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Illiquid incentives …

Bankers Win Big in Toxic Pay Plan – WSJ.com

Credit Suisse Group’s novel plan to pay bankers with a brew of its own toxic bonds and corporate loans has gotten off to an unexpectedly strong start, which could put further political pressure on other Wall Street firms to change how they pay their employees.

Late [...]

Sometimes rules really suck

Three riders got DQed in the Pro/1/2 race at the Sugarhouse Criterium today. Why? Because the Husla was standing on the side of the course handing out dollar bills to anyone who could grab them as they rode by.

The rule under which they were DQed is 3D6. “Feeding is not allowed unless specifically authorized [...]

Thoughts on AIG

Cuomo Blasts Big AIG Payouts – WSJ.com

New York Attorney General Andrew Cuomo said Tuesday that American International Group Inc. granted retention bonuses of $1 million or more to 73 people in its AIG Financial Products subsidiary, including 11 persons who no longer work at the company.

In a letter to House Financial Services Committee [...]

2008 Utah Cyclocross Series Race #10

2008 Utah Cyclocross Series Race #10 November 29th, 2008 Wheeler Farm Murray, Utah

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Back to Wheeler Farm this morning … and I can’t believe it’s the second-last race of the season.

The weather is supposed to be overcast and cool, with temps in the low-to-mid 40s. We got a little bit [...]

Bailout 101 (or how to mismarket a bill)

As I’m sure you’re all aware, the House of Representatives voted down the Emergency Economic Stabilization Act of 2008 (H.R. 3997) today.

People have no idea how screwed we are if the EESA 2008 doesn’t get passed.

“Bailout” was the worst marketing technique anyone could have chosen. The plan is not a taxpayer bailout of [...]

More Bear Woes

Wall Street Ponders Extent Of the Woes At Other Firms By SERENA NG and JENNY STRASBURG March 15, 2008

Behind the swift decline of Bear Stearns Cos. is a deepening worry on Wall Street that some financial institutions might not be able to make good on their commitments.

Such angst about the health of an [...]

Bear Stearns

Bear Stearns to Get Backing From J.P. Morgan, N.Y. Fed – WSJ.com Firm’s Shares Sink Amid Liquidity Fears By KEVIN KINGSBURY, ANDREW DOWELL and SERENA NG March 14, 2008 1:22 p.m.

NEW YORK — In a dramatic move Friday, JPMorgan Chase Co. and the Federal Reserve Bank of New York stepped in with emergency funds [...]

Shutterbug

Once upon a time, I fancied myself as an aspiring photographer … in addition to the stuff that I currently have posted on Flickr, I used to shoot film at clubs in San Francisco.

Some of those photos can be seen here.

Black and white photos, primarily, generally at night, with very fast film, [...]

Oh dear Lord …

From today’s Wall Street Journal:

Big Source of Clinton’s Cash Is an Unlikely Address Family’s Donations Closely Track Those Of Top Fund-Raiser By BRODY MULLINS August 28, 2007; Page A3

DALY CITY, Calif. — One of the biggest sources of political donations to Hillary Rodham Clinton is a tiny, lime-green bungalow that lies under the [...]

I need a vacation …

… too bad I’m too friggin’ broke to go anywhere, because I feel like running away from everything for a couple of years, if not longer.

It’s tax time at work … we’re really only a week or so into it, and I’m already praying for April 17th.

Part of me really feels like just [...]