Treasury reportedly had a hard time finding hedge fund managers to get involved in PPIP, the government initiative intended to help firms unload their poisonous mortgage securities. But the ones it did get, well, court documents show that they're doing all they can to live up to the Wall Street stereotype. Jeffrey Gundlach, a former manager of a top-performing mutual fund at the TCW Group -- which partook in the PPIP before withdrawing last month -- was fired amid accusations that he tried to loot the fund of its data, clients and employees in an effort to launch a firm of his own. But when Gundlach, who employees say liked to call himself "the Godfather" and "the Pope," was dismissed, TCW alleges it found a stockpile of porn and pot in his office.

Topics:  the godfather   the pope,   wall street   jeffrey gundlach   tcw group   gundlach   dvds   doesn't tcw   ppip   tcw   porn   pot   lawsuit   manager   hardcore   fund   employees   videocassettes   paraphernalia   firm   

 

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