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World's Most Profitable Hedge Fund Follows Record Year With Mass Promotions

Tyler Durden's picture





 

It was only logical that following its most profitable year in history, the world's most successful hedge fund (by absolute P&L), which generated $77 billion in profit in the past year, would follow up with mass promotions. In other news, it is now more lucrative, and with better job security, to work for the FRBNY LLC Onshore Fund as a vice president than for Goldman Sachs as a Managing Director. Also, since one only has to know how to buy, as the ancient and arcane art of selling is irrelevant at this particular taxpayer funded hedge fund, think of all the incremental equity that is retained courtesy of a training session that is only half as long.

From the New York Fed:

The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of seven senior vice presidents and twenty-one vice presidents.

Adam B. Ashcraft has been promoted to senior vice president in the financial risk management area of the Credit and Payments Risk Group where he is head of the structured product function.

Mr. Ashcraft joined the Bank if July 2001 as an economist in the Research and Statistics Group.

Mr. Ashcraft holds a bachelor’s degree in economics and mathematics from Miami University and a doctorate in economics from the Massachusetts Institute of Technology.

William J. Brodows has been promoted to senior vice president in the complex financial institutions function of the Financial Institution Supervision Group. He had been a vice president in the relationship management function since October 2008.

Mr. Brodows joined the Bank in May 1996 as a bank examiner in the financial examination department and was named an officer in January 2003. In July 2006, he was promoted to assistant vice president in the relationship management and applications function.

Mr. Brodows holds a bachelor’s degree in economics from Boston University and a master’s degree in economics and finance from the University of Rochester.

F. Christopher Calabia has been promoted to senior vice president in the complex financial institutions function of the Financial Institution Supervision Group. He had been a vice president in the same area since September 2009.

Mr, Calabia joined the Bank as a bank examiner in August 1993 and was named an officer in June 2001 assigned to the policy and analysis function. In April 2003, he took a leave of absence to serve as a Member of the Secretariat for the Basel Committee on Banking Supervision at the Bank for International Settlements. Mr. Calabia returned to the Bank in May 2005 and was promoted to assistant vice president assigned to the Executive Office. In January 2007, he was promoted to vice president in the risk management function.

Mr. Calabia holds a bachelor’s degree in German Language and Literature from the University of Virgina and a master’s degree in International Relations from the Fletcher School of Law and Diplomacy at Tufts University.

David A. Duttenhofer, Jr. has been promoted to senior vice president in the cash and custody function of the Financial Services Group. He had been a vice president since January 2008.

Mr. Duttenhofer joined the Bank in July 1992 as a financial analyst in the bank analysis department in the Markets Group and was named an officer in June 1997 assigned to the strategic development staff. He was promoted to assistant vice president in December 1999.

Mr. Duttenhofer holds a bachelor’s degree in Finance from the University of Michigan and an MBA from the University of Chicago.

Joshua Rosenberg has been promoted to senior vice president in the risk analytics function of the Credit and Payment Risk Group. He had been a vice president since July 2009.

Mr. Rosenberg joined the Bank in September 2001 as an economist in the capital markets function of the Research and Statistics Group and was named an officer in the same area in July 2005.

Mr. Rosenberg holds a bachelor’s degree in mathematics and religion from Oberlin College and a doctorate degree in economics from the University of California.

Jainaryan Sooklal has been promoted to senior vice president in the risk and policy function of the Financial Institutions Supervision Group. He had been a vice president since July 2010.

Mr. Sooklal joined the Bank in April 2009 as an assistant vice president and was assigned to the funding and liquidity risk department. Prior to joining the New York Fed, Mr. Sooklal was a managing director, assistant treasurer and global head of long term financing at Morgan Stanley.

Mr. Sooklal holds a bachelor’s degree in computer science and engineering from Columbia University and a master’s degree in Business Administration majoring in finance from The Wharton School, University of Pennsylvania.

Roy D. Thetford, Jr. has been promoted to senior vice president in the information security function of the Technology Services Group. He had been vice president in the same area since May 2009. She was appointed assistant vice president in January 2008.

Mr.Thetford joined the Bank as an officer in June 2006 and assigned to the information security function. Prior to joining the Bank, he was a director for Progressive Insurance.

Mr. Thetford holds a bachelor’s degree in computer sciences from Kent State University.

Idanna Appio has been promoted to vice president in the Emerging Markets and International Affairs Group. She had been an assistant vice president since January 2011.

