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A: The "best little whorehouse on Wall Street"

Fri, 02/06/2009 - 3:34pm — connecticut man1

Q: Where did some of these incompetent and corrupt bankers spend their time and the banks' money last year?

  • an investment banker from Lehman Brothers who saw "Kelsey and Keely together" and later saw "Aria and Skyler at the same time"
  • an investment banker at JP Morgan Securities who "loves Brooke" and spent $41,600
  • an investment banker at Goldman Sachs who "only wanted all-American girls" and spent $27,000
  • a managing director from Merrill Lynch who saw "Lana" using the name "Nataly"
  • a managing director from Deutsche Bank "who called about seeing Nataly again"

Oh yeah... I guess these "corporate expenses" are very likely getting covered by "US" now.

"Some of these guys, I was invoicing on corporate credit cards," she said. "I was writing up monthly bills for computer consulting, construction expenses, all of these things, I was invoicing them monthly so they could get it by their accountants," Davis said.

C'mon an' say it with me: "FRAUD"

Of course, Kristen Davis was prosecuted, jailed and fined for her part... As for the nearly 10,000 high powered clients committing fraud to cover up their misdemeanor crimes, making these crimes a felony? Typically, the men remain untouched by these scandals.

How do you feel about bailing these people out?

Note to ABC news: We want names! All 10,000 of them.

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And David Vitter (diaper fame) now on committee overseeing TARP

By jawbone on Fri, 02/06/2009 - 3:42pm

Think he'll vote to investigate these expenditures?

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I had not even thought of that...

By connecticut man1 on Fri, 02/06/2009 - 4:05pm

Might be worth asking him what he thinks? Media? Anywhere???

Also: Take note that the articles listed in the ABC story lead to stories on those companies instead of the typical "NASDAQ corporate rundown" of what these companies do...

Any names in those articles sound interesting? Maybe a hint?

  1. "Both the former investment banks are likely to be opportunistic in growing their deposit franchise, analyst Kenneth Worthington said in a note to clients and adjusted his 2009 profit estimates on the companies."
  2. "Goldman Sachs Group Inc Chief Financial Officer David Viniar said the bank is keen to avoid restrictions it agreed to after receiving funds from the U.S. government late last year and it is looking to pay the money back as soon as possible."
  3. "By December, as Merrill's losses were soaring, BofA Chief Executive Ken Lewis told U.S. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke he was having second thoughts, the paper said, according to people close to Lewis."
  4. "Santander Chief Executive Emilio Botin has steered the biggest bank in the euro zone around the worst of the financial storm by sticking to a simple retail bank formula and sidestepping the local property crash. [snip] On Thursday, its Swiss Chief Executive Josef Ackermann struck a gloomy note, predicting "very difficult conditions for the global economy" and "significant challenges for our clients and for our industry"."

The first Lehman article has no names. And this could be nothing more than linking out to recent articles...

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Well, at least Vitter's going to put some people back to work!

By lambert on Fri, 02/06/2009 - 4:11pm

Haw.

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"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi

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two laws

By DCblogger on Fri, 02/06/2009 - 3:52pm

one for women, another for men

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Yep...

By connecticut man1 on Fri, 02/06/2009 - 4:07pm

But this time the government is picking up the tab on their crimes.

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So, I guess Spitzer was the rule, not the exception

By lambert on Fri, 02/06/2009 - 4:13pm

Quelle surprise.

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"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi

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10,000 high powered corporate clients and...

By connecticut man1 on Fri, 02/06/2009 - 4:25pm

How many of them do you think are deeply embedded in the two political parties?

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Spitzer paid his own way; never padded the gov't expense voucher

By jawbone on Fri, 02/06/2009 - 4:36pm

These guys did.

And Sptizer was willing to take on Wall St, which may explain why he was outed. Then ousted.

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To be fair,

By connecticut man1 on Fri, 02/06/2009 - 10:34pm

this is true.

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Long History on Wall Street

By BDBlue on Fri, 02/06/2009 - 6:34pm

of treating women like chattel. Smith Barney had a "boom boom" room. See here.

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"Do what you feel in your heart to be right -- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't. " - Eleanor Roosevelt

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