By Nick Rizzo
September 7, 2011

Despite the launch today of — which you really should check out, if you haven’t already — we’ll continue doing a (near) daily Counterparties post here. This will consist of some of the links from, organized into paragraphs and themes, plus perhaps a few unique to this blog. Or perhaps we’ll do something different; we’re still experimenting. What do you think we should do?

The CEO of Deutsche Bank has said that market conditions remind him of late 2008. Meanwhile, Heidi Moore reports that banks — including Deutsche Bank — could lose up to $60 billion in the FHFA lawsuit. Congressman Brad Miller is pleased with this lawsuit; considerably more so than the hecklers who crashed his supposedly press-only conference call.

Mother Jones has secret audio recording of a recent Koch brothers fundraising meeting, where they allege Charles Koch compared President Obama to Saddam Hussein. Not so fast, argues Ben Smith: Koch was perhaps quoting Saddam when he referred to “the mother of all wars.” (Of course, Hussein actually said “the mother of all battles.”) Michael Arrington is now also preparing for the mother of all battles, declaring his intention to control both TechCrunch and his new venture capital fund with a bellicosely-illustrated blog post.

In friendlier news, Jack Shafer, formerly of Slate, will be joining Reuters, where he gets “to be Public Editor to the universe.” Meanwhile, Shafer’s platonic work spouse Tim Noah is heading to The New Republic.

The Swiss National Bank is determined to prevent their massively-appreciating currency from getting any more expensive.

Ever wanted to know more about the Carlyle Group, the private equity firm (with an emphasis on the “private”) targeted by Michael Moore? Here’s their IPO filing.

And today wasn’t a great day for women at the tops of large corporations. Sallie Krawcheck, Bank of America’s head of global wealth and investment management and one of the most powerful women in the finance industry, is out of a job. So is Yahoo CEO Carol Bartz, who emailed every Yahoo employee to inform them she’d just been fired by phone. The WSJ tweeted that Yahoo stock was up more than 6% in after-hours trading on the news, while rapper Snoop Dogg tweeted his willingness to be the new Yahoo CEO.


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No offense Nick, but the way you do the links is bad. Switch back to the way Felix used to do it. Trust me, it’s better.

Posted by Sprizouse | Report as abusive

I’m confused (nothing new there). Krawcheck being replaced by Montag is made interesting by the pretense that Tom (“a former Goldman Sachs executive”) wasn’t at Merrill Lynch when BofA bought them.

Which brings me to:

“It was never clear that Sallie Krawcheck gained traction with the retail salesforce,” said Jonathan Finger, managing partner at Finger Interests Ltd, a Houston-based investment management firm that owns Bank of America shares. “I’m not sure she ever had the respect of the bank’s retail brokers.”

translates to “NCNB management (now passing as BofA) cannot work with Merrill Lynch personnel, even though everyone in the industry agrees that BofA/ML should have been a natural fit. So the only solution was to put someone who was at Merrill into the lead position and see if we still have to sell that unit at a major loss sometime in the next 12-18 months.”

Or am I missing something Really Obvious?

Posted by klhoughton | Report as abusive

Gotta agree with Sprizouse here. When Felix did it from his tweets, I could glance at a line and immediately determine whether or not I wanted to pursue it further. You have too much text, and it takes too long for me to wade through it.

Posted by Curmudgeon | Report as abusive

+1 on the less-wordy, Nick.

Posted by EricVincent | Report as abusive

Less wordy +1 more for my vote. I prefer to pick and choose.

I didn’t read this anywhere else … so thought you all might be interested in case you missed it.

A word like “kickbacks” is finally being used. Maybe the word fraud will be bandied about as well, by those who have the power to do something about it. _173/mortgage-reinsurance-respa-kickback s-hud-investigation-doj-1041928-1.html

Posted by hsvkitty | Report as abusive

I’ve revisted but I prefer still less wordy counterparties on (+1 for the old version)

Posted by Maxisok | Report as abusive