Of Chinese Walls and Hahvuhd Yahds

Posted in Professional Sports on August 7th, 2013 by Craig Zuckerman

Screen-Shot-2013-08-02-at-5_29_40-PMWhat on earth is a Chinese Wall?  Yes, it could be the Great Wall of China. But it’s not.  It is a business term, which is defined as an “ethical barrier between divisions of a financial (or other) institution to avoid conflict of interest.” (Investorpedia)

The typical example would be an investment banking firm with multiple lines of business. Perhaps one division is helping a company sell its bonds to the public, and perhaps another division is analyzing its client’s assets, etc.  One division might realize its assets are worth about 20 cents on the dollar, while the other is trying to ream the public by selling the bonds for 97 cents on the dollar. (Any bells going off yet? Think Mortgage Crisis).

Anywho, imagine what would happen if Read more »

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The King James Curse….Just Like We Told Ya

Posted in Professional Sports on May 11th, 2011 by Ian Paregol

Well, we have earned another ‘Pat (Riley) on the back.’  Over a month ago – on April 9th to be exact – with a handful of games left in the regular season, The Bench Jockeys guaranteed a Celtics-Heat post-season match-up and we told you it would not end well for the Celts.  We surmised that the newly-inked Unholy Alliance between the Fenway Sports Group and LeBron James was an affront to everything Boston and would result in chaos in the streets of the North End and on Landsdowne.  We even suggested that ol’ 33 would have been a more appropriate partner for the FSG venture and questioned the wisdom of such a union, ripe with such frightful potentialities for the Boston faithful. http://thebenchjockeys.com/2011/04/09/a-cursedly-simple-answer-for-red-sox-slow-start/  We even told you how it would end… a Read more »

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