Details Set To Remake Financial Regulations (WSJ)
“At the center of the plan, which administration officials are referring to as a “white paper,” is a move to remake powers of the Federal Reserve to oversee the biggest financial players, give the government the power to unwind and break up systemically important companies — much like the Federal Deposit Insurance Corp. does with failed banks — and create a new regulator for consumer-oriented financial products, according to people involved in the process.”
Awaiting a Rebound, Back With the Folks (NYT)
Depressing read of the morning: “My mother, who is in her 60s, has been so patient and supportive. She acts like she’s happy to have us, not like we’re crowding her or that she minds the dogs. We have learned what’s important since I’ve been living here.”
Bank of America beefs up its image with Merrill Lynch icon via $10 million print and online advertising campaign (FT)
When you think of Bank of America, please think less BAC, more MER.
A Virtual Bank With Real Woes (NYT)
Possibly of interest to those of you who are either from Iceland and/or huge nerds.
AIG vs. Hank Greenberg: A Battle Over Who’s More Deserving (Time)
In court today.
Payday For Bob Diamond (FT)
The Barclays president will personally make $26m (£16m) from the sale of Barclays Global Investors to BlackRock.
Teaser For Michael Moore’s “Save Our CEO’s.”
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
two thumbs down.
spare some change, bobby?
“When you think of Bank of America, please think less BAC, more MER.” and less of Lewis’s drinking problem.
That teaser was, completely objectively, totally unfunny.
@4- it was overdone satire that would’ve been amusing like two years ago.
fuck off, fat guy.
That NYT article is a terrible read. The guy couldn’t even pass for a mail man and I’m supposed to pity him?
@7, couldnt agree more
he is focused on a job that will put him back in a house so he isnt taking a $10/hour job…
Buddy, you got laid off in December of 2007. You should take a $5/hour job at this point. You were working for 15 years and got foreclosed on..that means you didnt save a dime and neither did your fiance. Good decision making.
I’m a left-wing liberal and I can’t stand Michael Moore. Fat F*ck.
All you GOP loving right wingers, it’s Monday morning…go man your glory holes.
@7- you can do whatever you want. a normal human reaction might be, even if you don’t agree with his choice, empathy.
MM movie will blow.
How does BAC have $10 mm to spend on advertising?
@12- the taxpayer.
@12- your pocket (presuming you’re in the US).
@12- The 5 cent refund Ken gets on his Boone’s bottles adds up.
15 > 13 & 14
So instead of looking like the bank that bought the massive losses at MER they want to look like the firm that tricked the firm that bought MER into going through with the deal (with the help of HP and BB of course)? That’s probably the better way to go.
i have an idea for a movie too. this is the opening shot.
..MM’s head on a stick, outside the NYSE. an ugly one-legged pigeon lands on his gnarly skull and shits all over it.
-zoom out-
-people in suits walking by, without even noticing the ugly fat head on the stick, although its starts to attract flies-
Deep voice: “this is wall street bitches, there is money to be made”
Fade in soundtrack: “mo money mo problems – notorious big and puffy
@17
Shut up doofus.
@18
you would make a great “very junior banker that gets pissed on by his MD”, you’ll be on screen for ~3 seconds, all you have to do is look scared, which you’re probably good at.
http://www.suntimes.com/news/1620776,CST-NWS-durbin13.article
“Possibly of interest to those of you who are either from Iceland and/or huge nerds.”
EP’s gone so you can stop kissing her ass and/or pandering to her love for thought experiments.
@21- why would dealbreaker kiss her ass? they’re the ones who put her on enforced vacation.
@22
There’s a rumor that EP got a real job in finance, but that’s too far fetched. At least she has night duty at ZH.
“This week American private client account-holders at Lloyds’s received letters informing them of an “important change in policy regarding clients who are resident, domiciled or linked to the United States by property or asset holdings”. They were told the bank had “no choice” but to “cease acting as your investment manager.”
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5526129/Lloyds-Bank-hit-by-Obama-tax-purge.html
@22
a) who else would find that kind of crap interesting?
b) which website gave her a lectern in the first place?
@25- are you saying that ep is the only nerd on earth? also, she’s not icelandic.
8 the fact that he and the fiancee have been working for 15 years and have no savings is the reason why the US economy was as good as it was for those past 15 years. The consumer driven economy, fueled by a consumer debt boom, started in the mid 80′s (another thing to thank Reagan for) and luckily there are some signs that people may now be wising up. It may get ugly in the mean time though.
@19
Look doofus. Just because you paid the New York Film Academy $$$ doesn’t mean you’ll ever work in the film industry.
You should have stuck with the the University of Phoenix super accelerated degree program in Business Inventory Management.
@28
that is a truly sad reply.
@26 Christ man. EP would compose Greek epics about banking fraud in an online libertarian world.
are you saying that someone else on this earth could rival her in that? also, work on getting the point.