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News in Texas

Those Naughty Nasty Boy Fat Cats on Wall Street

by: Libby Shaw

Fri Feb 06, 2009 at 16:47:37 PM CST


(I suck.  I really, really do.  Libby has graciously agreed to join us regularly on the TK front page.  I'm very excited by this addition to our staff of writers, and thank her for her patience with my sluggish updating of her profiles.

- promoted by boadicea)

Cross posted on Daily Kos and The Burnt Orange Report.

It seems that some of these naughty, nasty boys charged their palling-around-with-call-girl activities on their corporate credit cards.  

Uh oh.  Are these guys still in charge of their businesses? Are they the ones who received the bailout money?

The scandal may have happened pre-TARP, but this kind of behavior should make us wonder about what kinds of scumbags and whackos we have bailed out.  

According to
Raw Story
and ABC News today these boys used a $2,000 per hour call girl service where the "firm's" Madam disguised the charges as business related, e.g. "computer consulting, "roofing construction," etc.

Kristin Davis, the madam in question, went public to ABC News this week; ABC will be broadcasting her interview Friday at 10 pm. Davis says she has a list of 9,800 clients, many of whom she says New York prosecutors deliberately avoided when taking her case, even though she offered them her annotated client list.

In what's sure to create a media firestorm parallel to that of when a Washington, DC madam announced that she was publishing her client list (which included at least one senator), Davis' comments come at a time where incredible ire is already focused on Wall Street and banking executives. The pressure for her to release the list will certainly be immense.

Libby Shaw :: Those Naughty Nasty Boy Fat Cats on Wall Street
Check out who these nasty, naughty, bad boys are.  

Among the names the network says it confirmed

* a vice president of NBC Universal (owned by General Electric)
* the part owner of a Major League Baseball team who "loves Kelsey"
* the CEO of one of the country's largest private equity firms who met "Cameron" at the Peninsula Hotel
* a major New York real estate developer who, according to the list, "will come to the door wearing women's panties"
* a partner at the Wall Street law firm Cravath Swaine Moore "looking for a party girl to come fully equipped" and spent a total of $20,000
* 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"

I guess the party is over for the poor souls who must suffer an intolerable salary cap of a half a million bucks.  

Speaking of which, apparently the GOP has a problem with the Fat Cat $500K cap.   Today the Republicans threw one of their typical clown tantrums over the hardship pay.    

Wall Street bankers, with their $18 billion in bonuses, private jets and gaudy conferences, (and call girls-LS) are causing headaches for the GOP.

President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. Republicans hate the idea -- a position puts them uncomfortably on the side of people currently about as popular as child-porn producers and subprime mortgage brokers.

But the GOP has always been on the same side as child porn producers and sub-prime mortgage brokers. Conservative Republicans must absolutely despise children because they will always vote against SCHIP and they rarely if ever lift a finger to help impoverished children. Conservatives also refuse to fund efforts to produce better educational outcomes for  economically disadvantaged students.  

Getting back to the $500K hardship pay ordeal, according to Minority Whip Jackass Kyle

"Because of their excesses, very bad things begin to happen, like the United States government telling a company what it can pay its employees. That's not a good thing in America," Kyl told the Huffington Post.

And see what Moron Martinez of Florida has to say:

"What executives have done is troubling, but it's equally troubling to have government telling shareholders how much they can pay the executives," said Sen. Mel Martinez (R-FL).

Inhofe the Idiot's observations:

Sen. James Inhofe (R-OK) said that he is "one of the chief defenders of Obama on the Republican side" for the president's efforts to reach across the aisle. But, said Inhofe, "as I was listening to him make those statements I thought, is this still America? Do we really tell people how to run [a business], and who to pay and how much to pay?"

Why, when reading quotes from Republicans do I somehow get the sense that I've left the planet?

Earth to all Republican jackasses, morons, jerks, idiots and Taliban wannabes: You put us in the hell we are in.  This is the America you delivered to us after eight years of rubber stamping W.

We sure do have more than our fair share of Texas Republicans who continue to bring shame, ridicule and embarrassment to the Texas people. Read all about Taliban Pete to learn how Moron Rep. Sessions wants his Party to imitate the Taliban. Taliban Pete's comments were so outrageous that he made it on MSNBC's Keith Olbermann's Worst Person in the World segment last night.  

And then there is the unstoppable jackass of all times, John Cornyn.

Check out Lazy Lindsey G. who is bellyaching b/c he has to read a big ol' bill and Andrew the Ass on Obama's shirt sleeves.

2010 and 2012 can't get here soon enough.  

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Flames for the nasty, naughty boys n/t (4.00 / 1)


Flames for Texas Republican Jackasses, (4.00 / 1)
Morons, Idiots, Jerks, Crooks and Taliban Wannabes

Quote for the day (4.00 / 1)
"That is pretty draconian -- $500,000 is not a lot of money,
particularly if there is no bonus."

- James F. Reda, founder and managing director of James F. Reda &
Associates, a compensation consulting firm. Reda was commenting on
U.S. President Obama's cap on executive pay for companies bailed out
by the government.

http://www.nytimes.com/2009/02...



Barnett Shale: An Insatiable Thirst

My blog Bluedaze



A different view (4.00 / 1)
Please Raise My Taxes
I'M the chief executive of a publicly traded company and, like my peers, I'm very highly paid. The difference between salaries like mine and those of average Americans creates a lot of tension, and I'd like to offer a suggestion. President Obama should celebrate our success,
rather than trying to shame us or cap our pay. But he should also take half of our huge earnings in taxes, instead of the current one-third.


Barnett Shale: An Insatiable Thirst

My blog Bluedaze



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