Archive for July, 2009:

Would You Rather Live In A Tent City Or A Ghost Town?

{ Posted on Jul 31 2009 by Moe Tkacik }
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Categories : All, Clusterstock
The GDP may be almost done shrinking, but let's not forget about the unfortunate folks missing out on the trickle-down effect of all those TARP bonuses. Take John Freitas, the leader of a Rhode Island tent city whose financial situation is ...Read More »

FGG’s Andres Piedrahita Says He’s The Biggest Madoff Victim

{ Posted on Jul 31 2009 by John Carney }
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Categories : All, Clusterstock
"We lost everything. We are one of the biggest victims." Those are the words of Walter Noel's son in law, Andres Piedrahita. Noel ran the Fairfield Greenwich Group, the hedge fund that funneled billions of dollars from outside investors into Bernie ...Read More »

Open thread July 31, 2009 (no GW)

{ Posted on Jul 31 2009 by Rdan }
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Categories : All, Angry Bear
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Free Money Runs Out, Congress Authorizes More

{ Posted on Jul 31 2009 by Michael Shedlock }
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Categories : Uncategorized
With $1 billion already wasted Lawmakers Vote on $2 Billion More to Replenish ‘Clunkers’ Program.The U.S. House opened debate on an emergency measure to add as much as $2 billion to the “cash for clunkers” program after a burst of ...Read More »

Andrew Cuomo’s Bonus Porn

{ Posted on Jul 31 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
Steven M. Davidoff, DealBook's "Deal Professor", has what we think is the best rejoinder to Andrew Cuomo's big report on TARP bank bonuses. Davidoff calls it bonus porn -- scintillating on a superficial level, but telling us absolutely nothing about the ...Read More »

Sheila Bair Not ‘Aspirational’ Enough To Appear In ‘Vogue’

{ Posted on Jul 31 2009 by Moe Tkacik }
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Categories : All, Clusterstock
Sheila Bair may be the most powerful woman in America right now, but the most powerful women's magazine is pretending not to notice her. A few weeks ago we heard the oral version of this story from Jezebel's Jenna Sauers about ...Read More »

Chris Dodd Has Cancer, No Plans To Quit Senate

{ Posted on Jul 31 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
Update: Dodd tells the Hartford Courant that he has early stage prostate cancer, that he feels healthy and that he doesn't intend to drop out of the 2010 race. Original post: Powerful Senator Chris Dodd will hold a news conference at ...Read More »

Wall Street Is About To Rename The Bonus

{ Posted on Jul 31 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
Andrew Cuomo has once again turned the bright glare on Wall Street bonuses, giving everyone a fresh chance to jeer and offer their ideas about how compensation will be reformed. But the obsession with bonuses is a big distraction whichever side ...Read More »

Are They Allowed To Write That

{ Posted on Jul 31 2009 by Robert }
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Categories : All, Angry Bear
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UBS To Turn Over Names Of Thousands Of Tax Evaders

{ Posted on Jul 31 2009 by Moe Tkacik }
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Categories : All, Clusterstock
Well this is "rich," so to speak. UBS has reached a preliminary settlement with the IRS in the massive tax evasion investigation, with an agreement to turn over "thousands" of names of its US clients, according to the Wall Street Journal. Whether ...Read More »
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