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more about #wallstreet more comments → BlinkyMcChuck: I'm just wondering meanwhile if Ruth wore the Benz necklace or if Bernie did. #berniemadoff more » destor23: Look in the pocket of the jacket and there's an account number for a bank in Turks and Caicos. There you'll find the real Madoff stuff... #berniemadoff more » lostarchitect: I'm pretty sure you can get a team jacket with any name you want on it for a couple hundred bucks. I'm gonna get one that says "DAHMER". #berniemadoff more » MrInBetween: Some ass-clown paid $14,500 for a Mets jacket emblazoned with the name Madoff? Good going, pal. You're going to get your ass kicked, for two worthy re... more » Phyllis Nefler: I'm sad for Mario Ramirez :( #berniemadoff more » Smitros: I continue to believe the rats are looting the ship before taking off on their lifeboats. #moneymatters more » momof3wildkids: Given the devalued dollar, the bonuses are about the same. :) #moneymatters more » If_I_Had_a_Poodle: Blacksmiths probably felt much the same way 100 years ago. #newspapers more » ligmasagbatch: I was at this party. It was ok. I asked Nouriel which of the Ten Crack Commandments was his favorite - without missing a beat, he said, "Never sell ... more » Gwenishka: Where's that guy -- that economics major guy that used to post here all the time, who was straight but still awesomely bitchy? What was his name? It s... more » MrInBetween: None of these idiots seem aware of the intense irony of hanging with the Wall Street Doomsayer and partying like it's 1999. #nourielroubini more » snugbug: There's so much refinement, grace & understatement in this party pictorial that I'm afraid my motherboard is going to explode. #nourielroubini more » Mount_Prion: Before taking the first photo, they turned one of the wallginas into a bong. more » Smitros: Why is dude in #6 trying to look like Grace Jones? #nourielroubini more » Better to Eat You With: The girl in the first photo gives "dead eyes" a whole new level. #nourielroubini more » -
#gawkerexclusive
Inside the Bernie Madoff Tchotchke Auction
Bernie Madoff, the most successful fraudster in US financial history, is in jail. Everything he once owned went on the auction block today. Hunter Walker was there to watch people purchase souvenirs of the American financial collapse.
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#recessionomics
If Wall Street Bonuses Are Any Indication the Economy Is Back, Yall!
The Way We Live Now: Too insidery. Business was better in the old days, when you used to be able to make money at it. We're bringing it back, throwback style: Crime, big bonuses, and screwing the natives, huzzah! More » -
#moneymatters
Don't Invest in Newspapers
You may be aware that deathly newspaper company stocks have experienced a brief resurgence recently, amidst speculation that things aren't so bad after all for the newspaper industry. If you benefited from this resurgence at all, lucky you. Now sell. More » -
#dismalscientists
Nouriel Roubini Still Partying with Hot Chicks While the World Ends
Some genius once dubbed New York University economist Nouriel Roubini "the Joe Francis of Pessimism Porn," and yesterday's one-two punch of a Eurotrashy post-Halloween loft party with Oliver Stone and a doomsaying op-ed in the Financial Times proves the point. More » -
#exclusive
Yearbook Page Reveals Jamie Dimon's Lifelong Tight-Jeans Obsession
Jamie Dimon, the CEO of JPMorgan, is a towering genius of finance, Obama hanger-on, savior of Wall Street, and irritable dick. He's also long liked to wear tight jeans, as his 1974 yearbook page makes clear.
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#voodooeconomics
"Learn To Love Insider Trading," by The Wall Street Journal
Does the recent collar of terrorist-supporting hedge fund chief Raj Rajaratnam suggest insider trading as back en vogue? The moving of markets with propriety information nobody else gets hasn't been cool since Wall Street...until now. Love it, says the WSJ.
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#recessionomics
The System Will See You Now
The Way We Live Now: Doing everything we can to get your unemployed ass back on your feet. Don't blame "The System" if you can't find a job. "The System" is ready tore-assimilate you into The Matrixhelp you! More » -
#moneymatters
New York Times No Longer in the Advertising Business
Great news: The New York Times Co. lost more than $35 million in the third quarter! They've decided that "selling ads" is the way of the past.
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#speeches
Alleged Insider Trader Tries to Rally His Troops
Billionaire businessman Raj Rajaratnam is out on bail, so he stopped by Galleon Group, the hedge fund he founded in 1997, to give a pep talk to the staff. Things aren't going so well over there! More » -
#fieldguide
Raj Rajaratnam's Awesome Insider Trading Adventure
Bernie Madoff is the financial criminal of the past. Billionaire hedge fund chief Raj Rajaratnam is the financial criminal of the moment! Slick back your hair, watch Wall Street, and forget Ponzi schemes—insider trading is back, big time!
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#recessionomics
Wall Street Fat Cats Finally Back on Track
The Way We Live Now: Tip-top! "Wall Street on Track to Award Record Pay." Meanwhile, we're cutting the pay of non-Wall Streeters in half, and lowering the minimum wage. The rational market at work! More » -
#recesssionomics
Wall Street Celebrates Your Unemployment With Record Gains
The Way We Live Now: Basking in economic glory. Nobel Prize for economics? Check. Wall Street's highest point of the year? Check. The rest of our nation's crumbling economic infrastructure, from Wichita to Vegas? Check minus. That's still one check! More » -
#recessionomics
Pay No Attention to the Bulls Literally Rampaging Through Urban Streets
The Way We Live Now: Rootin-tootin! Hot as a tamale! The market is booming! Stocks are soaring! Investors are throwing, literally, packets of money, as projectiles! They hit companies and companies merge together! Bulls are running the streets! Dangerously! More » -
#journalismism
Story Magically Re-Appears Three Weeks Later in Competing Outlet
Forbes, September 2: "Scott Gould happily ditched the securities market for a restaurant job." WSJ, yesterday: "Scott Gould went from trader to waiter-by choice." It's almost as if one followed the other for some easily determined reason. We'll never know. -
#lawsuits
SEC's Settlement No Good, Says Judge
A judge rejected a $33m settlement that would have ended the SEC's lawsuit against Bank of America, which is accused of not using enough judgment in giving executive bonuses. The settlement, said the judge, was unfair and inadequate. Shocker. [NYT] -
#recessionomics
Huddled Masses Getting a Little Too Close
The Way We Live Now: Too close for comfort. Hell is other people, and it's getting hot in here. The vaunted income gap—that which protects us from dirty inferiors—is shrinking. You poors aren't buying enough scratch-off tickets! More » -
#berniemadoff
'If I Get Any More Solicitations For Charity, I'm Going to Kill Myself.'
Bernie Madoff, who was able to evade the SEC while stealing billions of dollars for decades, did not have a high opinion of the SEC's investigative capabilities. For some reason! A 2005 phone transcript proves: Bernie was a comfortable crook.
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#dicks
Sad Dick Fuld Holed Up in Shack, Muttering Nonsense
Former Lehman Bros. CEO "Dick" Fuld, the Big Villain of All Financial Villains—what's he up to these days? A Reuters reporter trailed him to his remote Idaho hideaway to find out! More » -
#recessionomics
Sell! Borrow! Succeed!
The Way We Live Now: Sell! Sell! Sell! Sell it all! Sell it off! Take! Take the money out! Take it! Sorry. Just had to dump stocks from that "rally," ha. Anyhow: loan sharks are back! More »
