It is one thing for a young banker to move to Williamsburg. It is an expected, if unfortunate, product of gentrification. But what does it say when a former Goldman Sachs boss and New Jersey political hand drops a million bucks on a Burg condo?
While former New Jersey governor Jon Corzine distracted himself from the whole MF Global scandal with plans for a new hedge fund (who wouldn’t like to think of making millions after you lose billions?), his former chief of staff, Goldman buddy and MF Global second-in-command Bradley Abelow decided to pick up another home, a condo on Karl Fisher Row overlooking the track and field at McCarren Park.
Standard Chartered, the British bank that agreed to pay a New York State regulator $340 million to settle charges that it violated U.S. sanctions with Iran, is nearing a settlement with the U.S. Treasury and Manhattan district attorney, according to The New York Times. The anticipated deal will likely cost Standard Chartered less than its settlement with New York’s Department of Financial Services, because the federal and local authorities view the banks actions less severely than did the state regulator.
A Department of Justice probe into the collapse of MF Global is going nowhere fast, according to The Wall Street Journal, which reports that former CEO Jon Corzine met with federal investigators for the first time last week. Meanwhile, sources tell The Journal that it’s looking more unlikely criminal charges will be filed.
“Many people on Main Street distrust Wall Street right now, yet few can put their finger on why,” said Jamie Raab, publisher of Grand Central, according to The Times.Which is an overwrought explanation for giving former Goldman Sachs executive Greg Smith $1.5 million for his book, Why ILeft Goldman Sachs. A simpler reason: People want the dirt.
“For us, we had to do something different,” said Donald Trump Jr. last week, his voice rising with excitement.
Freshly tanned from a recent visit to Mexico, where he was overseeing a new project, the slicked-back scion grew steadily more enthusiastic as he discussed 40 Wall Street, an office tower that, with its rising and falling tenant roster, has contributed to the Trump Organization executive vice president’s growing reputation as a competent steward of the family name, a reliable fixer and successful dealmaker in his own right.
Fresh off the highly publicized collapse of securities firm MF Global Holdings Ltd., former New Jersey Governor Jon Corzine is allegedly sniffing around for new office space at 40 Wall Street, The Wall Street Journal reports.
Mr. Corzine has set his sights on sharing space with John Carris Investments, a full service investment banking firm whose corporate headquarters are located inside the Trump Organization-owned office tower, The Wall Street Journal reports.
A spokesman for John Carris did not respond to a request for comment.
2012: Corzine, Orin Kramer raising for Obama. [Page Six]
1964: Bill Clinton visited Times Square, saw “a hooker approach a man in a gray flannel suit.” [Politico]
The Lede: “You can’t find a hooker in Times Square anymore, former President Bill Clinton lamented Wednesday.” [Adam Lisberg]
John Cook: He can’t Read More
Goldman Sachs bankers like trekking into the wilderness of public service, but once they go, they don’t come home. An executive who becomes a senator, an intelligence adviser, a deputy secretary of state, a White House chief of staff or a Treasury secretary hardly ever returns to Wall Street. And the second act in finance, Read More
Kathleen Rice, the Nassau County district attorney who is running for State AG, announced she’s hired a few key campaign aides (doesn’t seem like they’re putting much stock in the Cuomo campaign talk of a re-election campaign).
Shams Tarek, spokesman. He most recently worked for the NYS Senate Democrats (and, full disclosure, Read More
With Goldman Sachs mired in a months-long p.r. spiral–so bad that its outspoken spokesperson took to the Huffington Post to state the company’s case–one former C.E.O., who happens to know a bit about bad press, has a suggestion.
“The best thing to do is kind of what the p.r. consultants said, speak Read More
It was Oct. 13, and inside the wood-paneled lobby of the Newport Office Center, which rises like a glass punctuation mark from the Jersey City shore of the Hudson River, Governor Jon Corzine was gleefully announcing a huge score in the Garden State’s long-simmering battle with Manhattan for office tenants.
The Depository Trust and Clearing Read More
So there we were somewhere around 10 o’clock on Election Night, watching as county after county reported devastating news for Jon Corzine.
New Jersey’s governor—for whom Barack Obama made two splashy campaign appearances in the home stretch—was going down, the first Democrat to lose a statewide race there in 12 years, and only the second Read More