Happy 4th of July capital market servants, tax wonks and accountants of all stripes. Get out there and make some bad decisions (responsibly of course!) this weekend. We’ll see you on Tuesday unless we get word of another good time gone wrong.
CIT Names Former Cerberus Exec CFO [FBN]
And your winner is Scott T. Parker.
IRS agent: Blagojeviches spent $400,000 on clothes [AP]
Is anyone surprised by this? “Next to their mortgage payments — $392,000 — their second-biggest payment from 2002 to nearly the end of 2008 was $205,000 on Tom James/Oxxford custom clothes, revenue agent Shari Schindler said.”
France Calls Google a Monopoly [Floyd Norris/NYT]
Couple Accused of Stealing $2M From Veterans [FN]
A couple of septuagenarians no less!
Researchers: Regions’ religiosity cuts down on accounting scandals [Nashville Business Journal]
Bible belt = less accounting scandals? Texas A&M says Hallelujah!
How Bad is the Budget Outlook? [TaxVox]
In a word: prettyfuckingbad.
Governor puts 200,000 state workers on minimum wage [Sacramento Bee]
In the battle between Sacramento and Albany for the most incompetent/corrupt/helpless state government, it appears that Arnie has kicked the efforts up a notch.
Some NY hedge fund execs may escape new tax [Reuters]
Speaking of Albany, the hedge fund manager tax that David Paterson & Co. were kicking around is as good as dead now that Hizzoner got a word in on the matter. Back to the drawing board.
Apple Acknowledges Flaw in iPhone Signal Meter [NYT]
How they got Steve Jobs to cave on this is anyone’s guess.