Cars were just all over.”


His apartment’s lobby and basement were flooded.


“Think Katrina, but now it’s us,” he said.

So now you know. And don't forget: in an absolute catastrophe, it's bankers, women and children first.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 10/31/2012 - 11:33 | 2934575 lolmao500
lolmao500's picture

They had their apocalypse bunkers made of taxpayers $100 bills right?

Wed, 10/31/2012 - 11:59 | 2934681 Buckaroo Banzai
Buckaroo Banzai's picture

Just goes to show, when you're putting your preps in, the best prep of all is to be unbelievably rich and well-connected.

Wed, 10/31/2012 - 12:05 | 2934707 ACP
ACP's picture

Well, like the old saying goes, if you can't beat 'em, hang 'em.

Wed, 10/31/2012 - 12:07 | 2934723 jmcadg
jmcadg's picture

+1 ACP.

Wed, 10/31/2012 - 12:33 | 2934791 economics9698
economics9698's picture

Bail outs via the printing press.


Citigroup: $2.5 Trillion ($2,500,000,000,000)
Morgan Stanley: 
$2.04 Trillion ($2,040,000,000,000)
Merrill Lynch: 
$1.949 Trillion ($1,949,000,000,000)
Bank of America: 
$1.344 Trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): 
$868 billion($868,000,000,000)
Bear Sterns: 
$853 billion ($853,000,000,000)
Goldman Sachs: 
$814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): 
$541 billion ($541,000,000,000)
JP Morgan Chase: 
$391 billion ($391,000,000,000)
Deutsche Bank (Germany): 
$354 billion ($354,000,000,000)
UBS (Switzerland): 
$287 billion ($287,000,000,000)
Credit Suisse (Switzerland): 
$262 billion ($262,000,000,000)
Lehman Brothers: 
$183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): 
$181 billion($181,000,000,000)
BNP Paribas (France): 
$175 billion ($175,000,000,000)  GAO Report

It's easy to be smart when you own the bank. 


Tyler I hope you don't mind but I am going to rip this off for my blog.  Send a nasty gram if you object.


Wed, 10/31/2012 - 13:14 | 2934981 Stackers
Stackers's picture

it's bankers, women and children first


And in that order too. lol

Wed, 10/31/2012 - 14:39 | 2935255 AldousHuxley
AldousHuxley's picture


it's bankers, banker's wives & mistresses, and banker's children, then banker's throughbreds and show dogs....

Wed, 10/31/2012 - 15:35 | 2935473 hangemhigh
hangemhigh's picture


it's bankers, women and children first...And in that order too. lol

if the babes are hot enough they'll leave the children behind....unless of course the bankster(s) in question are bent that particular way...............

Wed, 10/31/2012 - 15:41 | 2935490 Flakmeister
Flakmeister's picture


Wed, 10/31/2012 - 17:10 | 2935638 Elliott Eldrich
Elliott Eldrich's picture

For a total of 16.115 trillion dollars (from the report). Wow. 

Wed, 10/31/2012 - 12:24 | 2934799 knukles
knukles's picture

Talk about hanging, just wait for the trials of the criminals in the Kangaroo Courts if the Revolution (as some forecast) were to take place.
The prosecution presents the following Tweets as evidence

As speedy as Newt Gingrich passing bills in the House, Guilty!, Guilty!, Guilty!

But hey, new employment opportunities for practiced medieval executioners.  

Wed, 10/31/2012 - 13:11 | 2934978 ACP
ACP's picture

I'll gladly volunteer to be the guy in the black hood.

"Whoops, butterfingers! I promise this next one will be a clean cut. Hey guys, hold him still."

Wed, 10/31/2012 - 20:39 | 2936200 petolo
petolo's picture

ACP for Executioner. He,s fair, honest, clean cut and has his knot tying merit badge. He won,t let loose ends hang.

Wed, 10/31/2012 - 13:08 | 2934817 chumbawamba
chumbawamba's picture

Fund manager Wayne Dodsen had to put off his manicure because, as he put it, "The people at the salon are a bunch of big pussies!" He found himself having to forage for left over foie gras in his refrigerator before it spoiled, as he wasn't sure his 20,000 watt diesel back-up generator with the 500 gallon reserve fuel tank would carry him through the night.

I am Chumbawamba.

Wed, 10/31/2012 - 20:22 | 2936144 Tipo anónimo
Tipo anónimo's picture

Whoa Chumba, apparently you got back up again.  May you smash and burn the asshats that have recently shown up here mumbling about random shite.

Wed, 10/31/2012 - 12:30 | 2934826 Payable on Death
Payable on Death's picture

Well, exactly. The first reason that one gets an education, works hard, and lives below their means, is in order to deal with trouble. ZH is picking on banksters here--which I love. But, in the more common case we should appreciate those who have been responsible enough to take care of themselves.

Wed, 10/31/2012 - 14:47 | 2935289 AldousHuxley
AldousHuxley's picture

responsible thing to do here is to prosecute top bankers who made off with billions and don't bail out any banks.




