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Breaking News: Bernie Taking Kia Sorrento Back Home
Submitted by Tyler Durden on 01/14/2009 21:30 -0400District Judge Lawrence McKenna upheld the bail ruling... Guess the choppers on Lex and 64th will keep on bugging Madoff neighbor Matt Lauer indefinitely. We once again push forward the idea for converting the penthouse at 133 East 64th to a museum of Unmitigated Greed. $25 entrance fee... Start recouping those losses already!
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- 635 reads
Blackstone Doesn't Owe Break-Up Fee to ADS
Submitted by Tyler Durden on 01/15/2009 19:11 -0400Insider trading powerhouse Blackstone has been granted some relief over its scuttled $6.6 Billion acquisition of Alliance Data Systems, and Delaware Chancery Court Judge Leo Strine has ruled they are off the hook for the $170 million break up fee.
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- 983 reads
666 Fifth About to Go To Its Rightful Owner
Submitted by Tyler Durden on 01/16/2009 03:16 -0400
Looks like the commercial mortgage apocalypse is about to claim its next victim, this time in the form of the appropriately numbered 666 Fifth Avenue building, home to such previously flourishing tenants as
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Friday Night Rumor: MGM Selling Mirage to Penn Natl
Submitted by Tyler Durden on 01/10/2009 02:23 -0400
After losing his shirt, bifocals, and the backup tire of his Jeep Cherokee by assuming that Ford and GM are actually competitive in the global car market, Kirk Kerkorian is allegedly selling one of his prize jewels on the LV strip: the MGM Mirage.
Dead Men Walking in South Beach
Submitted by Tyler Durden on 01/12/2009 17:54 -0400
In what is the greatest annual boondoggle in the hedge fund community, the JP Morgan South Beach Conference, this year held February 2-4 in the Loews Hotel, one should be able to spot some very good leading trends of the credit markets for this year.
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In Other News: People Still Throwing Away Millions
Submitted by Tyler Durden on 01/13/2009 02:50 -0400
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A Good Start...
Submitted by Tyler Durden on 01/10/2009 18:10 -0400
...Is 10,000 lawyers at the bottom of the ocean...
Bernie Forced To Find More Creative Ways to Launder Assets
Submitted by Tyler Durden on 01/12/2009 18:10 -0400BN 12:09 *BERNARD MADOFF STAYS FREE, MAGISTRATE JUDGE RULES
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*MADOFF IS CHARGED WITH SECURITIES FRAUD IN $50 BLN PONZI SCHEME
*MADOFF HAS BEEN UNDER HOUSE ARREST, GUARD, ELECTRONIC MONITOR
*MADOFF'S ATTORNEY SAID TRANSFER WAS AN `INNOCENT' MISTAKE'
*FEDERAL PROSECUTORS SAID BERNARD MADOFF IGNORED COURT RULING
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- 1216 reads
In Other News: People Still Throwing Away Millions
Submitted by Tyler Durden on 01/13/2009 02:50 -0400
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Timmmmmmmaaaayyyyyy.... reincarnated
Submitted by Tyler Durden on 01/10/2009 19:40 -0400
Yep folks, the man, the myth, the my-mom-does-my laundry womanizer may be gone (only temporarily - you can't get rid of Tim Sykes... something about weeds or cockroaches), but his spirit lives on. Just click here: http://www.greenwichtime.com/ci_11421481
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S&P Pretending Like Its Opinion Still Matters
Submitted by Tyler Durden on 01/12/2009 18:45 -0400
One can say many things about the ratings agencies, one could be bribed and even say one good thing, but recently S&P has decided to get really proactive to have some ammo ahead of the inevitable congressional hearings (Moody's has Buffet in its back pocket so smooth sailing over there).
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- 1300 reads
UBS in Serious Need of Editorializing
Submitted by Tyler Durden on 01/13/2009 04:26 -0400
In what might be a blatant example of investment banking schizophrenia, or merely a good-ole "talking up the book", two of UBS key "strategists", Larry Hathaway and David Bianco, in the span of 1 business day, manage to come out with two essentially contradictory reports.
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- 1263 reads
I Am The Retarded Plebs' Smirking Revenge
Submitted by Tyler Durden on 01/11/2009 01:57 -0400
Just as our funny-speaking cousins 3 hours east of us (via Concorde; probably more like 15 hours if using one of American Airlines' retrofitted B-707 with almost two wings and a fully operational engine, and that includes the 8 hour unairconditioned tarmac wait at JFK and Heathrow) thought that the Waxman witch trials would be confined to the likes of Jim
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- 2075 reads
S&P Pretending Like Its Opinion Still Matters
Submitted by Tyler Durden on 01/12/2009 18:45 -0400
One can say many things about the ratings agencies, one could be bribed and even say one good thing, but recently S&P has decided to get really proactive to have some ammo ahead of the inevitable congressional hearings (Moody's has Buffet in its back pocket so smooth sailing over there).
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- 1350 reads
UBS in Serious Need of Editorializing
Submitted by Tyler Durden on 01/13/2009 04:26 -0400
In what might be a blatant example of investment banking schizophrenia, or merely a good-ole "talking up the book", two of UBS key "strategists", Larry Hathaway and David Bianco, in the span of 1 business day, manage to come out with two essentially contradictory reports.
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- 1152 reads