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Preliminary Analytics | 12.04.09

graduation.jpgBe fair to Bernanke – Steve Rattner, former car czar, makes the case for the Beard. [WP]
New Jersey Losing $22,000-a-Day With Swap for Bonds Never Sold – The Garden State owes the Bank of Montreal $23.5 million: “The sum, about the same as the salaries for 113 teachers over three years, will allow it to avoid a $50 million penalty for canceling the contract, which was tied to planned sales of school-construction bonds.” [Bloomberg]
Chávez Spurs Bank Fears – The next big mess? ‘It’s going to blow…It’s just a matter of time.’ [WSJ]
Petters Plans Appeal of $3.5B Fraud Conviction – “Efforts to recover money to compensate victims will likely net only pennies on the dollar, and prosecutors have not ruled out new charges against others.” [AP via NYT]
The PCAOB Wants an Increase in Its Allowance – JDA, always wanting to be helpful, has some suggestions for the PCAOB. [JDA]