Wed, 10/31/2012 - 14:52 | 2935309 JimBowie1958
JimBowie1958's picture

That 'smart enough to take care of themselves' consists of misleading investors, lying, theft, fraud, kissing their bosses asses and schmoozing their way up.

Hell Al Capone was more 'smart' than that.

Wed, 10/31/2012 - 12:34 | 2934840 fonzannoon
fonzannoon's picture

I wish the looters would start tweeting these assholes addresses.

Wed, 10/31/2012 - 13:01 | 2934953 Treeplanter
Treeplanter's picture

Blame our elected reps.  If they showed up with a dump truck full of money we would all show them where we wanted it dropped.

Wed, 10/31/2012 - 11:34 | 2934582 stinkhammer
stinkhammer's picture

what a bunch of pathetic losers!

Wed, 10/31/2012 - 11:46 | 2934638 Gene Parmesan
Gene Parmesan's picture

Heartless. You have people reduced to eating Raisin Bran and bananas (not to mention having to set foot in a 7-11), people stuck in Palm Beach, and others drinking thousand dollar bottles of wine well before their ideal maturity, and you call them pathetic? I for one will be praying for these poor souls.  

Wed, 10/31/2012 - 12:11 | 2934750 Urban Redneck
Urban Redneck's picture

That Bordeaux would taste like shit that far "before its ideal maturity" - 10 years minimum before drinking.  He's saying "drink it before it goes bad" and people trust this guy with their money?  (He's not early, he's wrong.)  You can get the same taste and quality for $30 at the corner store, and yet he chooses to telegraph stupidity and extravagance to the entire world?

Wed, 10/31/2012 - 12:22 | 2934793 Big Corked Boots
Big Corked Boots's picture

Two Buck Chuck, bitchez.

(three bucks in NJ, when the Princeton store reopens.)

Wed, 10/31/2012 - 12:24 | 2934798 slaughterer
slaughterer's picture

2005 Margaux is in a really hard, tannic, dumb phase.  The banker who drank it commited infanticide.   Just threw his money away.  

Wed, 10/31/2012 - 12:26 | 2934804 knukles
knukles's picture

Take it from a guy who Knows;
He's likely an alcoholic looking for an excuse to drink

Wed, 10/31/2012 - 12:32 | 2934834 Bastiat
Bastiat's picture

But if it's really expensive, it doesn't count.

Wed, 10/31/2012 - 12:43 | 2934875 jmcadg
jmcadg's picture

I'd have had more respect if he'd admitted to pulling out a 2l bottle of White Lightning.
Actually I'd still think he's a cock.

Wed, 10/31/2012 - 13:03 | 2934956 Strider52
Strider52's picture

I'd like to try some of this beer, mostly cuz I love the name: Tactical Nuclear Penguin. Supposedly the stronest beer made.

Wed, 10/31/2012 - 16:40 | 2935633 Uncle Remus
Uncle Remus's picture

How get bombed like "King" Kong and come back for more...

Wed, 10/31/2012 - 13:01 | 2934949 reading
reading's picture

Just another egomaniac...needed everyone to know he has more money, more bottles, more of everything...well, he's probably got less of.. you-know. They all do, just masking their minimalism. 

Wed, 10/31/2012 - 14:07 | 2935149 Flakmeister
Flakmeister's picture


I have a 1990 Pavillon Rouge (Margaux's 2nd) that I will crack very shortly...

It will likely be a bit tired but I do like a hint of tawny...

For my birthday in september I had my last 1990 Ch. Fortia Ch.N.dP, 'twas divine.....

Wed, 10/31/2012 - 15:10 | 2935316 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Looks like Mr. Steglemann is also in a "dumb phase" though I'm guessing it's a permanent affliction.  Too bad his clients don't know.

Wed, 10/31/2012 - 12:32 | 2934830 Tango in the Blight
Tango in the Blight's picture

Some people have all the money and no sense of taste and just blow their away on things of great name and quality but they can't really appreciate them.

Others have a great sense of taste but have to save up for months to afford a meal at a fine Michelin-class restaurant.


Wed, 10/31/2012 - 12:51 | 2934915 DCFusor
DCFusor's picture

Yup.  And some of us even learn to cook well enough that the extra trouble to go out is pointless.

Wed, 10/31/2012 - 13:56 | 2935118 e_goldstein
e_goldstein's picture

Yep, and some of us hijack airplanes, strap bags of cash and parachutes to our bodies, and jump out over the Columbia river gorge later to start a gentleman's club north of Houston.

I'm on to you, Tango ;-)

Wed, 10/31/2012 - 11:35 | 2934585 RacerX
RacerX's picture

Yep, I think it's Bankers, Women, and Children first. Well, minus the Women and Children.

Wed, 10/31/2012 - 11:47 | 2934647 malikai
malikai's picture

Women.. Children.. In the banker's lifeboats?

How quant.

Wed, 10/31/2012 - 11:59 | 2934684 Gene Parmesan
Gene Parmesan's picture

I'm pretty sure the women and children would be categorized as "provisions" in that scenario.

