• ‘Urgency’ Drives SEC Crackdown – Does this woman look like she has a shred of urgency? [WSJ]
• CIT delays report, could have to file for bankruptcy – Can someone please handle this? Thanks. [Reuters]
• BofA Judge Seeks More Data on SEC Bonus Deal – Judge Rakoff certainly doesn’t feel the urgency. [WSJ]
• AIG’s Liddy Heads Toward Retirement With ‘$1, a Few Bruises’ – And with any luck, won’t ever appear in front of a Congressional committee ever again. [Bloomberg]
Related Posts
Preliminary Analytics | 11.16.09
• Study Suggests Accounting for Contingencies Needs Help – Environmental liabilities aren’t reflecting the actual cash paid. [Compliance Week]
• Bankruptcy Rise Slows With Thaw In Lending – “Now corporate failures have slowed, as companies once on the verge of default have found a new life. These companies are now refinancing their balance sheets with new debt, pushing out maturities on existing loans or using distressed-debt exchanges to avoid a bankruptcy filing.” [WSJ]
• GM to begin repaying government loans – “[GM] reported a positive operating cash flow of $3.3bn, but cautioned that this would not be repeated in the fourth quarter and that its cash reserves would be ‘materially lower’ at the end of the year.” [FT]
• Xtremely restless: Recession intensifies Gen X’s ‘middle child’ syndrome, urge to job hop – Let’s just blame everything on the recession, shall we? [CT]
• Should paid sick days be the law? – Or maybe going to work sick should be against the law. [NYDN]
Preliminary Analytics | 10.12.09
• Stanford wins ruling in battle over fraud case defence – Court ruled that Stan can use proceeds from a corporate insurance policy to pay for his defense. Can we get on with the circus trial now, please? [FT]
• A Case Pitting Spin Against Fraud – “How far can Wall Street firms go to put a positive spin on bad news?” Used car salesmen should probably pay attention. [WSJ]
• BofA urged to seek external chief executive – Big institutional investors want fresh blood and not the next KL. [FT]
• Citi fined amid tax crackdown – $600k for derivatives that were partly designed to avoid taxes is supposedly going to scare other banks into compliance. [FT]
• Iceland Shrinks 8% as Prices Increase 11% in Deepest Recession – “The stock market has lost 97 percent of its value, and more than 780 companies have buckled under the weight of foreign currency loans as the krona plunged.” So, that’s not good. [Bloomberg]
• Improving your credit vs paying down debt – Americans can’t win. [Felix Salmon/Reuters]
Preliminary Analytics | 08.12.09
• Economists Call for Bernanke to Stay, Say Recession Is Over – “Economists are nearly unanimous that Ben Bernanke should be reappointed to another term as Federal Reserve chairman, and they said there is a 71% chance that President Barack Obama will ask him to stay on, according to a survey.” Sure, why not? [WSJ]
• U.S. Firms Probed in Mexico Oil Scam – “The probe is part of a broader two-year joint U.S.-Mexican investigation into a network of Mexican oil smugglers supported by the Gulf drug cartel, one of Mexico’s most powerful and brutal criminal organizations.” Appears reasonable. [WSJ]
• Lying Low After a Layoff – Are you really going out of your way to look employed? [Washington Post]
• Amex, Discover to end fees going over credit limit – Back to maxing out! [AP via Miami Herald]
• Feinberg’s Pay Decisions May Set the Template for Wall Street – “companies must tell him how they plan to pay the 25 top-earning employees. Feinberg will rule on the plans within 60 days after they’re completed.” Uh oh. [Bloomberg]