Empire State Building
Poor Zach Braff. He’s catching so much guff, when all he really wants to do is strike the perfect balance between quirky and relatable.
He crowdfunded his latest film, Wish I Was Here, which we gather is like a male version of Raising Helen with some slight tweaks. It also stars Kate Hudson. It sounds nice enough.
But everyone’s pissed about the movie’s Kickstarter campaign. Mr. Braff is a big star, his detractors have argued. What’s he doing asking strangers for money when he’s got the connections to get big studios to invest in his movie?
Malkin Holdings has received an unsolicited $710 million offer for One Grand Central Place – another surprise twist that could stifle plans to make the Empire State Building part of a real estate investment trust.
The 1.3-million-square-foot, 55-story building at 60 East 42nd Street is the second largest building in the proposed Empire State Realty Read More
Bloomberg has a story today about a former Securities and Exchange Commission official who left the agency to work as a securities lawyer, and the cozy relationship she maintained with her former employer. It’s a long read, and a good one, reported out of FOIA’d emails between SEC employees and former agency commissioner Annette Nazareth—leaning on those emails to lift the curtain on the revolving-door phenomenon in which financial regulators leave government service for more lucrative work in service of financial firms.
The part that caught our eye concerns emails between Ms. Nazareth and David Becker, SEC general counsel and senior policy director in July 2009, and appear to concern Dodd-Frank’s specification for a uniform fiduciary standard to govern the behavior of broker-dealers and investment advisers.
For anyone who’d like to see the bank executives who led America into the teeth of the financial crisis strung up by the laces of their Prada wingtips, a trip to the Southern District courthouse in Lower Manhattan may be a deflating experience.
The Observer had come to the federal courthouse seeking succor. Late last Read More
White Collar Grime
Yesterday, U.S. District Judge Jed Rakoff blocked a settlement between the S.E.C. and Citigroup, criticizing the S.E.C. for settling a case without proving the factual nature of its allegations and allowing the bank to pay a fine and admit no wrongdoing. His published opinion, which might provide some satisfactory morning reading to some of those New Yorkers enjoying “passive recreation” in Zuccotti Park, is scathing.
The FBI has tasked agents from its Behavioral Analysis Unit with profiling the tics and traits of a Wall Street fraudster, according to Reuters.
As is pointed out a number of times in the article, this is a difficult task, since what makes people good at business might coincide with the things that make them Read More
As The Observer‘s Maureen Tkacik noted two weeks ago, Mary Schapiro, chairman of the Securities and Exchange Commission, is a popular figure in Washington. She wins high marks for her integrity, hard work and decency–qualities that often are in short supply in public life.
And yet, for all the affection, Ms. Schapiro finds herself in Read More
Few cops are as well liked as Securities and Exchange Commission Chairman Mary Schapiro. “Oh, Mary is just a really nice, good person,” former S.E.C. commissioner Isaac Hunt told The Observer. “I don’t think anyone doesn’t love Mary.”
“Mary is extraordinarily smart, open-minded and her integrity is absolutely above reproach,” said Susan W. Phillips, an Read More
As investors basically trample each other, begging Goldman Sachs to please let them invest in social-networking site Facebook, Goldman is making sure to let clients know that it may cut its own stake in the company’s performance at any moment, without telling them.
Bloomberg got a copy of the Facebook investment Read More