• Ben Bernanke: Time’s “Person of the Year” – The JDA almost fools you into thinking that she wasn’t that upset over Time’s selection. [JDA]
• BofA Taps Moynihan as CEO – The search is now on for the location for the Ken Lewis send-off. [WSJ]
• Proxy Disclosure Of Stock-Based Comp To Change Under SEC Final Rule Approved Today [FEI Financial Reporting Blog]
• SAC Capital, Steve Cohen (And His Brother) Sued By Ex-Mrs. C – She’s alleging insider trading, concealing of assets during their divorce, and wants $300 mil for her trouble. [DB]
• Citi to Suspend Foreclosures for 30 Days – “The New York-based bank said Thursday the suspension will run from Friday through Jan. 17. It applies only to borrowers whose loans are owned by Citi. Borrowers who make payments to Citi but whose loans are owned by other investors are out of luck.” [AP via NYT]
Related Posts
Preliminary Analytics | 09.16.09
• Bankers Should Repent, Archbishop of Canturbury Says – And since the bankers and others are blaming the accountants, you all should get with the penance as well [AP via NYT]
• Buffett Says the U.S. Economy Has ‘Hit a Plateau at Bottom’ – This bodes well the Beard’s calling of the match yesterday. [Bloomberg]
• Pimco’s Gross Boosts Government Debt to 5-Year High – Take note, USD haters. [Bloomberg]
• James S. McDonald, C.E.O. of Rockefeller & Co., Dies at 56 – Illuminati theories can commence now. [NYT]
• Facebook Says Its Finances Are Looking Up – 300 million members and free cash flow positive, so you must be on there providing witless comments about how you hate our jobs. Join the GC group. [Bits]
Preliminary Analytics | 09.04.09
• Stanford’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]
Preliminary Analytics | 10.15.09
• Stanford lawyer complains over level of care in prison – Apparently its not too good, as Stan is looking a little gaunt these days, sayeth the FT. [FT]
• Elk Grove Village man accused of stealing millions from investors in Ponzi scheme – “Authorities said that between Jan. 1, 2007, and Oct. 9, 2008, Carney duped investors by creating the false impression that he had cutting-edge software designed for buying and selling securities. According to one investor, Carney claimed the program received market information three minutes before other traders.” [Chicago Tribune]
• Limbaugh Dropped From Bid to Buy Rams – You know who’s to blame dontcha? [NYT]
• An Apartment Complex Teeters – “The sprawling Manhattan apartment complex known as Peter Cooper Village and Stuyvesant Town — acquired for $5.4 billion in 2006 by a venture of Tishman Speyer Properties and a unit of BlackRock Inc. — is running out of cash. As of the end of September, it had $33.7 million left of the $400 million in interest reserves set up to service its debt, according to the people familiar with the matter. At its current burn rate of about $16 million per month, the reserve could be depleted before the end of the year, the people said.” [WSJ]
• Goldman Shows Strength While Citi Limps Along – Moving on to… [DealBook]
• Capital One credit card defaults rise in September – “Credit card defaults usually track unemployment, which rose to a 26-year high of 9.8 percent in September. The jobless rate is expected to peak at more than 10 percent by year-end.” [Reuters]