• Stanford Enters Plea; Bail Is Set at $500,000 [New York Times]
• After Madoff: Are We Safer? The question should be “Are people any smarter?” because….[Business Week]
• This happened: Pang Took $83 Million From Firm, Filings Say. So we’d be inclined to say that people might be safe but their money sure as hell isn’t. [WSJ]
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Scoping | 07.30.09
• Moore’s ‘Capitalism: a Love Story’ to Debut in Venice – We thought it might debut at 85 Broad but whatevs. [Bloomberg]
• In downturn, robots laid off – Statistics also show that robot suicides and chemical dependency is up. [Miami Herald]
• Madoff gives feeder fund managers’ names to lawyer – Something about spending 150 years in prison makes a man want to talk. [Reuters]
• Cablevision to spin off Madison Square assets: report – In other news, Penn Station will remain a toilet. [Reuters]
• Air Canada Gets Bailout From Ottawa – “Air Canada has secured a 1 billion Canadian dollar ($922 million) lifeline with help from the federal government, giving the carrier a crucial infusion of cash to help it survive the recession and avoid another trip through bankruptcy protection, The Globe and Mail reported.” It’s the North American way. [DealBook]
Half-Assed, Half-Baked, Better-Late-Than-Never Predictions For Accounting In 2022
Hello. Yes, long time no speak. Since there’s been a global pandemic going on, I’ve […]
Scoping | 07.06.09
•GM bankruptcy plan gains approval – Because anything less might get you a meeting with the President. [BBC]
•A Goldman trading scandal? – “On July 4, Aleynikov was processed on a ‘theft of trade secrets’ charge in a criminal complaint that was filed in federal court in Manhattan. As of this afternoon, he was still being held in federal custody pending posting of bail.” Someone is messing with GS? This aggression will not stand, obv. [Matthew Goldstein/Reuters]
•Stanford Funneled Millions Under Florida’s Nose – “But to pull it off, he needed unprecedented help from the state of Florida, which would have to grant him the right to move vast amounts of money offshore, without reporting a penny to regulators. He got it.” Because if any state was going to be good for a little shady dealing with a Texas billionaire of questionable means, it would be F-L-A. [DealBook/NYT]