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Preliminary Analytics | 09.04.09

r.jpgStanford’s Money-Losers, Unlike Madoff’s, Get No Help From SIPC – Sucks. [Bloomberg]
Ex-SEC Lawyer: Madoff Report Misses Point – “Genevievette Walker-Lightfoot told Dow Jones Newswires on Thursday the SEC inspector general should have focused more of his attention on how supervisors, rather than the staff examiners and investigators, handled the agency’s many stillborn probes of Mr. Madoff.” Supervisors? Responsibility? Get out. [WSJ]
Zimbabwe to get $500m IMF loans – Seems silly that these are called loans. [BBC]
U.S. Job Losses Increased in August, Unemployment Rose to 9.7% – And the spin is that this good news. [Bloomberg]
Congress to probe SEC’s lapse on Madoff – Because this is a perfect opportunity for members of Congress to talk about how smart they are and how stupid the SEC is. We haven’t had enough of these anyway. [Reuters]