September 25, 2020

Preliminary Analytics | 09.01.09

KenLewisNOPEb.jpg
BofA Seeks to Repay a Portion of Bailout – “Repaying this would mean BofA would no longer be considered an ‘exceptional’ aid recipient — a designation that has put it under a microscope by Congress and regulators, with its pay packages subject to review by the federal ‘pay czar'”. Ken Lewis isn’t going to take it anymore. [WSJ]
Madoff Liquidator May ‘Claw Back’ Charities’ Fake Profits – ‘Picard has an obligation to the bankruptcy estate to collect all the assets he can find and in theory he has to treat everyone the same way.’ Most thankless job ever. [Bloomberg]
Warning Signs: I Started Looking And The Bubble Burst… – Deloitte. Start listening. [RTA]
Icahn Pares Yahoo Stake With Sale of 12.7M Shares – Deal is done. Might as well work on GTFO. [NYT]
Corporate failures forecast to rise – “Insolvency specialists are forecasting a second wave of corporate restructurings to break in September as bankers and investors face problem investments.” [FT]
IRS to Mine Payment Data on Mortgages – “The Treasury inspector general said in a Monday report that tens of thousands of homeowners who paid more than $20,000 in mortgage interest in 2005 either didn’t file a tax return or reported income that appears insufficient to cover their mortgage interest and basic living expenses.” GASP. Someone living beyond their means? [WSJ]

KenLewisNOPEb.jpg
BofA Seeks to Repay a Portion of Bailout – “Repaying this would mean BofA would no longer be considered an ‘exceptional’ aid recipient — a designation that has put it under a microscope by Congress and regulators, with its pay packages subject to review by the federal ‘pay czar'”. Ken Lewis isn’t going to take it anymore. [WSJ]
Madoff Liquidator May ‘Claw Back’ Charities’ Fake Profits – ‘Picard has an obligation to the bankruptcy estate to collect all the assets he can find and in theory he has to treat everyone the same way.’ Most thankless job ever. [Bloomberg]
Warning Signs: I Started Looking And The Bubble Burst… – Deloitte. Start listening. [RTA]
Icahn Pares Yahoo Stake With Sale of 12.7M Shares – Deal is done. Might as well work on GTFO. [NYT]
Corporate failures forecast to rise – “Insolvency specialists are forecasting a second wave of corporate restructurings to break in September as bankers and investors face problem investments.” [FT]
IRS to Mine Payment Data on Mortgages – “The Treasury inspector general said in a Monday report that tens of thousands of homeowners who paid more than $20,000 in mortgage interest in 2005 either didn’t file a tax return or reported income that appears insufficient to cover their mortgage interest and basic living expenses.” GASP. Someone living beyond their means? [WSJ]

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