Lehman Brothers Holdings Inc.’s Richard Fuld exuded confidence as he briefed analysts on June 16, 2008, four days after demoting his firm’s finance chief in the wake of a $2.8 billion quarterly loss.
“I am the one who ultimately signs off and I’m comfortable with our valuations at the end of our second quarter,” then- Chief Executive Officer Fuld said on the conference call. “We have always had a rigorous internal process.”
Read more »I remember when I was a very little girl, our house caught on fire.
I’ll never forget the look on my father’s face as he gathered me up
in his arms and raced through the burning building out to the pavement.
I stood there shivering in my pajamas and watched the whole world go up in flames.
And when it was all over I said to myself, “Is that all there is to a fire?”
Wanted – People to Pee on Goldman Sachs – $20 (Financial District)
Date: 2010-03-12, 12:33PM EST
Reply to: sale-jcarv-1640787037@craigslist.org
I’m looking for any individuals who will urinate, or spit on the Goldman Sachs building, or any of it’s employees. You must tape the action and upload it to Youtube. Reference this add at the beginning of the video. Once I have seen the video, I will pay you via paypal. I am serious, and this is legit. Here’s the price breakdown:
Read more »We have two warnings on the board in financials.
First, Discover (DFS) said it is boosting reserves and expects to loss 22 cents, which is a significant deterioration from the 9 cent profit previously expected.
Read more »Blogging’s going to be light-to-nonexistent today, since it’s a travel day for me.
Read more »My sources are telling me Barry Ritholtz owes ME an apology.
Read more »Here is a quick proxy for estimating relative volume, even if you do not have access to a service that provides such data for exchanges or specific indexes.
Read more »Automatic Data Processing has continued to find resistance at $44, but one trader is betting on a big break--in either direction.
Read more »What are they doing about it? Considering their options, that’s what.
According to people familiar with the matter, a number of employees — including some of the bank’s most talented and highest-paid people — are feeling that they aren’t being fairly compensated for their work in helping the bank weather the financial crisis without having to be bailed out by the German government.
Read more »
