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Melvyn Weiss

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Introducing Goldman CFO David "Bones" Viniar

FINANCE • Meet David "Bones" Viniar, the reclusive Goldman CFO who's quadrupled profits in the last eight years. A graduate of Bronx Science, he sits at the top, surveying his domain, as CEOs come and go. [Financial News via DealBook/NYT] • Stephen Feinberg's Cerberus is clearly the hedge fund's hedge fund: to help finance the firm's acquisition of Chrysler, Feinberg roped in $100 million from at least four other top firms — and made them pay for the privilege. [Deal Journal/WSJ] • Another sign that we're in the wrong business: Henry Kravis managed to ink an $8 billion buy-out, later back out of the deal, and then even got his bankers to step up and pay the penalties. [MarketBeat/WSJ]

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Walters Says Greenspan Always Gave Bad Advice

FINANCE • Alan Greenspan's old flame Barbara Walters complained the G-man never gave good advice, insisting back in the seventies that she avoid an apartment on Fifth Avenue because it was a "bad investment." [NYP] • Henry Kravis got a little egg on his face thanks to the collapse of the $8 billion Harman buyout. Steve Schwarzman gets bragging rights or an excuse to back out of his own impossibly huge deals. [Deal Journal/WSJ] • With computers taking over, the NYSE plans to cut the trading floor down by half from its historic high. The famous Main Room and "the Garage," opened in 1903 and 1922 respectively, will remain open. [NYT]

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Goldman Defies Credit Crunch

FINANCE • Credit crunch, what credit crunch? Goldman's record profits, which involved somehow shorting the mortgage market, have left a bonus pool of $17 billion, even larger than last year's record. [WSJ, DealBreaker] • The surge in the markets aside, the Fed rate-cut had one immediate bad effect: The Canadian dollar, a.k.a. the Loonie, pulled even with U.S. greenbacks for the first time since 1976. The euro also pushed past $1.40, another record. [NYP] • It's tough out there for a billionaire: While sixty-four New Yorkers made Forbes's list of the 400 richest Americans, eighty-two Americans failed to make it with their paltry billion dollars. [AP]

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