Ms. Appio joined the Bank as an officer in January 2009 and assigned to the development studies and foreign research department. Prior to joining the New York Fed, Ms. Appio was a vice president at Brown Brothers Harriman.

Ms. Appio holds a bachelor’s degree in international relations from the University of Pennslyvania, a bachelor’s degree in economics from the Wharton School of Finance and a master’s and doctorate degree in economics from the University of Washington.

Robyn A. Brandow has been promoted to a vice president in the Wholesale Product Office of the Executive Office. She had been an assistant vice president in the same area since January 2009.

Ms. Brandow joined the Bank in March 2004 and was assigned to the electric payments department at the East Rutherford Operations Center location. She was named an officer in July 2006, and was promoted to assistant vice president in January 2009, both in the same area. In July 2010, Ms. Brandow was assigned to the group support function in the Financial Services Group.

Ms. Brandow holds an associate degree in business from CUNY Kingsborough Community College and a bachelor’s degree in history from Rutgers University.

Greg Cavanagh has been promoted to vice president in the Legal Group. He had been an assistant vice president since July 2008.

Mr. Cavanagh joined the Bank in October 2004 as an attorney in the legal department and was named an officer in January 2007. Prior to joining the New York Fed, he was an associate at White & Case LLP in New York and a risk management analyst with the Federal Reserve Bank of Minneapolis.

Mr. Cavanagh holds a bachelor’s degree in international relations from the University of Minneapolis and a juris doctor from the Columbia University, School of Law.

Yuet-Ming Chan has been promoted to vice president in the application development function of the Technology Service Group. She had been an assistant vice president since January 2010.

Ms. Chan joined the Bank in July 1988 as an assistant programmer in the operations systems department and was named an officer in January 2008 and assigned to the business systems development function.

Ms. Chan holds a bachelor’s degree in computer science from New York University.

Donna J. Crouch has been promoted to vice president in the government wide accounting function of the Financial Services Group. She had been an assistant vice president since January 2009.

Ms. Crouch joined the Bank in June 1985 as an assistant programmer in the operations systems department and was named an officer in December 2000.

Ms.Crouch holds a bachelor’s degree in computer science from Queens College and a master’s degree in finance from Adelphi University.

Joshua L. Frost has been promoted to vice president in the market operations monitoring and analysis function of the Markets Group. He had been an assistant vice president since July 2009.

Mr. Frost joined the Bank in August 1998 as an analyst in the central bank and international account services function and was named an officer in July 2008 assigned to the Treasury market policy department.

Mr. Frost holds a bachelor’s degree in mathematics and psychology from Rutgers University and a master’s degree in finance from New York University.

Howard B. Fields has been promoted to vice president in the financial management function of the Markets Group where he joined as an assistant vice president in February 2009.

Prior to joining the Bank, Mr. Fields was a senior vice president at Bank of America and a vice president at JP Morgan, in their global markets controllers group.

Mr. Fields holds a bachelor’s degree in accounting from Brooklyn College and is also a CPA.

Debra L. Gruber has been promoted to vice president in the SIRA Office of the Corporate Group. She had been an assistant vice president in the same area since January 2010.

Ms. Gruber joined the Bank in September 1985 as a research assistant and was assigned to the Research and Statistics Group. In January 2004, she was named an officer and was assigned to the international reports department and was promoted to assistant vice president in July 2007.

Ms. Gruber holds a bachelor’s degree in economics from Rutgers University and a master’s degree in economics from Fairleigh Dickinson University both in economics.

Jack Gutt has been promoted to vice president and head of the media relation function in the Communications Group. He had been an assistant vice president in the same area since January 2011.

Mr. Gutt joined the Bank as an officer in September 2009 and worked closely with the AIG Monitoring team. Prior to joining the New York Fed, he served as managing director at several leading public relations and public affairs firms and was one of the founding principals of Vistance Group LLC.

Mr. Gutt holds degrees in newspaper journalism and political science from Syracuse University.

Jonathan P. McCarthy has been promoted to vice president in the macroeconomic and monetary studies function of the Research and Statistics Group. He had been an assistant vice president in the same area since January 2009.

Mr. McCarthy joined the Bank in September 1992 as an economist in the domestic research department and was named an officer in January 2007.

Mr. McCarthy holds a bachelor’s degree in mathematics from the University of Wisconsin-Parkside and a master’s degree and doctorate degree in economics from the University of Wisconsin-Madison.

Anna Nordstrom has been promoted to vice president in the market operations monitoring and analysis function of the Markets Group where she joined as an assistant vice president in November 2008 assigned to the foreign exchange and investments unit.

