• Galleon’s Rajaratnam Paid Tipster, Filing Says – Raj’s total haul is now $36 mil with the new allegations. [WSJ]
• Buffett Hits Kraft on Cadbury – You know it’s serious when the WB manages to avoid any metaphors that mention hookers, ED meds, or just copulation in general. [WSJ]
• Bad Tax Prep Is A Symptom, Not the Disease – “[C]racking down on those seasonal shysters who abuse the system is only attacking a symptom of the real disease, which is our insanely complex tax code.” [Tax Vox]
• The shortlist for worst takeover of the century – The Telegraph isn’t going to let Gerald Levin just claim this without throwing a few more options out there. [Telegraph]
• Global Financial Regulation Overhaul Seen In 2010 – Got show some results, it’s an election year and all. [Reuters via NYT]
• UBS whistleblower Bradley Birkenfeld deserves statue on Wall Street, not prison sentence – The man is a national treasure. [NYDN]
• Connecticut Sen. Christopher Dodd won’t seek reelection, will retire at end of term – New blood! [WaPo]
Related Posts
Preliminary Analytics | 10.30.09
• Goldman, CIT Reach Deal to Keep Smaller Credit Facility Open – Not as much as they wanted but we’re not talking about a company with a lot of options here. [Bloomberg]
• White House: Data Likely to Credit Stimulus for 650,000 Jobs – In what appears to be the debunking of the Associated Press’ debunking of the WH data, the administration is claiming that the stimulus has nearly created the 1 million jobs the bill promised. [WSJ]
• Wal-Mart starts selling coffins – The most modestly priced receptacle is $895. [BBC]
• Galleon fears raised in 2001 – A JP Morgan analyst thought something was fishy with Raj and his “cohorts” and recommend that the bank’s alternative asset management unit should “reduce their allocation” to the fund. Apparently a trophy may have been at stake. [FT]
• Stanford Receiver Hopes to Recoup $1.5 Billion – “Court-appointed receiver Ralph Janvey filed a report in federal court in Dallas late Wednesday outlining his plan to go after the $1.5 billion and provide allegedly defrauded Stanford investors a return of as much as 20 cents on the dollar.” [AP via NYT]
Preliminary Analytics | 11.05.09
• Back on Top, Yankees Add a 27th Title – Economic recovery is secure. Now who’s paying for the parade? [NYT]
• Senate approves jobless, housing aid – The crazies in the House are up next. [Reuters]
• When Will the S.E.C. Ever Admit They Made a Mistake? – Joe Nocera understands who were talking about, right? [Joe Nocera/NYT]
• A smooth IASB and an impairment change – “Corporate disclosures are about to get even longer if the International Accounting Standards Board gets its way.” [FT Alphaville]
• Sarbanes-Oxley Exemption Passes Congressional Committee – “[N]ot only exempt[s] small businesses (with less than $75 million market cap), but would require the SEC, together with the GAO, to conduct a study directed at reducing the burden of Sarbox 404b on companies with market cap between $75 million and $250 million.” [FEI Financial Reporting Blog]
Preliminary Analytics | 11.10.09
• Why Paper Receipts Won’t Die – Tax return preparers wouldn’t have any shoeboxes jammed with them dropped off on their desks anymore. It’s sad to imagine that. [Idea of the Day/NYT]
• FDIC’s 20% Shorter ‘Merit’ Reviews Preceded Banking Failures – “At least three U.S. banks failed in the past year after the Federal Deposit Insurance Corp. deemed them healthy enough to qualify for a program that reduced the time examiners spent on reviews by at least 20 percent.” [Bloomberg]
• Deal to Buy Sun Meets Opposition From EU Although, those pesky Europeans are a little more curious about Oracle dominating the database universe, it won’t necessarily put the kibosh on the deal. In other news, Larry Ellison likes boats. [WSJ]
• Bear Trial Jurors Ask for Evidence and Day Off – Doing your civic duty includes observing federal holidays. [DealBook]
• Madoff’s Crap Sold Off in “Garage Sale” Victims Benefit – Including a Mets jacket and post-it notes. [JDA]