Bonus Bananas October 28, 2011

1) Merkel: 50 pct haircut to cut Greek debt by 100 bln euros (Reuters) - It's gotta suck to be Greek right now. Your creditors feel lucky to get 50 cents on the dollar, your goverment couldn't borrow a buck from a payday loan joint, and now you have full-time fiscal babysitters making sure you don't fuck things up any worse. Pass the Ouzo.

2) Madoffs Attempted Suicide, Wife Says (FIN Alternatives) - Who enters a suicide pact with Bernie Madoff? I can almost hear the conversation. "Sure thing, Ruthie, you take the pills first. I'm right behind you." What a dick.

3) Here's Why Everyone's Freaking Out About BofA Moving Its Derivatives To Its Retail Banks (Business Insider) - This probably hasn't been getting as much attention as it should be. We touched on it last week, but one of you hit me on Twitter and asked me to do a whole post about it. I may still, but this is a pretty good explanation of the situation in the meantime.

4) Number of female 'Fortune' 500 CEOs at record high (USA Today)- This is great news considering where women were in the workforce just 40 years ago. I'm betting the President of the United States will be a woman within the next two decades. And ladies, we men in business are glad to see you to break through the glass ceiling; it makes it easier to look up your skirt.

5) Spenders Become Savers, Hurting Recovery (Wall Street Journal) - I understand the theory behind this, but I just can't swallow that Americans doing a better job of managing their personal finances is a bad thing. Maybe I'm just an Austrian at heart, but saving and investment were what put America on the map in the first place. If the crisis has taught us anything, it's that debt is a disease.

6) The tarnished broker (The Independent) - When it comes to hatchet jobs on bank CEOs, Jamie Dimon generally fares pretty well. And while this piece doesn't rise to the level of "hatchet job", it does make the case that JP Morgan Chase in general and Dimon in particular could be doing a lot better job. By the way, how did I miss the fact that Dimon came to blows with Sir Deryck Maughan in 1998? Would've liked to have seen that.

7) Army Ranger Dies On 14th Deployment (ABC News) - There's bad ass, and then there's taking it to a whole other level. Sgt. First Class Kristoffer Domeij, 29, was killed by a roadside bomb in Kandahar Province this week on his 14th combat deployment. The Army Ranger spent time in both Afghanistan and Iraq, where he was part of the team who rescued Jessica Lynch in 2003. It's men like this who make me proud to have been a part of the military. Elysium welcomes another warrior home.

8) Worst California biker feud in decade erupted at Starbucks (Reuters) - This is some Sons of Anarchy shit here. Apparently the Hells Angels and the Vagos went full auto on each other at John Ascuaga's Nugget in Sparks, Nevada (boy, do I ever have a story about that place) after the two gangs clashed months earlier with ball peen hammers outside a Starbucks in Santa Cruz, California. You read that right: fucking hammers.

9) Rob Gronkowski Apologizes for Pics with Porn Star BiBi Jones; Jones Responds With Tweet Of the Year (Bro Bible) - So Patriots tight end Rob Gronkowski spent some quality time with loose end Bibi Jones during his bye week. I don't get why he had to apologize; it's not like he was caught on videotape cheating on the sidelines or anything. In any case, we come to find out that young miss Jones is quite the draw with professional athletes, but at least she's all class about it.

10) Why You Shouldn't Pick Up The Halloween Slut (Ask Men) - While we're on the subject of sluts, Halloween is this weekend, so they'll be out in force. While this can be a feast for the eyes, this piece argues that you're probably better off going after the gal dressed as a Mother Theresa than you are the half-naked witch if you're looking to score. The logic behind it? Halloween is for make believe, so the prudes dress like sluts and vice versa. Makes sense to me.

For the Video of the Week this week, I thought I'd get the female perspective on the subject. Jenna Marbles doesn't entirely agree with #10's analysis, and she's just cute enough to hear what she has to say for 5 minutes. Plus, she says "fuck" a lot. Her daddy must be proud. Enjoy:

That's it for this week, fellas. Let me know what you think of this week's bananas in the comments, and have a Happy Halloween and a great weekend!

 
article:
As a result, total household debt—through payment or default—fell by $1.1 trillion, or 8.6%, from mid-2008 through the first half of 2011, according to the Federal Reserve Bank of New York. Auto loan and credit-card balances in August had their biggest drop since April 2010, the Federal Reserve said.

The great deleveraging indeed.

I am not cocky, I am confident, and when you tell me I am the best it is a compliment. -Styles P
 
eokpar02:
article:
As a result, total household debt—through payment or default—fell by $1.1 trillion, or 8.6%, from mid-2008 through the first half of 2011, according to the Federal Reserve Bank of New York. Auto loan and credit-card balances in August had their biggest drop since April 2010, the Federal Reserve said.

The great deleveraging indeed.

That just might be what this period of US history is called. Nice.
Get busy living
 

5 - in an economy driven by quarterly results, saving is the worst thing for a lot of companies, but fuck 'em, if they can't hack it they'll be replaced. This is part of a broader restructuring of the economy that is good for the long term, even if the numbers are a little depressing in the short term.

6 - Dimon is the fucking man, anything they throw at him is just going to make him more famous. "Yeah, that's right, I punched out a fucking knight because he stepped outta line."

Regarding your video: I'm seeing 'sexy zombie' a lot this year and my brain can't handle it: gore + boobs = I don't know how to react. Am I turned on? Am I repulsed? I don't know, I just don't know

Get busy living
 

http://www.youtube.com/embed/VtAkRE8yw9w

Eddie watch this-----I guarantee the words "Screen door" and "Hurricane" will enter your mind (because I know you).

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

Possimus harum qui cupiditate possimus alias iusto autem. Dicta accusamus laudantium nihil nihil animi at velit. Ut esse sit facere quidem voluptate molestiae expedita. Deserunt aut temporibus quia officia.

Cupiditate praesentium illum delectus optio rerum. Officiis nemo tenetur quod ut sint eos fuga. Velit et voluptate necessitatibus odit facilis ut earum corrupti. Dolorem aperiam nulla sint totam voluptatem ipsum quo.

Velit laudantium quis nisi possimus. Velit in voluptas iusto voluptatem facilis deserunt. Occaecati cumque dicta similique. Ut ducimus ut qui itaque recusandae quasi aperiam.

Expedita assumenda suscipit cumque. Ut nostrum nostrum id qui. Facere totam accusantium in modi omnis illum voluptatum. Vel rem velit adipisci tempora eum vitae sint pariatur.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”