Prior to joining the Bank, Ms. Nordstrom was the head of the Front Office Division, Directorate General Market Operations at the European Central Bank in Germany.

Ms. Nordstrom holds a degree in national economics from the Umea University in Sweden.

Julie A. Remache has been promoted to vice president in the market operations monitoring and analysis function of the Markets Group. She had been as assistant vice president in the same area since January 2010.

Ms. Remache joined the Bank in September 2000 as a trader/analyst in the monetary projections staff department and in January 2008, she was named an officer in the analytical development staff department. Ms. Remache left the Bank in March 2008 to accept a position as vice president at Robeco-Sage and returned to the New York Fed in January 2009 as an officer assigned to the domestic capital markets unit.

Ms. Remache holds bachelor’s degrees in mathematics and economics and a master’s degree in economics from Boston University.

Joao C. Santos has been promoted to vice president in the financial intermediation function of the Research and Statistics Group. He has been an assistant vice president in the same area since January 2009.

Mr. Santos joined the Bank in September 2000 as an economist in the banking studies function and was named an officer in July 2005. He took a six-month leave of absence in September 2006 to teach at the Universidad Nova de Lisboa and work with the Bank of Portugal.

Prior to joining the New York Fed, Mr. Santos worked as an economist at the Bank of International Settlements and the Federal Reserve Bank of Cleveland.

Mr. Santos holds an masters degree and doctorate in economics from Boston University.

Nicolae Stanescu has been promoted to vice president in the Technology Services Group. He has been an assistant vice president in the same area since July 2010.

Mr. Stanescu joined the Bank in March 2003 as a senior analyst in the information security function and was named an officer in January 2009.

Mr. Stanescu holds a bachelor’s degree in computer science from Rutgers University and is currently concluding an MBA degree from New York University.

Giorgio Topa has been promoted to vice president and heads the microeconomic studies function of the Research and Statistics Group. He had been an assistant vice president since August 2008.

Mr. Topa joined the Bank in September 2003 as an economist in the domestic research function and was named an officer in July 2006. Prior to joining the New York Fed, Mr. Topa was an assistant professor of economics at New York University.

Mr. Topa holds a bachelor’s degree in economics from the University of Venice, Italy, a master’s and doctorate degrees in economics from the University of Chicago.

Jan H. Voigts has been promoted to vice president in the relationship management function of the Financial Institution Supervision Group. He had been an assistant vice president in the same area since January 2010.

Mr. Voigts joined the Bank in August 1978 in the public information department and in January 2008 he was named an officer and assigned to the operation risk department. He was assigned to the relationship management function in April 2008.

Mr. Voigts holds a bachelor’s degree in philosophy and government from Franklin & Marshall College.

James B. Wall has been promoted to vice president in the relationship management function of the Financial Institution Supervision Group. He had been an assistant vice president in the same Group since July 2009.

Mr. Wall joined the Bank in June 1992 as a bank examiner in the compliance examinations department. He was appointed an officer in July 2006 and assigned to the relationship management function.

Valerie K. Wilde has been promoted to vice president in the Legal Group. She had been an assistant vice president since January 2010.

Ms. Wilde joined the Bank in June 2004 as an attorney and was named an officer in July 2006. Prior to joining the New York Fed she was a senior associate for Kasowitz, Benson, Torres & Friedman LLP.

Ms. Wilde holds a bachelor’s degree in English from the University of Michigan and a juris doctorate from The George Washington University Law School.

 


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Mon, 01/30/2012 - 12:46 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

*Puke*

Mon, 01/30/2012 - 13:07 | Link to Comment prains
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who got VP Toilet Paper Dispensing?

Mon, 01/30/2012 - 14:36 | Link to Comment Gringo Viejo
Gringo Viejo's picture

Hyman Roth always makes money for his partners.

Mon, 01/30/2012 - 19:19 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

And at this same moment, MF Global customers are advised to hold their dick in their hands and hope things work out ok.

Mon, 01/30/2012 - 12:48 | Link to Comment Spitzer
Spitzer's picture

The hedge fund industry has peaked. Its all downhill from here.

Mon, 01/30/2012 - 12:58 | Link to Comment bdc63
bdc63's picture

I've been thinking that for a couple of years now, but this HF bubble just keeps getting bigger and bigger.  I wish it would hurry up already ...

