Archive for March, 2009

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ShamWow Guy Arrested For Beating Up Prostitute [Shamwow]

Slap chop to the face! Vince Shlomi, aka the ShamWow Guy, aka You’re Gonna Love My Nuts, was “arrested last month on a felony battery charge following a violent confrontation with a prostitute in his South Beach hotel room,” reports the Smoking Gun.

"Keep Bailing Ben….Keep Bailing!!"

On a good Wall Street trading floor, where different desks like the Treasury desk, the interest rate swap and option desk and the agency mortgage desk transact with some semblance of synergy (as opposed to trading against each other….which you would be surprised happens quite a bit) you might see something like this;

Banks Seeking To Value Assets Higher Than Market Value [Meltdown]

Banks are pushing for a change to banking rules that would allow them to ignore mark-to-market accounting for assets in markets that they deem “inactive.” In other words, if a bank is loaded with worthless assets but decides that the market for those assets is frozen, they can value those assets higher than the market [...]

Elijah Cummings Steps Up to the Plate!

Well! Somebody obviously didn’t get the memo! Congressman Elijah Cummings wants to probe why the bailout money we lent to AIGwent to collateral calls from Wall Street firms such as Goldman Sachs. He also wants to know why we decided to take AIG’s counterparties out at par on the assets underlying CDO credit default swaps. [...]

If you use Filefront, finish up your business … [Filefront]

If you use Filefront, finish up your business with them and say goodbye before March 30th, because they’re shutting down. [filefront] (Thanks to RT!)

Way to go Tim

From Bloomberg News;
March 25 (Bloomberg) — Treasury Secretary Timothy Geithner sent the dollar tumbling with comments about Chinas ideas for overhauling the global monetary system, only to drive it back up by affirming that it should remain the worlds reserve currency.

Xbox Live Cancels Year-Long Prepaid Account, Demands Another Year’s Subscription To Reactivate [Xbox Live]

Xbox Live has struck again, this time by screwing up the auto-renewal on a customer’s account and ruining the prepaid annual membership he activated just three months ago.

FISA the Secured Loan Self Regulator is to Close Down in April

The Finance Industry Standards Association is closing down in April 2009. It says the unprecedented conditions in the credit markets means that few lenders have funds to lend, and many brokers have exited the market. Which has has a severe knock-on effect on the finances of FISA.

Thawing Out? I Dunno

Woke up this a.m. and thought to myself “wow, next week it’s April.” In the Northeast though it doesn’t really feel like Spring has sprung. It’s been unseasonably cool. Thefinancial markets are all thawed out though,right? Thatphrase seems to be a favoriteone of the current administration, no? They’d like to “thaw out” the credit markets. [...]

Worst Company In America: Target VS AIG [Wcia 2009]

Here we go, folks. Your first match-up of the 2009 season. Tie your sneakers and put on your gym clothes.

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