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How Wall Street's Bankers Survived Sandy
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.
AIG:
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.
Schottenfeld:
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.
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They had their apocalypse bunkers made of taxpayers $100 bills right?
Just goes to show, when you're putting your preps in, the best prep of all is to be unbelievably rich and well-connected.
Well, like the old saying goes, if you can't beat 'em, hang 'em.
+1 ACP.
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)
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation 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.
it's bankers, women and children first
And in that order too. lol
http://www.youtube.com/watch?v=AnfbhdELQLA
no
it's bankers, banker's wives & mistresses, and banker's children, then banker's throughbreds and show dogs....
@stackers
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...............
Ouch...
For a total of 16.115 trillion dollars (from the report). Wow.
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.
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."
ACP for Executioner. He,s fair, honest, clean cut and has his knot tying merit badge. He won,t let loose ends hang.
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.
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.
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.
responsible thing to do here is to prosecute top bankers who made off with billions and don't bail out any banks.
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.
I wish the looters would start tweeting these assholes addresses.
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.
what a bunch of pathetic losers!
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.
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?
Two Buck Chuck, bitchez.
(three bucks in NJ, when the Princeton store reopens.)
2005 Margaux is in a really hard, tannic, dumb phase. The banker who drank it commited infanticide. Just threw his money away.
Take it from a guy who Knows;
He's likely an alcoholic looking for an excuse to drink
But if it's really expensive, it doesn't count.
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.
I'd like to try some of this beer, mostly cuz I love the name: Tactical Nuclear Penguin. Supposedly the stronest beer made.
http://www.brewdog.com/product/tactical-nuclear-penguin
How get bombed like "King" Kong and come back for more...
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.
Sl,
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.....
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.
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.
Yup. And some of us even learn to cook well enough that the extra trouble to go out is pointless.
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 ;-)
http://www.dbcoopersmansion.com
Yep, I think it's Bankers, Women, and Children first. Well, minus the Women and Children.
Women.. Children.. In the banker's lifeboats?
How quant.
I'm pretty sure the women and children would be categorized as "provisions" in that scenario.
Children? Is there a Roman Catholic priest onboard?
You don't have to be a man of the cloth to appreciate a nice tender steak.
for $100, bankers' sacrifice offered to lucifer. alex, that would be:
QUANT
LOL
I saw what you did there
+ a bazillion
bet we still get to listen to the string quartet, and make snowballs from the ice shavings on the deck.
Dont forget the green tea! (yawn)
Wall street banker can survive anything as long as FEd is behind them.
http://www.freefdawatchlist.com
By eating their young.
The rats or the humans? Human bankers = oxymoron
There are more rats than humans in NYC and the rats are doing just fine.
http://www.businessweek.com/articles/2012-10-30/nyc-rats-stronger-than-sandy
Cruise ship: Schettino rules!
Sad to think that it will be only the sociopaths that come through the Long Emergency...
You should be just fine.
Nice try....
I am guilty of many sins, but being a sociopath ain't one of them....
"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.>>
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.
"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...
Let them eat cake.
Am having grilled rats for dinner, care to join?
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.
Jesus JIM! You serious lol
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.
It's for the morning after the revolution. The broken wine barrels gave it away.
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!
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.
An often dissonant and shrill choir.
You'll miss them when they're gone...the voices.
Turned off the TV ... do not miss it.
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....
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.!
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
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.
the vote down of TARP was the last gasp of America.. and then they dove the market and bribed the 13
I think you are right here too!
So what's left then.
Revolution
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
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
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.
if the ATM machines and boob bucks credit lines stay open, them girls are staying
I was stuck in Palm Beach says wilber.....well....why not buy a place in a location where you will not be "stuck" in....
"..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.
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.
BTW - how did The Hamptons fare?
I wonder how much tip the Goldman sushi-pig left the delivery boy.
Let's hope his fugu came from Fukushima.
People like him don't tip. They think everyone should be honered to wait on them.
$1,000 bottle of wine. That's more than my monthy mortgage bill.
Ditto here, and I'll toss in insurance and utes (elec, water, trash, sewer) less the NG.
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.
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?
nyc needs a boondock saints type vigilantism to happen to all the scum on wall street
Well worth the money?
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.
http://vimeo.com/42209600
that video says more about wall street than a thousand blogs. pure gold.
Stegelmann's future is about as bright as A-Rod's.
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 Markets....watch your A$$es
Check out the lease rate charts for the last couple days and lastnight.
Sumptin up.....
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
“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.
If you look real close you can karma off in the distance getting closer slowly but surely.and it ain't good karma.
ROSE: Half the people on this ship are going to die!
CAL: Not the better half.
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.
Hey Stegelmann - only a 2005 Chateau Margaux,
You fuckin' pleb, drinking a 98. Fuckwit.
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.
Nothing wrong with HH, just plenty of respect, everything wrong with Stegelmann. The rest ... whatever.
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.
You got it MsCreant. Lots of time for HH. Wish I was as well adjusted!
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.
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.
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.
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.
Come on babe, you know with enough booze, drugs, sex, status, American Idol, video games, movies, we can drown out anything!!
FUCK YEAH!
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?
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).
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.
The cauldrons are boiling because no one will arrest anyone. You know this too.
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.
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.
Has Jamie verified whether he had a second puppy for dinner Monday night?
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.
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.
This cocksucker from Goldman felt it necessary to photo his sushi? I wish I could meet him and beat him senseless.
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.
http://fairfieldcountylook.com/index.php/parties/2082-wall-street-tennis-challenge
Not one tat on any of those wonks.
.
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?
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.
Tennis: So easy, a caveman can do it.
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.
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.
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?
"it's bankers, women and children first."
oops. you mean "its bankers, bankers' mistresses, bankers pets".....and everyone else dies.
That photo of the Goldman building lit up over a darkened NYC should become iconic. Maybe a caption contest is in order?
Caption: Goldman owns the night, Politicians, and congress.
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.
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.
Everybody has too much money and not enough wisdom.
why not make the best of it?
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.
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"
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
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.
You are playing the relativist card. Screw you and your banker buddies.
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?
Dipshit.
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.
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.
“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?
I HAD TO ... BEFORE IT GOES BAD!
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.
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?
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.
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.
It's not about power. Power is not going to address the floods, employess, transpertation repairs, fuel, police, canceled flights etc.
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.
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?