Mon, 01/30/2012 - 13:45 | Link to Comment reload
reload's picture

`Hedge fund industry has peaked`

Confirmation of that came in my post today - an invitation from Crispin Odey of Odey asset management to invest money with him. He used to have a $5m minimum. Now he is scratching around for a few hundred K here and there. Hillariously the letter omited to report his extremely negative returns for 2011 - or (as reported on ZH) his heavy weighting in bank stocks. Expensive looking letter paper though, now awaiting a match and kindling in my fireplace.

Mon, 01/30/2012 - 14:22 | Link to Comment TruthInSunshine
TruthInSunshine's picture

World's most "profitable hedge fund" for the last year, and a literal black hole/galatically large bagholder of toxic, stewing, breeding - getting even more toxic - assets, the likes of which, if the details were commonly known, would prompt members of the New York Branch of the Fed to secretly flee, into the dark, night air, like a fart in the wind.

 

NYFRB = Financial Asset Superfund* Status

 

*Superfund is the name given to hazardous waste sites.

Mon, 01/30/2012 - 12:50 | Link to Comment spankthebernank
spankthebernank's picture

Its easy when you know what's next.

 

Motherfuckers...heads on sticks.

Mon, 01/30/2012 - 12:51 | Link to Comment game theory
game theory's picture

Manufacturing has returned to the USA. We now manufacture vice-presidents. With their fake jobs at the Fed, Helicopter Ben is injecting fiat money into the system...and you will get some of that fiat too once you clean their toilets or serve their fois-gras.  I'm not qualified for those jobs...so I am waiting for the Fed to deputize me...maybe my title will be "Assistant Vice-President to the Vice-President of Job Title Inflation".

Mon, 01/30/2012 - 13:43 | Link to Comment RiverRoad
RiverRoad's picture

The biggest product The US manufactures is Money & Debt.

Mon, 01/30/2012 - 12:51 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

"Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion — when you see that in order to produce, you need to obtain permission from men who produce nothing — when you see that money is flowing to those who deal, not in goods, but in favors — when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you — when you see corruption being rewarded and honesty becoming a self-sacrifice — you may know that your society is doomed. Money is so noble a medium that is does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot."

—Ayn Rand

Mon, 01/30/2012 - 12:59 | Link to Comment lumen ex lumine
lumen ex lumine's picture

And Ayn Rand's protege Alan Greenspan certainly put that philosophy to work at the Fed, didn't he?

Mon, 01/30/2012 - 13:12 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You mean Lord Vader.

Mon, 01/30/2012 - 13:19 | Link to Comment killedbyshortvol
killedbyshortvol's picture

How ironic that Alan Greenspan, a free-market and Ayn Rand devotee, was the top central planner at the Fed, the epitome of a central planning organization.

Mon, 01/30/2012 - 13:32 | Link to Comment Quinvarius
Quinvarius's picture

Why would Greenspan understand Ayn Rand any more than economics?

Mon, 01/30/2012 - 14:24 | Link to Comment Lord Blankcheck
Lord Blankcheck's picture

What if his plan was to give the Bank cartel the rope to hang themselves.

 

 

Mon, 01/30/2012 - 13:24 | Link to Comment Max Fischer
Max Fischer's picture

 

 

It's amazing to me how the rise in the popularity of Ayn Rand - the friend of the plutocrats - would come at this precise time in history, after a 30 year dismantling of banking regulations (beginning with Reagan) led to a near implosion of our economy.  The rich haven't had it this good since the 1920's, and poor haven't had it this bad since the 1930's, yet we see libertarians worshipping John Galt like never before.  

Hilarious, really. 

Max Fischer

Mon, 01/30/2012 - 13:39 | Link to Comment Quinvarius
Quinvarius's picture

So you are saying that if the bankers all went off to a mysterious valley where they ran their own utopia, society would miss them and be less for it?  I am pretty sure that you completely missed the point of the book.

The only comparison is that the bankers arrogantly assumed they could create this Utopia.  It failed.  Now they need slaves because they don't want to pay anyone else to actually create a working society.

Mon, 01/30/2012 - 13:40 | Link to Comment Mr Lennon Hendrix
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Rand despised Greenspan when he went to become a banker.

Mon, 01/30/2012 - 14:56 | Link to Comment MarcusLCrassus
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And Nietzsche despised anti-semites and how they twisted his writings to suit their own hateful agendas.  That didn't stop anti-semites (including an ex-painter from Austria) from using his writings to their advantage. 

