• Stanford again seeks bail – Dude is crackin’ [Houston Chronicle]
• Blackberry users faced e-mail outage Tuesday evening, less than a week after previous outage – Speaking of crackin’. [CT]
• Citi Denies Theft Report, Says Accounts Are Safe – Apparently the Journal is in the business of publishing fake news as Citi continues to maintain that there’s “Nothing to see here.” [WSJ]
• AIG executives’ promises to return bonuses have gone largely unfulfilled – All the populist rage was totally worth it. [Washington Post]
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Preliminary Analytics | 10.05.09
• Soros Says ‘Basically Bankrupt’ Banks Restrain U.S. – And consumers up to their eyeballs in debt doesn’t help either, according to Georgie. [Bloomberg]
• BofA to Select Emergency CEO – “Led by Bank of America Chairman Walter Massey, the committee plans to submit its choice to the full board for approval. Regulators will be asked to sign off on the choice, according to the person familiar with the matter, and then the plan will be shelved until needed.” [WSJ]
• Debt Plan Falls Short of Fixing CIT Lending – “CIT Group Inc.’s proposed debt-restructuring plan, even if successful, may do little to fix the company’s broken lending business…CIT’s ability to raise funds cheaply, a key requirement for any lender, remains limited by low credit ratings and restrictions imposed by a banking regulator.” [WSJ]
• Telecom boss quits in suicide row – “France Telecom’s second-in-command has resigned, after weeks of criticism over management’s handling of a spate of suicides by employees…Unions blame restructuring at the firm for some of the 24 suicides by company employees in the last 20 months.” [BBC]
• Auditing Standard 5: How Now, Brown Cow? – Homework, auditors. Read up. [RTA]
Preliminary Analytics | 08.24.09
• GM Said to Be Close to Agreement on Sale of Hummer to Chinese – Because that’s EXACTLY what China needs. [Bloomberg]
• IMF set to decide on Serbia loan – “The 800m euros instalment is dependent on the government making reforms to comply with IMF conditions set out when the original loan was agreed.” Oh, Serbia. Take that money and you’re doomed. [BBC]
• Humour is an act of aggression, claims German academic – This guy obviously saw Inglorious Basterds over the weekend. [Telegraph]
• Common Sense 2009 – Larry Flynt says we all strike. It’s not the worst idea we’ve ever heard. [Huffington Post]
• Senator Seeks Broad SEC Market Study – “In a zero-based regulatory review, each part of the current market structure would be reviewed comprehensively, as opposed to a traditional review of one particular type of market structure.” Which is what Senator Kaufman is requesting. Sure. Why not? [WSJ]
Preliminary Analytics | 12.17.09
• 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]