15 Comments

Manipulating LIBOR would change everyone's credit card rates on the planet, most mortgage rates, and a <em>hell</em> of a lot of other stuff, so yeah, a BFD.

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Don't even tempt me to go looking up the papers about using Feynman path integrals to optimize a "zero risk" (FUNNY!) derivative-writing strategy.

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if it was that easy, anyone could do it, and the banks wouldn't need to pay their execs millions.

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Yeah, like the execs have the first idea what their quants are talking about.

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It's not exactly a matter for a small-claims court here. I'm sure she's got plenty left over from last year's bonus to hire a decent lawyer.

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And just remember - that's after a professional photographer's done everything he or she can do to make her look as good as possible.

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Yes, the IRS is garnishing it <a href="http:\/\/www.nctimes.com\/cunningham-s-letter-court-documents-pages\/pdf_821fb568-bbbc-11df-a7e7-001cc4c03286.html" target="_blank">for restitution</a> and <a href="http:\/\/talkingpointsmemo.com\/documents\/2010\/09\/judge-burns-response-to-randy-cunningham-aug-4-2010.php\?page=1" target="_blank">to claw back taxes on his bribery income</a>.

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That's to reward her for all the job creatin' she does.

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If she'd quit gambling, they would have fired her, for not doing her job.

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Because every smart person knows that gambling is the best way to reduce risk.

What's that? You don't agree? Ah but you don't work in the finance sector, so you can't possibly be smart!

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As a social host, Diamond is about as popular in London as Bernie Madoff would be in New York ... but that won't stop US ex-pat billionaires from showing up with open checkbooks. And if the checkbooks are there, Mitt will be there with open arms.

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Failing up redefined once again. This is one great circle jerk to be a member of. Even if you don't have a member.

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Best of all, when she sells $21.5 million in stock, or whatever it has grown to by then, she'll pay 15% or less in tax on it.

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<blockquote>“You have to look at the whole scenario,” said Paul Sorbera, president of executive search firm Alliance Consulting in New York. “This woman was running a $370 billion portfolio, and a $2 billion or $3 billion loss is 1 percent”… The CIO earned a peak of $3.7 billion in 2009. “In the credit crisis, when banks were losing tens of billions of dollars, she was making money,” Sorbera said.</blockquote>

Well, her <em>department</em> was making money, she wasn't <em>personally</em> making all that money, and her department was making money by taking exactly the kinds of ill-advised bets that caused the loss.

Plus, I'm guessing she took enormous bonuses when her department was in profit. Oh look, <a href="http:\/\/www.efinancialnews.com\/gallery\/the-highest-paid-women-bankers-2011\/2" target="_blank">she did</a>. Now that it's posting huge losses, she should not be rewarded for failure. Is that really so hard to understand?

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d(mortgage)/dt = what exactly, and where do complex numbers fit in.

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