Wed, 10/31/2012 - 12:26 | 2934808 A Nanny Moose
A Nanny Moose's picture

Children? Is there a Roman Catholic priest onboard?

Wed, 10/31/2012 - 12:41 | 2934861 Gene Parmesan
Gene Parmesan's picture

You don't have to be a man of the cloth to appreciate a nice tender steak.

Wed, 10/31/2012 - 12:12 | 2934698 Pseudo Anonym
Pseudo Anonym's picture

for $100, bankers' sacrifice offered to lucifer.  alex, that would be:

Women.. Children.. In the banker's lifeboats

Wed, 10/31/2012 - 12:27 | 2934809 knukles
knukles's picture



I saw what you did there

+ a bazillion

Wed, 10/31/2012 - 12:17 | 2934771 duo
duo's picture

bet we still get to listen to the string quartet, and make snowballs from the ice shavings on the deck.

Wed, 10/31/2012 - 12:49 | 2934904 Itch
Itch's picture

Dont forget the green tea! (yawn)

Wed, 10/31/2012 - 11:36 | 2934591 vinayjha
vinayjha's picture

Wall street banker can survive anything as long as FEd is behind them.

Wed, 10/31/2012 - 11:39 | 2934598 Schmuck Raker
Schmuck Raker's picture

By eating their young.

Wed, 10/31/2012 - 12:20 | 2934782 forwardho
forwardho's picture

The rats or the humans? Human bankers = oxymoron

Wed, 10/31/2012 - 11:38 | 2934601 Rainman
Rainman's picture

There are more rats than humans in NYC and the rats are doing just fine.

Wed, 10/31/2012 - 11:38 | 2934602 Bahamas
Bahamas's picture

Cruise ship: Schettino rules!

Wed, 10/31/2012 - 11:38 | 2934603 Flakmeister
Flakmeister's picture

Sad to think that it will be only the sociopaths that come through the Long Emergency...

Wed, 10/31/2012 - 12:58 | 2934938 Quazi Mohammad ...
Quazi Mohammad Rezwanul Ahsan Nafis's picture

You should be just fine.

Wed, 10/31/2012 - 14:09 | 2935155 Flakmeister
Flakmeister's picture

Nice try....

I am guilty of many sins, but being a sociopath ain't one of them....

Wed, 10/31/2012 - 11:40 | 2934606 Cognitive Dissonance
Cognitive Dissonance's picture

"So now you know. And don't forget: in an absolute catastrophe, it's bankers and their women and children first."

Fixed it for ya Tyler. 

<It's all in the family.>



<<And don't forget the mistress and her stupid little dog.>>

Wed, 10/31/2012 - 11:39 | 2934607 MsCreant
MsCreant's picture

Let them drink wine and eat cake! 

Most of them have no sense of how they look to us, and those that do are deliberately gloating.

Wed, 10/31/2012 - 16:45 | 2935648 Uncle Remus
Uncle Remus's picture

"Most of them have no sense of how they look to us [...]"

Generally with superimposed cross-hairs, but it just might be the Terminator contacts I got for Halloween...

Wed, 10/31/2012 - 11:40 | 2934612 Antifederalist
Antifederalist's picture

Let them eat cake. 

Wed, 10/31/2012 - 13:01 | 2934952 resurger
resurger's picture

Am having grilled rats for dinner, care to join?

Wed, 10/31/2012 - 13:27 | 2935024 Jim in MN
Jim in MN's picture

There is a recipe in the Larousse Gastronomique, the 'mother encyclopedia' of French cooking.  Supposedly it dates from the days of the barricades in 1870 Paris.  But I have not tried it.

Wed, 10/31/2012 - 13:44 | 2935077 resurger
resurger's picture

Jesus JIM! You serious lol


Wed, 10/31/2012 - 15:15 | 2935402 Jim in MN
Jim in MN's picture

Oh I would not make up such a thing:


Rats inhabiting wine cellars should be skinned and eviscerated, brushed with a thick sauce of olive oil and crushed shallots, and then grilled over a fire of broken wine barrels.

Wed, 10/31/2012 - 16:11 | 2935580 walküre
walküre's picture

It's for the morning after the revolution. The broken wine barrels gave it away.

Wed, 10/31/2012 - 11:41 | 2934619 holgerdanske
holgerdanske's picture

Stop moaning and do something about it. Don't invest with the banks, pull your money out and buy physical gold.

That is what is going to happen, indeed what has to happen, in any case.

Might as well get the advantage of being ahead.

If you don't play the game, how are they going to scam you?


Goes for the stock market too!

Wed, 10/31/2012 - 12:01 | 2934688 MsCreant
MsCreant's picture

Done, done, done, and done. 

No offense, but this is the choir here. We know this tune. We've been singing it in all the contatas since this website's inception. I've been a part of this choir since 2006. 

Wed, 10/31/2012 - 12:15 | 2934763 Spastica Rex
Spastica Rex's picture

An often dissonant and shrill choir.

Wed, 10/31/2012 - 16:47 | 2935656 Uncle Remus
Uncle Remus's picture

You'll miss them when they're gone...the voices.

