Preliminary Analytics | 10.15.09

Thumbnail image for Thumbnail image for allen_stanford_1110321c.jpgStanford lawyer complains over level of care in prison – Apparently its not too good, as Stan is looking a little gaunt these days, sayeth the FT. [FT]
Elk Grove Village man accused of stealing millions from investors in Ponzi scheme – “Authorities said that between Jan. 1, 2007, and Oct. 9, 2008, Carney duped investors by creating the false impression that he had cutting-edge software designed for buying and selling securities. According to one investor, Carney claimed the program received market information three minutes before other traders.” [Chicago Tribune]
Limbaugh Dropped From Bid to Buy Rams – You know who’s to blame dontcha? [NYT]
An Apartment Complex Teeters – “The sprawling Manhattan apartment complex known as Peter Cooper Village and Stuyvesant Town — acquired for $5.4 billion in 2006 by a venture of Tishman Speyer Properties and a unit of BlackRock Inc. — is running out of cash. As of the end of September, it had $33.7 million left of the $400 million in interest reserves set up to service its debt, according to the people familiar with the matter. At its current burn rate of about $16 million per month, the reserve could be depleted before the end of the year, the people said.” [WSJ]
Goldman Shows Strength While Citi Limps Along – Moving on to… [DealBook]
Capital One credit card defaults rise in September – “Credit card defaults usually track unemployment, which rose to a 26-year high of 9.8 percent in September. The jobless rate is expected to peak at more than 10 percent by year-end.” [Reuters]

Thumbnail image for Thumbnail image for allen_stanford_1110321c.jpgStanford lawyer complains over level of care in prison – Apparently its not too good, as Stan is looking a little gaunt these days, sayeth the FT. [FT]
Elk Grove Village man accused of stealing millions from investors in Ponzi scheme – “Authorities said that between Jan. 1, 2007, and Oct. 9, 2008, Carney duped investors by creating the false impression that he had cutting-edge software designed for buying and selling securities. According to one investor, Carney claimed the program received market information three minutes before other traders.” [Chicago Tribune]
Limbaugh Dropped From Bid to Buy Rams – You know who’s to blame dontcha? [NYT]
An Apartment Complex Teeters – “The sprawling Manhattan apartment complex known as Peter Cooper Village and Stuyvesant Town — acquired for $5.4 billion in 2006 by a venture of Tishman Speyer Properties and a unit of BlackRock Inc. — is running out of cash. As of the end of September, it had $33.7 million left of the $400 million in interest reserves set up to service its debt, according to the people familiar with the matter. At its current burn rate of about $16 million per month, the reserve could be depleted before the end of the year, the people said.” [WSJ]
Goldman Shows Strength While Citi Limps Along – Moving on to… [DealBook]
Capital One credit card defaults rise in September – “Credit card defaults usually track unemployment, which rose to a 26-year high of 9.8 percent in September. The jobless rate is expected to peak at more than 10 percent by year-end.” [Reuters]

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