Mon, 01/30/2012 - 13:54 | Link to Comment 11b40
11b40's picture

...an "near implosion"?  Looks and feels like an ongoing implosion to me, and it ain't over.  There have beena a couple of times I thought I heard the fat lady warming up, but she has yet to burst into song.  Just wait.

Mon, 01/30/2012 - 16:36 | Link to Comment Ricky Bobby
Ricky Bobby's picture

Hey Max what was it that Solindra produced? OH thats right political favors. Reagan is long gone and it was Rubin and Clinton that repealed Glass-Steagall. You really to need to let go of the Left-Right facade. There is only one party in the US.

Mon, 01/30/2012 - 19:07 | Link to Comment Max Fischer
Max Fischer's picture

 

 

I fail to understand what your comment has to do with mine.  I'm not a Democrat, nor do I defend them.

Solyndra?  What's that have to do with anything? 

While Glass Steagall is perfectly relevant, your comment is not. I've never defended Clinton, and his signature on Phil Gramm's repeal of Glass Steagall is appalling.  Phill Gramm is certainly at the top of the list of the most despicable politicians of all time.  Do you know what his quote was regarding all the legislation that he crafted to dismantle regulations that had been in place since the Great Depression? With a perfectly straight face, he said: 

it will make things simpler for anyone who has a checking account, car insurance or a share of stock

*LOL*

Yep, he's the people's senator and all this deregulation is for the common man! Today, my checking account has never been simplier!  Instead of making things easier, we immediately got Enron, an unregulated quadrillion dollar derivatives gun pointed at our heads, and an insolvent financial industry that brought the country down to its collective knees.  And after looking at the heaping pile of wreckage that he (and others) caused, Gramm's response was, "We've become a nation of whiners."  *LOL* 

So Rick Santelli thinks struggling home owners are a bunch of "losers."  And Phil Gramm thinks the middle class are a bunch of "whiners."  That, coupled with the entire Tea Party worshipping Ayn Rand, and it's really no wonder why we have class warfare in this country.  

Phil Gramm = most despicable politician in America.

Max Fischer 

 

Tue, 01/31/2012 - 15:35 | Link to Comment 11b40
11b40's picture

Amen!  Good old Turtlehead, and that sleazy, lobbyist wife of his, Wendy.

Turtlehead went on to become an SVP with UBS.

http://www.nytimes.com/2008/11/17/business/economy/17gramm.html?pagewanted=all

"But, until he left Capitol Hill in 2002 to work as an investment banker and lobbyist for UBS, a Swiss bank that has been hard hit by the market downturn, it was Mr. Gramm who most effectively took up the fight against more government intervention in the markets.

“Phil Gramm was the great spokesman and leader of the view that market forces should drive the economy without regulation,” said James D. Cox, a corporate law scholar at Duke University. “The movement he helped to lead contributed mightily to our problems.”

Dr. Wendy Lee Gramm, former chairman of the U.S. Commodity
Futures Trading Commission under Presidents Reagan and Bush

Wendy Gramm has been a member of Enron's board of directors for eight years and of the crucial Audit and Compliance Committee as the giant company's financial condition was deteriorating.

Her subpoena is among 51 issued by the Senate Permanent Subcommittee on Investigations chaired by Sen. Carl Levin, D-Mich., seeking documents from Enron, the Arthur Andersen LLP accounting firm, and current and former officers, employees and board members of Enron.

Of the 51 subpoenas, 49 went to individuals, one to Enron Corp. and one to the Andersen firm seeking documents as far back as January 1999.

Phil Gramm is the second-largest recipient in the Senate of financial contributions from Enron, receiving $97,350 from the company between 1989 and 2001, according to data provided by The Center for Responsive Politics. The senator receiving the largest contribution from Enron is Sen. Kay Bailey Hutchinson, R-Texas, who received $99,500.

Mon, 01/30/2012 - 12:52 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

USA!  USA!!  USA!!!

Mon, 01/30/2012 - 12:52 | Link to Comment taniquetil
taniquetil's picture

It's ok for these guys to make decisions on inside information. Because they're doing it all to regulate the money supply. Yup, that's pretty much it. None of that money is going to compensation. It's all being done for the good of the country!

Mon, 01/30/2012 - 12:53 | Link to Comment Dr. Engali
Dr. Engali's picture

When you can pick and choose the winners it makes it difficult not to be profitable. Bonuses all around for their keen insight.

Mon, 01/30/2012 - 12:56 | Link to Comment Random_Robert
Random_Robert's picture

And in other news.... Aristotle is proven wrong:

1) Money no longer needs to be durable- as long as it buys that iPad before the store closes, then all's good.