Thu, 11/01/2012 - 16:29 | 2938779 are we there yet
are we there yet's picture

Turned off the TV ... do not miss it. 

Wed, 10/31/2012 - 12:03 | 2934700 Abednego
Abednego's picture

Dude - open your eyes and recognize that WE are NOT funding this madness by buying stock or investing in banks... we are funding the madness by paying our taxes. The Fed's unlimited supply of easing, twisting and injecting - coupled with tax breaks for the rich and good old US protectionism.... Think about it - if we all bought gold and let the banks fail... they wouldn't ... super ben and his cohorts would keep financing expensive wines and sushi while the homeless and jobless continue to fight tooth and nail for the help they so deserve....

Wed, 10/31/2012 - 12:34 | 2934839 holgerdanske
holgerdanske's picture

Yeah, you are right. But you have let the wolves loose in your country and the world. It would not have happened had the American people stood their ground.

But, you are right. Stop paying your taxes! What on earth are they going to do to over 100 million people sitting on their wallets?

Jail a couple of hundred thousands, once the minorities have been let loose to make space?

It has to come, or you will continue to fund and perpetuate this complete madness.

Remember, nothing of value was ever gained if you were not prepared to fight.

So fight.!

Wed, 10/31/2012 - 12:37 | 2934847 dark pools of soros
dark pools of soros's picture

they make you pay taxes to keep control...  they dont give a crap about your nickels..they go in the petty cash drawer...  they will print to spend as much as they want anyway





Wed, 10/31/2012 - 12:45 | 2934886 MsCreant
MsCreant's picture

Against our will, even when phone calls come in 100-1 against, 300-1 against (TARP vote). Even when it is voted down, they call another vote. They pledge it in our names, our children's names. This is the crime.

Wed, 10/31/2012 - 21:30 | 2936356 dark pools of soros
dark pools of soros's picture

the vote down of TARP was the last gasp of America..  and then they dove the market and bribed the 13

Wed, 10/31/2012 - 13:41 | 2935065 holgerdanske
holgerdanske's picture

I think you are right here too!

So what's left then.



Wed, 10/31/2012 - 21:32 | 2936367 dark pools of soros
dark pools of soros's picture

local economies filled with barter would happen first..  and then when they come to outlaw it you may get some mini revolutions but the game is a science now.  They know to do things slowly and in small doses..  boiled frogs town by town


Wed, 10/31/2012 - 11:43 | 2934629 j-dub
j-dub's picture

Imagine, when Sandy hits, being stuck in the bowels of the champagne room at Scores all night. You can't leave. You have nothing to do but get lap dances from big titted 20 somethings. NOTHING!
This is much worse than Katrina

Wed, 10/31/2012 - 12:03 | 2934701 MsCreant
MsCreant's picture

You think the dancers are gonna stay there and dance for you? They are better survivors than most and will have cleared out long ahead of the rats. They are like bankers except they have rules, boundaries, and integrity.

Wed, 10/31/2012 - 12:41 | 2934860 dark pools of soros
dark pools of soros's picture

if the ATM machines and boob bucks credit lines stay open, them girls are staying

Wed, 10/31/2012 - 11:44 | 2934633 youngman
youngman's picture

I was stuck in Palm Beach says wilber.....well....why not buy a place in a location where you will not be "stuck" in....

Wed, 10/31/2012 - 12:00 | 2934685 Offthebeach
Offthebeach's picture

"..stuck in Palm Beach..."

As if it was the old Conrad's Belgian Congo or a raw pork salesmen going door to door in Faluja. Iraq.

Wed, 10/31/2012 - 12:42 | 2934868 Ruffcut
Ruffcut's picture

Dickweed wilbur is complete truth that only the good die young.

Its ok to be rich, but being so shallow is so telling of being a worthless peice of shit.

Wed, 10/31/2012 - 11:45 | 2934640 ptoemmes
ptoemmes's picture

BTW - how did The Hamptons fare?

Wed, 10/31/2012 - 11:47 | 2934646 Big Corked Boots
Big Corked Boots's picture

I wonder how much tip the Goldman sushi-pig left the delivery boy.

Let's hope his fugu came from Fukushima.

Wed, 10/31/2012 - 12:09 | 2934735 Whoa Dammit
Whoa Dammit's picture

People like him don't tip. They think everyone should be honered to wait on them. 

Wed, 10/31/2012 - 11:59 | 2934649 Dr. Engali
Dr. Engali's picture

$1,000 bottle of wine. That's more than my monthy mortgage bill.

Wed, 10/31/2012 - 16:50 | 2935662 Uncle Remus
Uncle Remus's picture

Ditto here, and I'll toss in insurance and utes (elec, water, trash, sewer) less the NG.

Wed, 10/31/2012 - 11:48 | 2934652 yogibear
yogibear's picture

The bankers will make huge sums of money from this disaster. Their always skimming the transactions, loans, etc.

Banker: "More bottles of $2000 wine."

Money is no object because their supplied with infinite funds.

