• Bernanke Calls for Action on Reform – Ben is kindly reminding everyone that maybe we should try to make some regulatory changes since, you know, the world almost ended. [WSJ]
• The pyramid principle – Small banks are not doing so hot. [The Economist]
• Critics: Executive Pay Cuts A Sop To Taxpayers – Campaigns are starting people, progress will have to wait. [NPR]
• Man Pleads Guilty To DWI In Motorized La-Z-Boy – Doing anything with a BAC of 0.29 is probably illegal. [AP via NPR]
• Bank claim that is out of this world – Dalton Chisholm has to present additional evidence today in order to give him a prayer at becoming the first ever billion-trillionaire. [BBC]
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Preliminary Analytics | 08.28.09
• Big Ticket Seller Tried Deal With Scalpers – Ticketmaster has obviously never tried to get Phish tickets on the day of the show after dropping boomies. You can’t reason with that scum. [WSJ]
• Frank: No Consensus In Sight On Financial Reform – As opposed to thoughts on Maxine Waters’s lunacy, which we all happily agree on. [NPR]
• SEC’s Schapiro Calls Derivatives Data ‘Critical’ for Probes – And by critical, Schape means, “If you don’t give me the data, I will end you.” [Bloomberg]
• Treasury Document Called AIG Investment ‘Highly Speculative’ – No honesty in government? Bah. [Bloomberg]
• ‘Blood Oath’ Sealed Stanford Deal, Court Is Told – What the Times isn’t saying is that the whole thing went down in a treehouse and they kept emergency antiseptic and bandages nearby just in case things got out of control. [NYT]
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 | 08.19.09
• Reluctant Shoppers Hold Back Recovery “Retail executives said they don’t expect conditions to improve until next spring. Some stores are girding for slow back-to-school and Christmas seasons by cutting inventories.” [WSJ]
• California to get $1.5-billion loan from JPMorgan Chase – Oh Jamie Dimon, you can do anything! [Los Angeles Times]
• Anschutz Sues Bond Raters, Banks Over Auction Rate Securities – You show ’em Phil. [Bloomberg]
• More Banks in Europe Identified in Tax Probe – “Among the banks named in the voluntary disclosures are Swiss banks Credit Suisse Group AG, Julius Baer Holding AG, Zürcher Kantonalbank and Union Bancaire Privée, known as UBP.” [WSJ]