The construction and sale of the collateralized-debt obligation Abacus required Goldman Sachs' Fabrice Tourre to keep the parties on both sides of the deal — hedge-fund manager John Paulson and Goldman clients — happy. In the meantime, as e-mails released by the Senate Permanent Subcommittee on Investigations reveal, it seems the Fabulous Fab was also juggling two women: Marine Serres, a fellow Goldman colleague in London, and Fatiha Boukhtouche, a PhD student at Columbia University.
It was to Serres that Fabrice addressed the now-famous e-mail quoted in the SEC's complaint against him, on January 23, although they excised the bits in which Fab justified what he was doing — as well as his gushy sentiments about Marine.
Darling you should take a look at this article ... Very insightful ... More and more leverage in the system, l'edifice entier riqsue de s'effondrer a tout moment ... Seul survivant potentiel, the fabulous Fab (as Mitch would kindly call me, even though there is nothing fabulous abt me, just kindness, altruism and deep love for some gorgeous and super smart French girl in London), standing in the middle of all these complex, highly levered exotic trades he created without necessarily understanding all the implications of these monstruosities !!! Anyway, not feeling too guilty about this, the real purpose of my job is to make capital markets more efficient and ultimately provide the US consumer will more efficient ways to leverage and finance himself, so there is a humble, noble and ethical reason for my job ;) amazing how good I am in convincing myself !!!
Sweetheart, I am now going to try to get away from ABX and other ethical questions, and immediately plunge into Freakonomics ... I feel blessed to be with you, to be able to learn and share special things with you, I love when you advise me on books I should be reading. I feel like we share a lot of things in common, a lot of values, topics we are interested in and intrigued by ... I just love you !!!
This might be some of the nerdiest pillow talk we have ever read, but it worked for Marine, since she eventually replied
"I'd love nothing more than just curl in your arms, feel the warmth of your skin and just stay there smiling for hours ( with occasional — frequent — tender kisses ... Can't wait to whisper sweet words in your ears in a few hours!"
One week later, Fab sent the following e-mail to Fatiha.
When I think that I had some input into the creation of this product (which by the way is a product of pure intellectual masturbation, the type of thing which you invent telling yourself: "Well, what if we created a 'thing', which has no purpose, which is absolutely conceptual and highly theoretical and which nobody knows how to price?") it sickens the heart to see it shot down in mid-flight ... it's a little like Frankenstein turning against his own inventor ;) Anyway I don't want to bore you with my stories, I'm going to look in the yellow pages for the phone number of the ABX market and I'll send it to you, because I believe that a soft and sensual feminine intervention is necessary for Fab's survival
Fab (In string, which is rather free)
Amazingly, this also worked, as Fatiha replied:
I would have liked help ... but I look for the coordinates on yellowpages and I have not found ... In the absence of steps, I will also try to intervene beside you sweet and sensual way of ... ; ') L Just me know if AC can help! bizzzzzzzzzoux
We'd say that the ABX has never figured so prominently in anyone's pillow talk before—but then, we haven't seen John Paulson's personal e-mails.