2) Money no longer needs to be divisible - it actually only needs to be multipliable (cut "Billions" and paste "Trillions" and all's good)... or "Quadrilions" for "Trillions", etc.

3) Money no longer needs to be fungible - In fact, it can be so highly volatile that close friends (and contributors) of the US President can actually "vaporize" it without fear of prosecution or reciprocity.

4) Money does not need to maintain a value inherent as a function of scarcity- Data is money, and since data is free and easily conjured, so too must money be.

- Now, back to your regular scheduled update on which Superbowl QB your neighbor's wife would rather give a hummer....

 

Mon, 01/30/2012 - 12:57 | Link to Comment Benedict Farse
Benedict Farse's picture

I'm tempted to apply. Are they answerable to anyone?

Mon, 01/30/2012 - 13:35 | Link to Comment lizzy36
lizzy36's picture

NYFRB is the execution arm of the Federal Reserve. Given that the Fed is staffed by a bunch of PH.d economist's with no actual real world experience, and specfically have never executed on anything but writing papers for obscure journals it is safe to say, that they are answerable to NOBODY.

Mon, 01/30/2012 - 13:02 | Link to Comment Rainman
Rainman's picture

The place would need even more senior kleptocrats if they had to work an entire week. Right now PPT only sweats Mondays and Fridays and quarter end. The rest of the week is spent looking out for fat fingers.

Mon, 01/30/2012 - 13:03 | Link to Comment Schmuck Raker
Schmuck Raker's picture

How would the US budget look if we defaulted ONLY on the debt the Fed owns? Not China, or the SS trust, or 'private' holdings; just the Fed's slice of the American debt pie.

Mon, 01/30/2012 - 13:32 | Link to Comment Iceobar
Iceobar's picture

I've asked the same question several times....no one of import. seems to attempt a serious  answer.....

Mon, 01/30/2012 - 14:01 | Link to Comment Random_Robert
Random_Robert's picture

It is not about the US debt that the Fed CURRENTLY owns (which amounts to 1.2T nominal, and roughly 4.5 Trillion when compounded)...

It is about the FUTURE debt that the Fed will NEED to own when all other buyers stop ponying up.

The US annual budget deficit is still greater than the amount we are borrowing from the Fed, so a default on those obligations would merely reduce the deficit...

In other words, cutting the Fed out of the picture would only mean the US would need to fill it's tin coffee cup with loose change via panhandling once every two weeks, instead of once a week.  

Mon, 01/30/2012 - 14:10 | Link to Comment Clay Hill
Clay Hill's picture

Why let the TBTF's off the hook so easily?

Aren't they still taking on roughly 60% of the float at every Treasury auction? With ZIRP they can keep kicking that can a looong way.

We will never get these bastards off of our necks until we call Hank's bluff about "tanks in the streets". They seem intent on pushing us into more wars against external enemies, so why not just do it here at home and be done with it?

Mon, 01/30/2012 - 13:07 | Link to Comment Sutton
Sutton's picture

Pussy white liberals love to love  Apple products built by Chinese slaves.

Mon, 01/30/2012 - 13:11 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Good haiku

Mon, 01/30/2012 - 13:12 | Link to Comment dracos_ghost
dracos_ghost's picture

Roy D. Thetford, Jr. has been promoted to senior vice president in the information security function of the Technology Services Group. He had been vice president in the same area since May 2009. She was appointed assistant vice president in January 2008.

Mr.Thetford joined the Bank as an officer in June 2006 and assigned to the information security function. Prior to joining the Bank, he was a director for Progressive Insurance.

Mr. Thetford holds a bachelor’s degree in computer sciences from Kent State University.

 

He/She?! Ruh roh, Hermaphrodites at the FRBNY. Isn't there something in Revelations about this. I hope DSK is not still in NY. Roy woulde be in trouble.

Mon, 01/30/2012 - 13:51 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

seems we got the dem vs gop trolls posting again (huh MAxy me boy)..yep Reagan did it all alone with a few repubs the Dems were noware to be seen..revise history that's the ticket,,,barny frank I am sure is your true love..uggggh

Mon, 01/30/2012 - 14:21 | Link to Comment calltoaccount
calltoaccount's picture

these latest Bill Moyers interviews say it all.  

if more than a only small % of the 99 saw them, the country would be alot further along in outrage over the corrupt status quo.  

 http://billmoyers.com/video/

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