U.S. seeks delay on calculating Madoff restitution – Sentencing will not be delayed. Whew! We're not sure if we can wait much longer for victims' statements [Reuters via DealBook] Sorry America, We Still Have No Clue What To Do About 'Too Big To Fail' – Newspeak phrase of the day: "Tier 1 Financial Holding Companies" [Clusterstock] All together now: 'F is for failure' – Hey, it's all around. Somebody's got to talk about it. [FT Alphaville]
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Scoping | 07.23.09
• Obama Approval 49% Among U.S. Investors, 87% Overseas – “President Barack Obama has rock- star appeal among the investing class — except in his own country.” [Bloomberg]
• Investment Bank Helps Boost Credit Suisse’s Net Income – Reigning in on the company wide Shake Shack outings is probably helpful too. [WSJ]
• One-time gain boosts Ford results – Don’t call it a comeback [BBC]
• Manure means money to handlers gathered in Iowa – Sometimes there’s money in shit [AP via Miami Herald]
• Bardem Turns Down Role in ‘Wall Street’ Sequel – “The actor Javier Bardem has turned down a role in the sequel to Oliver Stone’s seminal 1980s treatise on greed, “Wall Street.” Mr. Bardem, who won an Oscar in 2008 for his performance in “No Country for Old Men,” was to have played the world’s villain du jour: a hedge fund manager.” [DealBook]
Scoping | 06.30.09
Waiting for Madoff, Angry Crowd Is Disappointed – Apparently, everyone was hoping for a lynching in Union Square. 150 years is so unsatisfying. [New York Times]
Madoff Faces Harsher Imprisonment Than Corporate Predecessors [Bloomberg]
Deficit forces California to issue IOUs – Still as good as cash, right? [FT.com]
UBS Selling Park Ave. Stake [New York Post]
Scoping | 06.24.09
Antigua fires finance regulator – Not exactly the most surprising news of the day. [BBC]
Cuomo’s Money Manager Received Funds Linked to Pension Scandal – “EnTrust Capital Inc., a hedge fund firm that’s handled New York Attorney General Andrew Cuomo’s personal and campaign money, received state pension funds to invest from a company he has identified as paying possible illegal kickbacks.” Um, awkward. [Bloomberg]
Missing Governor Was in Argentina – Getting some South American tail no doubt. Deadbeat Dad. [WSJ]