Wed, 10/31/2012 - 11:49 | 2934657 jbvtme
jbvtme's picture

TD...can you get a message to goldman, buffet and gates and ask them how much money they are contributing to rebuilding new york city?

Wed, 10/31/2012 - 11:51 | 2934659 Crtrvlt
Crtrvlt's picture

nyc needs a boondock saints type vigilantism to happen to all the scum on wall street

Wed, 10/31/2012 - 11:52 | 2934662 writingsonthewall
writingsonthewall's picture

Well worth the money?

Wed, 10/31/2012 - 11:52 | 2934664 CoolBeans
CoolBeans's picture

All the money and luxuries in the world will only last 'em so long when the sh*t really hits the fan.  They have no real-world survival skills (most of 'em).  They are used to having everything done for them - and will become sniveling skill-less hanger-ons curled up in the fetal position in their lux penthouses.  

Wed, 10/31/2012 - 12:28 | 2934821 SISSYFUSS
Wed, 10/31/2012 - 16:07 | 2935563 tip e. canoe
tip e. canoe's picture

that video says more about wall street than a thousand blogs. pure gold.

Wed, 10/31/2012 - 11:54 | 2934669 Cursive
Cursive's picture

Stegelmann's future is about as bright as A-Rod's.

Wed, 10/31/2012 - 12:00 | 2934678 Bansters-in-my-...
Bansters-in-my- feces's picture

Speaking of bankers,I see they put the one year gold lease rate on sale overnight.

Back up this morning though.

The bankers let thier friends load up for cheap (paid them to take it) on the one year lease.

Silver lease rate for the one year JUMPED to 0.875 which is the highest it's been in a long time.

Something is up in the PM your A$$es

Check out the lease rate charts for the last couple days and lastnight.

Sumptin up.....

Wed, 10/31/2012 - 12:05 | 2934708 youngman
youngman's picture

I agree really really quiet on the PM front...but yet we hear of new QE´s and countries central banks buying large amounts....and Germany wanting theirs...maybe that is what the EU finance ministers are talking about today....?????hmmmmm

Wed, 10/31/2012 - 12:03 | 2934682 helping_friendl...
helping_friendly_book's picture



“I had to go to the wine cellar and find a good bottle of wine and drink it before it goes bad,” Murry Stegelmann, 50


Wine goes bad? Isn't that what cellars are for? This moron lives in Westchester? What a Wanker!


Kevin! Sub 1400 damnit!


We are counting on YOU son! Close the porn window and start shorting emini futures. 


Wed, 10/31/2012 - 12:01 | 2934693 Silver Garbage Man
Silver Garbage Man's picture

If you look real close you can karma off in the distance getting closer slowly but surely.and it ain't good karma.

Wed, 10/31/2012 - 12:02 | 2934696 Grey-Ghost
Grey-Ghost's picture


ROSE: Half the people on this ship are going to die!
CAL: Not the better half.



Wed, 10/31/2012 - 12:04 | 2934703 Mad Mohel
Mad Mohel's picture

Poor Wilbur "Stuck in Palm Beach" Ross. Can you imagine the indignation!?

And pity Sean "Our Katrina" Gambino. "How could God do that to us? We are white and have money for christ's sake!"  Someone needs to tell Gambino that he belongs in another branch of oraganized crime.

Wed, 10/31/2012 - 12:06 | 2934713 jmcadg
jmcadg's picture

Hey Stegelmann - only a 2005 Chateau Margaux,

You fuckin' pleb, drinking a 98. Fuckwit.

Wed, 10/31/2012 - 12:06 | 2934714 Cosimo de Medici
Cosimo de Medici's picture

So Brady Dougan's advisor is bad for eating Raisin Bran, but ZH's hedgeless horseman is cool when he posts photos of his dinner of t-bone steaks?  The Chateau Margaux guy is bad for drinking and boasting of a $1000 wine, but ZH posters who brag about 10,000 rounds of ammo and the latest scope for their H&K PSG-1 are to be admired?  Somebody trying to start a class war here? 

Perhaps the water level is higher than I thought, but I don't see anybody here occupying the moral high ground.

Wed, 10/31/2012 - 12:09 | 2934733 jmcadg
jmcadg's picture

Nothing wrong with HH, just plenty of respect, everything wrong with Stegelmann. The rest ... whatever.

Wed, 10/31/2012 - 12:12 | 2934751 MsCreant
MsCreant's picture

You know better than this. Context matters. These comments have been made in the backdrop of a disaster. Hedgeless shows us a meal that was produced on his farm. He and his wife did that (not Obama). That is what impresses me. He is not flaunting it during a disaster. 

Wed, 10/31/2012 - 12:15 | 2934760 jmcadg
jmcadg's picture

You got it MsCreant. Lots of time for HH. Wish I was as well adjusted!

Wed, 10/31/2012 - 12:28 | 2934820 Cosimo de Medici
Cosimo de Medici's picture

The wine guy is flaunting, yes.  The other people merely answered a question, and the question was what did they do during the storm.  Yes, they didn't save widows and orphans from certain disaster, but neither did Tyler. This post is pure pandering to the "I hate everything" crowd.  It's click bait.  The Titanic bit is just gratuitous.

