• N.Y. Attorney General Details Bonuses At Bailed-Out Banks – Cue populist outrage [NPR]
• Subpoenas Issued to Goldman Sachs, JPMorgan, U.S. Senator Says – YES! Political theatre to ensue [Bloomberg]
• CNBC Viewership Down 28% – DB has some ideas on how to get a boost (maybe literally) [Zero Hedge]
• Exxon Reports Lowest Profit Since 2003 – “earnings of $3.95 billion” Meh. [WSJ]
• Glenfiddich 50-Year $16,000 Whisky Tempts Investors – Who loves scotch? [Bloomberg]
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Review Comments | 07.15.09
• US to unveil hedge fund legislation – “The Obama administration will on Wednesday unveil draft legislation that will require all US hedge funds with more than $30m in assets under management to register with the Securities and Exchange Commission.” You knew it was coming. [FT.com]
• Private Equity Industry Says It Poses No Systemic Risk – “The private equity industry’s main lobbying group said Wednesday it supported legislation that would require all firms of a certain size to register as investment advisers with the Securities and Exchange Commission, but urged lawmakers to avoid onerous regulations.” [DealBook]
• Fed Upgrades Economic Projections, but Expect Worse Unemployment – Minutes did not show the over/under of minutes it takes for Hank Paulson’s dismembering of all the members of the Oversight and Government Reform Committee hearing tomorrow. [WSJ]
Review Comments | 08.31.09
• Allen Stanford to undergo heart tests: lawyer – What lengths is this guy willing to go to in order to get released from prison? [Reuters]
• Disney Buys Marvel In $4B Deal – The trickiest thing we foresee is reconciling comics sex with Disney sex. [NPR]
• Least Informative Announcement – Citi isn’t too concerned with telling you what they sold, who they sold it to, for how much, or what they made or lost on the deal. They just thought they would do us all the courtesy of letting us know that something happened. [Floyd Norris/NYT]
• Women, Testosterone, and Finance – “If they discriminate based on testosterone levels, isn’t that the same thing as discriminating based on gender (obvious extreme examples aside…i.e. Vera de Milo types)??” [Accounting Nation]
• AIG’s New CEO Will Do Unspeakable Things To Andrew Cuomo. You Don’t Even Want To Know. [DB]
Review Comments | 09.28.09
• Last day for our poll on the Year Ahead and be sure to submit your captions for the Emmys.
• Allen Stanford Can Take A Punch – Probably a small disagreement over some Lucky Strikes. [DB]
• Ex-Enron Broadband Co-CEO Sentenced for Wire Fraud – Does this mean that Enron on the stage will have to do a re-write before coming to the States? [Bloomberg]
• Treasury Department to Examine ACORN’s Compliance With Tax Laws – Surely this isn’t as bad as it sounds. [TaxProf Blog]
• SEC Charges Detroit-Area Stock Broker Who Lured Elderly into $250 Million Ponzi Scheme – Fundamentally disrespecting the elderly. In Detroit no less. This is some special kind of Ponzi Scum. [SEC.gov]
• Axa chief attacks accounting rules switch – Says accounting rules are ‘too important to be left to accountants’. Right. Because insurance companies and governments have such kick ass track records on the subject. [FT]