• Regulators Call for Tougher Policies at Hearing – Sheila Bair and Mary Schapiro got their turn today to make pledges, promises, etc. [WSJ]
• Are You Gonna Make My Day? The Auditors And SEC Enforcement – Didn’t you hear? They’re on this. [Re: The Auditors]
• Geithner to testify on AIG – Don’t make plans on January 27th. [Reuters]
• Bernanke Fights to Keep Bank Powers in Senate Letter – Beard to Chris Dodd: Just retire already so I don’t have to listen to your crap anymore. [Bloomberg]
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Review Comments | 09.14.09
- Caleb Newquist
- September 15, 2009
• On Wall St., Obama Pushes Stricter Finance Rules – Nothing like getting lectured in your own bank yard. [NYT]
• Judge Rejects SEC-BofA Settlement Over Merrill – “The AG’s office has also questioned whether Bank of America failed to tell shareholders about its consideration of backing out of the deal and mounting write-downs at one of Merrill’s mortgage lending subsidiaries.” He might be calling Ken Lewis a liar, we’re not sure. [NPR]
• Tax evaders rush to beat amnesty deadline – September 23rd bitches. Repent! [Reuters]
• Update: Do NOT Bid On Lenny Dykstra’s Balls – Fans of Nails, proceed cautiously. [DB]
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Review Comments | 08.10.09
- Caleb Newquist
- August 11, 2009
• Bank of America Will Pay $55 Million to Settle Claims – In other news, Angelo Mozilo still appears that he has, at least partially, descended from Oompa Loompas [Bloomberg]
• U.S. recession seen ending in third quarter – Hold your breath in 3…2…1…[Reuters]
• Huron Shareholders Sue over Accounting Scandal – Yes, P. Dubya is named. [Web CPA]
• Swiss Cabinet Discusses UBS’s Legal Woes – It’s pretty clear that IRS is just going to nag the living crap out of the Swiss Government until they give the Service all the bloody names. [WSJ]
• OMG I HATE MY JOB!! Facebook bitching about work will get you insta-fired. – Best to stick to the trite statements about your weekend plans, hating Mondays, how nice/crappy the weather is, etc. [Adland]
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Review Comments | 07.27.09
- Caleb Newquist
- July 28, 2009
• U.S. Rep. Frank sees finance reform by year-end – Weekend pool parties with friends will remain fluid until the end of summer [Reuters]
• Loans Shrink as Fear Lingers – “The total amount of loans held by 15 large U.S. banks shrank by 2.8% in the second quarter, and more than half of the loan volume in April and May came from refinancing mortgages and renewing credit to businesses, not new loans, an analysis by The Wall Street Journal shows.” [WSJ]
• N.F.L. Grants Vick an Opening – Unfortunately for Vick, he’ll remain completely unmarketable for endorsement purposes [NYT]
• U.S. Economy: New-Home Sales Up 11%, Most Since 2000 [Bloomberg]
• SEC to Limit ‘Naked’ Short-Selling – “The Securities and Exchange Commission issued new rules to govern short selling, promising investors new information about the volume and velocity of negative bets placed against companies but dropping a requirement that hedge funds disclose details of short positions to regulators.” [WSJ]
&bull U.S. Said to Focus on UBS Banker Visits to Clients [DealBook]