Yes, there are plenty of a-holes on WS, but there are plenty of a-holes on ZH, too.  Contrary to popular opinion, there are actually bankers who add value to society, unless you are against the aggregation of capital that puts it into the hands of someone with a great idea but no cash.  Some still do that.  Not everybody can be a farmer.

Wed, 10/31/2012 - 12:40 | 2934855 drivenZ
drivenZ's picture

didnt you know everyone on ZH is an entreprenuer/volunteer firefighter/farmer/banker at a credit union/doctor? Oh and they're also saving the world by posting at ZH. Ha.   

Wed, 10/31/2012 - 16:17 | 2935599 tip e. canoe
tip e. canoe's picture

i prefer kickstarter, but that's me. and yes, everyone can be a farmer, even on a balcony. that people would rather let others handle the dirty work (and then try to skim off the value of such through deception & oppression to fund their Egos) is a major part of the Big Problem.

Wed, 10/31/2012 - 12:39 | 2934853 knukles
knukles's picture

Nobody's trying to start a class war.
It's been fully engaged for quite some time

Veiled views of the future once granted by an Angel of Mercy shall never again be within one's grasp.
Once aware one may never retreat to the imaginary.


Wed, 10/31/2012 - 12:49 | 2934907 MsCreant
MsCreant's picture

Come on babe, you know with enough booze, drugs, sex, status, American Idol, video games, movies, we can drown out anything!!


Wed, 10/31/2012 - 12:46 | 2934892 Swarmee
Swarmee's picture

Look, I have no love for any R or D candidate but you can't make a post about how context matters and then midway through bash Obama by taking his comment out of context. The 'that' in "you didn't build that" was clearly referring to the US infrastructure that all business rely on to some extent, and no, we did not all build it in the same way that one builds their own business. You are either ignorant of the full context or willfully ignoring it to have something to bash. Which is it? There are plenty of real problems to be upset about, but why let the facts get in the way of a snarky line, right?

Wed, 10/31/2012 - 12:59 | 2934943 MsCreant
MsCreant's picture

I bash all equally in this farce we call a political system. The steering function is broken and stuck on an unholy auto pilot.

To the Obama comment: YES THOSE BUSINESS PEOPLE DID BUILD THAT INFRASTRUCTURE! They did so with their tax dollars. It enabled others to do the mental and physical labor. ALL of us built it. His comments sound entitled and insensitive. Our money is taken from us by force. We will be jailed if we don't pay. What a smack in the face if you own a business (I do not by the way, I just respect the hell out of it). He really made a bad call with that comment and deserves all the crap he gets (even the misinterpreted stuff).

Wed, 10/31/2012 - 23:52 | 2936599 Cosimo de Medici
Cosimo de Medici's picture

I see.  I guess I just didn't know that the only disaster taking place on the planet in the last few years is Sandy.  I didn't know "context" means what is on your TV, right now, and not what is in someone's face every day of their miserable existence.  I stand corrected.  Now can I please join the mindless mob of ZH's own Whine Cellar, grab my boiled rope, and string up the guy who spent the day with his daughters, ate that elitist Raisin Bran bought from upscale Sept-Onze, did a little work, and answered a question posed by a financial news organization about what that financial type did during the storm? Such evil that guy!

Those who get riled, some to the point of violence, because a man ate Raisin Bran with his two daughters ought to take a day or two and climb out of the Whine Cellar.  Clear the head.

Not that I was ever at a loss, but just reading this thread I can see why we burned witches.  I see the boiling cauldrons of bile from which collective madness arises.

Thu, 11/01/2012 - 10:57 | 2937510 MsCreant
MsCreant's picture

The cauldrons are boiling because no one will arrest anyone. You know this too.

Thu, 11/01/2012 - 11:58 | 2937698 Cosimo de Medici
Cosimo de Medici's picture

Vengeance must be precise, accurate and fair, otherwise it is merely another sin of equal evil.  Anger is no excuse, but anger is what drives the equation.  I see it here every day, albeit it is, so far, an impotent rage.

Wed, 10/31/2012 - 16:19 | 2935601 walküre
walküre's picture

Somebody trying to start a class war here?

Those wars aren't typically started by any one single person or group. They start because the elite fucks the poor and skims off the top until nothing is left for the rest. They could have been reasonable in 2008 but didn't want to listen then. They're not listening now. Whatever is coming at them is due to their own corruption, greed and ignorance. C'est la vie.

Wed, 10/31/2012 - 12:08 | 2934725 fuu
fuu's picture

Has Jamie verified whether he had a second puppy for dinner Monday night?

Wed, 10/31/2012 - 12:10 | 2934739 Inthemix96
Inthemix96's picture

Just a thought.  What exactly will our $1000 wine drinking imbecile do should the plans of the bankers and the 1% win?

Does he realise that somewhere down the line, one of little people, well below his super status have to grow, tend, harvest, and produce his $1000 bottle of plonk?

