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Norb Vonnegut
Norb Vonnegut
"If anybody can turn international finance and hedge funds into a riveting thriller, it's Norb Vonnegut." (Jeffery Deaver) When the money talks…I listen. And I write about what happens behind the scenes in the bare-knuckled world of finance. THE TRUST, THE GODS OF GREENWICH, TOP PRODUCER.
 

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Jun. 29, 2009 11:34 pm
Judge Denny Chin sentenced Bernie Madoff to 150 years today. But the BM story is far from over. The next chapter will examine the Securities Investor Protection Corporation (SIPC). And there's one question for every American? How can we tolerate the conflicts of interest between SIPC and court-appointed trustees? The problem is the "success fee." Irving Picard is the trustee in the...  Read More
Jun. 26, 2009 11:42 am
Acrimoney has given further thought to Madoff's request for leniency. Ira Sorkin, Madoff's defense attorney, argued for a twelve-year prison sentence. He referenced Madoff's life expectancy of thirteen years as justification. Madoff is seventy-one. If he lives thirteen more years, he'll reach eighty-four, the average life expectancy for men living in the USA. Sorkin is arguing, in effect, that...  Read More
Jun. 23, 2009 2:10 pm
Ira Sorkin, defense attorney for Bernard Madoff, requested his client's sentence be limited to twelve years. He cited Madoff's age and thirteen-year life expectancy. He noted the crime was non-violent. And he added that Madoff surrendered voluntarily. Sorkin asked the judge to avoid "mob vengeance." In an online report, CNN Money described his legal position by writing, Madoff says 12...  Read More
Jun. 19, 2009 5:07 pm
My Writing Life Publishers Weekly just released a nice review of Top Producer , my debut novel. We're all pretty excited over here at Acrimoney. You might be interested in reading PW's thoughts about what's inside Top Producer. Thanks for visiting Acrimoney. Have a great weekend. www.acrimoney.com  Read More
Jun. 19, 2009 4:59 pm
We at Acrimoney love financial fiction. Oh, but wait. Today's story isn't fiction. A Facebook friend sent this link to examiner.com. Details have been percolating through the Internet all week about Treasury bonds found in Como, Italy. Two Japanese nationals were detained in northern Italy last week by Italian police. These men were found with "249 U.S. Treasury bonds each worth $500...  Read More
Jun. 19, 2009 4:43 pm
There's been an important development in the fight against financial fraud. Today, The Wall Street Journal broke a story with broad implications. The Securities and Exchange Commission barred Bernard Madoff from the securities business. We all feel safer, right? Yeah, right. Haven't the horses already broken from the gate? Madoff duped the SEC. He torched the portfolios of 8,800...  Read More
Jun. 12, 2009 9:51 pm
What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They're all locked in the same New York prison . It's too bad Ghailani, Guantanamo detainee and terror suspect with alleged links to Al Qaeda, is being held in isolation. I can't help but wonder about conversations during meal hours. Ghailani: I used to watch your boat, Bernie, from my cell window in Cuba. ...  Read More
Jun. 11, 2009 1:20 pm
Today, Acrimoney is pleased to introduce Grove O'Rourke from Sachs, Kidder, and Carnegie. Grove manages about $2 billion in total assets for wealthy families. He's seen it all inside his investment bank. He'll be joining Acrimoney for a new guest series: What Would Grove Do? As a regular on our blog, Grove will discuss market events, trading lingo, and how to work with financial advisers. On...  Read More
Jun. 8, 2009 10:40 pm
Something in the refrigerator went bad. Way bad. It smells awful. I thought it was the milk. When rancid, milk is quite possibly the most foul and vile substance on the planet. Not the problem. I checked the broccoli. That vegetable emits ripe and fearsome odors when it spoils. Not the problem. There in the back. Behind the butter. Next to the barbecue sauce. There's the problem, a...  Read More
Jun. 6, 2009 1:29 pm
Today is the 65th anniversary of D-Day. This video is Ronald Reagan's tribute to the Allied sacrifices at D-Day. My brother wrote about Reagan's address, "His words and the sentiments they invoke are just as applicable today as they were 25 or 65 years ago." We're taking a few moments to remember the events of June 6, 1944.  Read More
Jun. 6, 2009 11:55 am
Today is the 65th anniversary of D-Day. This video is Ronald Reagan's tribute to the Allied sacrifices at D-Day. My brother wrote about Reagan's address, "His words and the sentiments they invoke are just as applicable today as they were 25 or 65 years ago." We're taking a few moments to remember the events of June 6, 1944.  Read More
Jun. 4, 2009 11:22 pm
Last week Acrimoney posted an article entitled, Part I: The Ponzi Wives Poll . We presented the following case. A woman left her husband ten years ago. She waited until 2007 to sue for divorce. As their battle played out in court, a second front emerged. In 2009 the SEC charged the husband with financial fraud. We mentioned a few surplus details, like the husband's "outside wives," which...  Read More
Jun. 3, 2009 12:01 pm
At Acrimoney, we love underdogs. We don't care where their stories originate, the world of private wealth management or elsewhere. Glasses off, sleeves rolled up, ready to mix it up—we are drawn inexorably to people who plow through life trying to do the right thing. Last Saturday I joined Insider Exclusive as Steve Murphy filmed The Fight to Save Tator's Dodge . Chrysler plans to close 789...  Read More
Jun. 3, 2009 11:00 am
At Acrimoney, we love underdogs. We don't care where their stories originate, the world of private wealth management or elsewhere. Glasses off, sleeves rolled up, ready to mix it up—we are drawn inexorably to people who plow through life trying to do the right thing. Last Saturday I joined Insider Exclusive as Steve Murphy filmed The Fight to Save Tator's Dodge. Chrysler plans to close 789...  Read More
Jun. 2, 2009 12:09 pm
Chewy cookies are the best. Archway, the master for years, made great oatmeal cookies. But last October the company declared bankruptcy. And over the weekend,  The New York Times  exposed the accounting shenanigans that preceded its collapse. The article is unsettling at a visceral level. We enjoy Archway cookies at Acrimoney. The article also illustrates the difficulty of making money in...  Read More
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If all goes well you will see a change in the layout of BestThinking's Home and Category pages. Topics & Articles and Blogs & Books will no longer be shown in two separate columns.

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