•New GM to Be ‘Fully Launched’ This Month, Rattner Says – “A new company containing General Motors Corp.’s top assets is expected to be ‘fully launched’ by month’s end under a new board and majority ownership of the U.S. and Canadian governments, President Barack Obama’s top auto adviser said Monday.” [WSJ]
•California Downgraded By Fitch – This could be the beginning of something bad…Moody’s, your move. [Clusterstock]
•Tribune Said to Finalize Deal to Sell Cubs – The new era of losing begins. [DealBook/NYT]
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Review Comments | 08.21.09
• Geithner: U.S. Dealings With Goldman Were Appropriate – “We have been forced to do just extraordinary things and, frankly, offensive things to help save the economy,” Mr. Geithner said. “I am completely confident that none of those decisions…had anything to do with the specific interest of any individual firm, much less Goldman Sachs.” We’re done here. [WSJ]
• Informant in UBS Case Gets 40 Months in Prison – That was worth it. [DealBook]
• Humble pie for bust billionaire – He called Russians not in the bil-club ‘losers’. Classy. [BBC]
• Meredith Whitney Predicts More Than 300 Bank Failures – Meh. [Bloomberg]
Review Comments | 10.19.09
• Billionaire investor Carl Icahn offers CIT Group $6B lifeline as it faces potential collapse – What the hell, go for it. [Chicago Tribune]
• Build It With Tax Incentives, and Hollywood Will Come – Lots of coverage on the Iowa film tax credit mess at Tax Update Blog. [WSJ]
• IRS Employees Took Unauthorized First-Class Flights – Can you blame them? [Web CPA]
• Colleagues Finger Billionaire – No matter how you read that, it’s not good for Raj. [WSJ]
• KPMG hires new local managing partner – You don’t say? [Washington Business Journal]
Review Comments | 08.17.09
• Facebook’s Evil, Genius Plan to Own Your Life – Was there ever any doubt that this was the plan? [The Atlantic]
• Three Indicted in Major Hacking Case – “Three men were indicted Monday on federal charges of conspiring to hack into computer networks of major U.S. retail and financial organizations and stealing data related to more than 130 million credit and debit cards.” [WSJ]
• Sordid Penn Station Needs Overhaul for $9 Billion Tunnel Link –For the love of all that is good and holy why not use $9 billion get the human feces out of there? [Bloomberg]
• A.I.G. to Pay New Chief Executive $7 Million a Year – Seven million times more than the last one. Appears reasonable. [DealBook]
• Federal Prosecutors May Let Andy And Mark Madoff Enjoy Labor Day Weekend – Because it’ll be your last! [Dealbreaker]