A friend of mine pointed this out to me the other day and it rings true.  These trully imbecilic individuals have no idea how the actual real world operates.  Should they be left to fend for themselves, and have to do something constructive, or even something to keep them fundamentally alive, would they even know what the fuck the were facing?

Sadly, I believe they think fine wine grows on fucking trees?????  Imbecilic isnt even close.

Wed, 10/31/2012 - 12:11 | 2934748 mendolover
mendolover's picture

Oh well.  So much for hoping to see one of these bastards in line at Home Depot with their little gas can waiting for the generators to come off of the tractor trailer.

Wed, 10/31/2012 - 12:14 | 2934759 azzhatter
azzhatter's picture

This cocksucker from Goldman felt it necessary to photo his sushi? I wish I could meet him and beat him senseless.

Wed, 10/31/2012 - 12:53 | 2934920 Whoa Dammit
Whoa Dammit's picture

From his photo (first one on far right at link below) someone may have gotten to him first.Or he could be just Natural Born Ugly.

Wed, 10/31/2012 - 13:17 | 2934994 Rockfish
Rockfish's picture

Not one tat on any of those wonks.

Wed, 10/31/2012 - 20:40 | 2936201 TheFourthStooge-ing
TheFourthStooge-ing's picture


From his photo (first one on far right at link below) someone may have gotten to him first.Or he could be just Natural Born Ugly.

He regularly climbs the ugly tree, falls, and hits every branch on the way back down.

Also, why does the icon on his shirt have a blue boner and nutsack?

Wed, 10/31/2012 - 21:22 | 2936340 jmcadg
jmcadg's picture

Truly not seen so much mutton in many a year!

Add in some tefal headed ugly fruit and it's quite an array.

Show's money can't do everything.

Wed, 10/31/2012 - 21:37 | 2936375 akak
akak's picture

Tennis: So easy, a caveman can do it.

Wed, 10/31/2012 - 12:23 | 2934796 drivenZ
drivenZ's picture

yea, katrina this was not. I was in the weeds of it in jersey city. My car is totaled as are a lot of others but the majority of the flood prone areas in Jersey and manhattan are in wealthy areas, high rise buildings etc. Not much loss of life which is really the only thing that matters. The rest of the damage will just boost GDP. 

Wed, 10/31/2012 - 16:24 | 2935608 walküre
walküre's picture

boost GDP? sure, because rebuilding and repairing is so cheap and especially since money for the real economy is readily available.

big fat "no" on that one.

Wed, 10/31/2012 - 12:27 | 2934815 recidivist
recidivist's picture

The true inconvenience won't be apparent to the 0.01% until the help hasn't shown up for a few weeks and they have dust bunnies like the rest of us, plus hampers full of towels that smell like hockey pads...face wash, anyone?

Wed, 10/31/2012 - 12:28 | 2934819 101 years and c...
101 years and counting's picture

"it's bankers, women and children first."

oops.  you mean "its bankers, bankers' mistresses, bankers pets".....and everyone else dies.

Wed, 10/31/2012 - 12:36 | 2934846 Bastiat
Bastiat's picture

That photo of the Goldman building lit up over a darkened NYC should become iconic.  Maybe a caption contest is in order?

Wed, 10/31/2012 - 20:39 | 2936198 are we there yet
are we there yet's picture

Caption: Goldman owns the night, Politicians, and congress.

Wed, 10/31/2012 - 12:39 | 2934852 Bansters-in-my-...
Bansters-in-my- feces's picture

Kitco shows that Gold lease rates are the deal of the century.

Yesterday though you could have leased gold for -0.55 % for a one year lease, back up today but the 6 month lease rate still looks like a deal.I would go for that.

Ps...I know you read ZeroHedge Jon Nurdler.

Wed, 10/31/2012 - 12:57 | 2934937 adr
adr's picture

Mr. _stein we can save your mother or you can get her million dollar life insurance policy, what would you like us to do?

Oh sorry, was that supposed to be a question? Where's the plug.

Wed, 10/31/2012 - 13:01 | 2934950 q99x2
q99x2's picture

Everybody has too much money and not enough wisdom.

Wed, 10/31/2012 - 13:07 | 2934964 walcott
walcott's picture

why not make the best of it?

Wed, 10/31/2012 - 13:30 | 2935033 Jim in MN
Jim in MN's picture

I think the photo of the skyline dark at dawn...except for the gleaming golden beacon of the Goldman building...says everything that needs to be said.

Wed, 10/31/2012 - 13:31 | 2935037 passwordis
passwordis's picture

I don't understand the point of this article or the responses. I understand the point that was trying to be made but it fails miserably.

I guess you can interpret Stegelman's response negatively if that's your perspective but what's so provoking about the rest of the comments? Serously, can someone point it out to me because I don't see it.

