• Back on Top, Yankees Add a 27th Title – Economic recovery is secure. Now who’s paying for the parade? [NYT]
• Senate approves jobless, housing aid – The crazies in the House are up next. [Reuters]
• When Will the S.E.C. Ever Admit They Made a Mistake? – Joe Nocera understands who were talking about, right? [Joe Nocera/NYT]
• A smooth IASB and an impairment change – “Corporate disclosures are about to get even longer if the International Accounting Standards Board gets its way.” [FT Alphaville]
• Sarbanes-Oxley Exemption Passes Congressional Committee – “[N]ot only exempt[s] small businesses (with less than $75 million market cap), but would require the SEC, together with the GAO, to conduct a study directed at reducing the burden of Sarbox 404b on companies with market cap between $75 million and $250 million.” [FEI Financial Reporting Blog]
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Preliminary Analytics | 09.22.09
• For Rent: Chief Financial Officer – “B2B CFO Partners LLC, a Phoenix, Ariz., firm that has over 100 CFOs-for-rent, charges at least $300 to $400 per month for the service.” And essentially function as super heros/therapists. [WSJ]
• Bank of America to Pay for Merrill Backstop, Faces SEC Trial – We’re pretty excited to see how the SEC manages to screw the pooch on this one. [Bloomberg]
• What the SEC Might Look Like If It Did Its Job: Susan Antilla – McNulty? [Bloomberg]
• F.D.I.C. May Borrow Funds From Banks – Is the magic money printing machine over at the Fed broken? [NYT]
Preliminary Analytics | 09.14.09
• Cadbury attacks Kraft’s strategy – “Cadbury has ratcheted up its defence against a proposed takeover by Kraft, the US foodmaker, by releasing a letter describing the US group as a ‘low-growth conglomerate.’ [FT]
• Police Eye Mysterious Death of Financier – Ponzi schemes. Murdered ex-wives. Seems like Danny Pang’s death puts a nice bow on this whole thing. [WSJ]
• Serbia ‘cuts jobs for IMF loan’ – Weren’t there loan sharks in Serbia that would have given the government a better deal? [BBC]
• BlackRock to launch trading platform – BlackRock, um may be reaching TBTF territory. [FT]
• PwC’s “Bundler” Outlives His Usefulness – P. Dubs shifting with the political winds? [RTA]
• A Clear Message to Fake Non-profits: If You’re Going to Have Drunken Sex Parties, at Least File with the IRS – Seems like good advice. [JDA]
Preliminary Analytics | 08.10.09
• Paulson’s Calls to Goldman May Have Tested Ethics – “During the week of the A.I.G. bailout alone, Mr. Paulson and Mr. Blankfein spoke two dozen times, the calendars show, far more frequently than Mr. Paulson did with other Wall Street executives.” Paging Representative Waters. [DealBook]
• Textbooks Offered for iPod, iPhones – “A provider of subscription e-textbooks for college students is making its 7,000-plus titles accessible on Apple Inc.’s iPhone and iPod Touch as interest heats up in the digital-textbook arena.” [WSJ]
• States End Up Losers in Gambling Pullback – Now, everyone loses! [WSJ]
• Expert: Madoff Victims May Wait 15 Yrs. For Full Payout – “…some non-wealthy clawback subjects paying $50 to $100 a month in an installment plan.” [New York Post]
• Even sex tough to sell in this recession – BAIL-OUT! BAIL-OUT! BAIL-OUT! [Greg Burns/Chicago Tribune]