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Showing posts with the label Fabrice Tourre

Even the Fabulous Fab

... looks fabulous. For a story on the opening of the trial, go here: Dealbook.   By the way, if you already know the basics of the Tourre trial, if you make a point of following such things, you are excused. because I don't plan on getting very deeply into this today. For those of you still with me then, the central figure in the photo nearby is Fabrice Tourre, who was famous not too long ago. Indeed, one might have thought that his trial would be a major circus.  But the circuses are elsewhere just now. What with Zimmerman's acquittal, a new royal baby, the latest news about Mr. Weiner, and the bankruptcy of Detroit, the Tourre trial is passing under the radar. Tourre was a mid-level trader at Goldman Sachs who was involved in some of the Abacus trades. He and Goldman have gone their separate ways. But Goldman Sachs is still paying for his defense costs. This sounds awkward. What if his best defense is to pass the buck upward? At any rate, To...