•U.S. House May Include Surtax on Wealthy in Health-Care Package – In this particular case, wealthy means greater than $200k [Bloomberg]
•Obama Adviser Says U.S. Should Mull Second Stimulus – Because you knew it was coming [Bloomberg via Clusterstock]
•NOT THE BAIR MINIMUM – She Bair might be playing in somebody else’s sandbox [New York Post]
Related Posts
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]
Scoping | 07.24.09
• Warren Buffett to Teach Kids About Finance in New Web Cartoon [Bloomberg]
• U.K. GDP Shrinks More Than Expected – “Hopes that the U.K. economy was on the road to recovery after a severe recession received a major blow Friday with official data showing output contracted far more than expected in the second quarter.” [WSJ]
• After Buffett Rebuff, CIT Eyes a Breakup – “Conglomerates Berkshire Hathaway Inc. and Leucadia National Corp. made a bid to buy parts of CIT Group Inc. but were rebuffed by CIT, according to people familiar with the matter, because the price was too low.” [WSJ]
• The Man Who Sank New Jersey [Forbes]
Scoping | 07.16.09
• JPMorgan Earnings Soar as It Finds Profit in Slump – “Even as it weathers the worst economic downturn in decades, JPMorgan Chase on Thursday announced a $2.7 billion second-quarter profit from stellar trading and investment banking results.” BO-NUS! BO-NUS! BO-NUS! [New York Times]
• U.S. Regulators to BofA: Obey or Else – “Bank of America Corp. is operating under a secret regulatory sanction that requires it to overhaul its board and address perceived problems with risk and liquidity management, according to people familiar with the situation.” Obviously the FDIC’s idea of double-secret probation. [WSJ]
• Citi close to secret deal with regulator – Wow! What a co-inky-dink! Citi is on double-secret probation too! [FT.com]