wall street summer

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Just Another Summer on Wall Street

Another week slipped by on Wall Street, and it was a quiet one. For summer, that is.

And thank goodness. All the scandals, all the negative news, all the time, always something. I'm getting tired of writing so much.

It's my summer too, you know.

So, when my extraordinary good fortune led me into the company of a spectacular woman this past week, I escaped the Street reality, enjoyed the beach, the Hamptons... and did I mention a spectacular woman?

But just because I was out of touch (from reality) last week doesn't mean the surreal wasn't spilling out all over the Street.

Okay, so it was little stuff, but it's still stuff. And it's still surreal...

Like finding out that Vikram Pandit, CEO of that little banking outfit Citigroup, got paid more last year than the bank paid in taxes.

That's news you ask? No. Granted, we know that all those poor banks that suffered deep losses on account of a lot of sore-loser homebuyers who got the Street mantra wrong (it's "buy high, sell low," right?) won't have big tax bills for a while because they saddled the good-guy banks with huge tax loss carry-forwards.

Besides, Vik (can I call you that?) deserves it.

Can you imagine all the negative press he gets? He deserves more; I say give it to him and the other banksters who have to work so hard to keep their jobs while their firms don't have to work nearly as hard to not pay taxes.

And then I heard that Jon Corzine was thinking about yet another career move.



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