  The headline suggests we were about to be told that all of them rented a private jet and flew to Jekyll Island to count the ways in which they will benefit financially from the "storm of the century" but instead all we get is "I went to my office to work" and "I opened some expensive wine"

Wed, 10/31/2012 - 13:44 | 2935075 azzhatter
azzhatter's picture

If you don't see anything wrong with a guy photographing and posting his sushi meal while others are just trying to suvrvive or an asshole like Wilbur Ross saying "I'm stuck in Palm Beach" while others have their lives torn apart you make a good candidate for their club

Wed, 10/31/2012 - 13:59 | 2935122 passwordis
passwordis's picture

No, I don't see anything wrong with either. My brother joked that he was stuck in Colorado for the week.. So what.

  This may surprise you but there are people in peril, trying to survive all around the world everyday, Does that fact prevent you from enjoying your life?   I was eating Pizza and enjoying it as we watched the storm out of my windows. Should I feel bad that the pizza was good and we were having a nice time just because someone along the coast was in a much worse predicament?

Put this storm in context. In terms of lose of human life, this storm does not even register on the scale.


Wed, 10/31/2012 - 14:10 | 2935156 Jugdish
Jugdish's picture

You are playing the relativist card. Screw you and your banker buddies.

Wed, 10/31/2012 - 22:40 | 2936531 passwordis
passwordis's picture

 I'm not playing any card.  I'm a believer in the theory of relativity.  In addition I don't have any banker buddies. I don't even have a bank account. 

 The financiers of the world are some of my least favorite people but that does not mean I take an email or tweet and read something that's not there.  As I said, My brother jokingly said that he is stranded on vacation and work will have to wait.  Does my brother deserve your wrath as well for joking that he is on an extended vacation thanks to the storm?

Wed, 10/31/2012 - 16:01 | 2935549 jmcadg
jmcadg's picture


If you had tweeted how you were enjoying your pizza whilst people in the same city were struggling to cope, YOU would also be a twat.

The fact that you can't distinguish the difference says it all.

Wed, 10/31/2012 - 22:31 | 2936509 passwordis
passwordis's picture

The distinction you think exists is in your own mind. That's the problem.  It's your lack of cognitive ability which clouds your perspective.   You "think" the bankers are laughing at those people on the front lines. They're not. These are comments twisted in your mind to say something they don't.

 As far as your dipshit and twat comment, they come from the security of you being behind a computer screen, not any real balls you have.

Thu, 11/01/2012 - 08:16 | 2937065 jmcadg
jmcadg's picture



“I had to go to the wine cellar and find a good bottle of wine and drink it before it goes bad,”


OK, let's break this one down. Explain why you would tweet the above during the storm?



How imperitive was this at that point, let alone tweet it to the world!


If you cannot see the arrogance in this, I pity you.


As for the bankers 'NOT' laughing at everyone. Do recall the Libor emails?


As mentioned I did stress TWAT status if you HAD tweeted. As for security, there is nothing here I would not be prepared to say to your face given the opportunity.


Wed, 10/31/2012 - 15:12 | 2935391 Abednego
Abednego's picture

There was no commentary in the article to evoke emotions one way or the other.  It simply was a description of the facts.  We all read it, processed it and determined that some of these idiots were polishing their stolen silver while others were clinging for their lives and commented on the absurdity of the whole thing.  Let me guess - your password is entitled?

Wed, 10/31/2012 - 23:03 | 2936583 passwordis
passwordis's picture

 I'm sure you can find millions of tweets by every day normal people describing what they were doing during the storm and twist them into some type of terrible horrible arrogant provocative insults.

 Guess what? Every single day of your life someone is polishing their silver while others are clinging for their lives.

What were you doing in 2004 when the Indian ocean Tsunami killed 300,000 people?  Sandy was a bad storm that caused mostly inconvenience.  A few dozen deaths out of millions. Very sad for the families and friends but hardly worthy of the legendary status being given to it.

Wed, 10/31/2012 - 13:48 | 2935089 entropy93
entropy93's picture

I'm in rural California. Hate to ask but why is my cottage better prepared for a power outage than these trading firms? Power goes out, internet stays up, land line to generator backed up CO, deep cycle batteries and solar panel keep my router running.

Meanwhile with billions of dollars to blow for backup generators and redundant feeds these trading firms are fubar. Major malfunctions when essentially all they are dealing with is power outages.


Wed, 10/31/2012 - 14:09 | 2935147 passwordis
passwordis's picture

 It's not about power. Power is not going to address the floods, employess, transpertation repairs, fuel, police, canceled flights etc.



Wed, 10/31/2012 - 14:02 | 2935137 Totentänzerlied
Totentänzerlied's picture

Some idiot on the news was standing in front of Bowling Green Station telling viewers that MTA crews need to get the station's lines running again ASAP so Manhattan's financial professionals can get back to work "helping our economy".

Had to superglue my jaw back in place.

Wed, 10/31/2012 - 15:26 | 2935433 Bam_Man
Bam_Man's picture

That Stegelman douche obviously doesn't know squat about wine except for the fact that he can afford to overpay for it.

Drinking a 2005 Chateau Margaux anytime before 2016 is sheer stupidity. He might as well have drank a bottle of Carlo Rossi Hearty Burgundy. Just because his power is out does not mean his wine is going to spoil. How hot is it in Darien CT this time of year?

Do NOT follow this link or you will be banned from the site!