• Dubai World fails to seal deal on debt talks – Even though DW is insisiting that the talks have been “constructive.” [Times Online]
• Marijuana-Reeking Tour Bus, Red Ferrari Are FDIC’s Crisis Booty – Not to mention ashtrays with dead cigarette butts. These guys will take everything. [Bloomberg]
• FBI Probes Hack at Citibank – The bank deee-nies that there was a breach so you have the less than desirable option of believing the B or the C. [WSJ]
• World Series Champs Pay Hefty Luxury Tax – Tax Girl is not a Yankee fan. [Tax Girl]
• U.K. Backs Merger of Ticketmaster and Live Nation – Somehow the Brits came to this conclusion: ‘[T]he merger will not result in a substantial lessening of competition in the market for live music ticket retailing or in any other market.’ [NYT]
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Preliminary Analytics | 09.22.09
• For Rent: Chief Financial Officer – “B2B CFO Partners LLC, a Phoenix, Ariz., firm that has over 100 CFOs-for-rent, charges at least $300 to $400 per month for the service.” And essentially function as super heros/therapists. [WSJ]
• Bank of America to Pay for Merrill Backstop, Faces SEC Trial – We’re pretty excited to see how the SEC manages to screw the pooch on this one. [Bloomberg]
• What the SEC Might Look Like If It Did Its Job: Susan Antilla – McNulty? [Bloomberg]
• F.D.I.C. May Borrow Funds From Banks – Is the magic money printing machine over at the Fed broken? [NYT]
Preliminary Analytics | 12.24.09
• Bear Stearns Staff Parties On as Surviving Banks Scrap Soirees – That’s the spirit! You can still party even though you didn’t get bonuses! [Bloomberg]
• Senate Passes Sweeping Health-Care Bill – Santa? [WSJ]
• Grant Thornton LLP elects one new member to partnership board [Press Release]
• Dimon, Blankfein, Mack Among First to Testify at Crisis Panel – Set your DVRs now! [Bloomberg]
• The Impact of the Tiger Woods Scandal on His Charities [TaxProf Blog]
• Buffett’s back – A non-Tiger Woods story from the Post. [NYP]
• The Newlywed Game, Year-end Tax Planning Edition! – “Love is a many-splendored thing, but love is even better when it saves taxes. Your marital status at year-end is your filing status for the entire year, so maybe you want to run down to the courthouse and tie the knot before the ball drops before midnight January 1, local time. Sure, call me a hopeless romantic. The Tax Update just rolls that way.” [Tax Update Blog]
• Disliking Your In-Laws – Annnnnd this is where the tax planning will get you. [Motherlode/NYT]
Preliminary Analytics | 08.31.09
• Frank Said to Back Broader Fed Audits – “In an interview Friday, Mr. Paul said Mr. Frank agreed to allow a vote on the bill and to work on language that would allow the Government Accountability Office, the investigative arm of Congress, to audit the Fed’s monetary-policy operations.” [WSJ]
• Fed makes $14bn profit on crisis loans – In case anyone needed another reason to audit the Fed. [FT]
• Big Firms Are Quick to Collect, Slow to Pay – “As credit markets remain tight and banks rein in lending, corporations are being forced to squeeze more cash from their day-to-day operations at a time when revenues are slowing and the economy remains weak. ” [WSJ]
• The Savings Rate Has Recovered…if You Ignore the Bottom 99% – Dubious government stats? The horror. [Naked Capitalism]
• Raft of Deals for Failed Banks Puts U.S. on Hook for Billions – “The agency’s total exposure is about six times the amount remaining in its fund that guarantees consumers’ deposits, exposing taxpayers to a big, new risk.” She Bair, rebuttal? [WSJ]