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Scoping | 07.01.09

Posted on by Caleb Newquist

A Forecast With Hope Built In – Hope has got nothing on reality [New York Times]
Justice Department demands UBS client names – “Swiss bank UBS AG ”systematically and deliberately” violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in evading taxes and must be forced to reveal the identities of 52,000 of those clients, the Justice Department said in a court filing in Miami Tuesday.” [AP via Miami Herald]

ADP Estimates U.S. Companies Cut Payrolls by 473,000 – Estimates ahead of tomorrow’s number keep us under 10% unemployment! Cross your fingers! [Bloomberg]

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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 | 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]