John Mack Proposes Single Global Regulator (Bloomberg)
“A better system would be one uber-regulator,” Mack said in an interview in New York with Bloomberg TV. “We do need an overall systemic-risk management that everyone buys into. It’s not a U.S. systemic boundary — it’s a global systemic risk manager.”
CIT Said To Weigh Financing From Citigroup, Barclays (Bloomberg)
Diamond and Pandit to Liz Peek‘s rescue?
CIT In Last Ditch Rescue Bid (WSJ)
Dick Fuld always wins: “If CIT does file, it would be the fifth-largest bankruptcy filing, by assets, in U.S. history, trailing only Lehman Brothers Holdings Inc., Washington Mutual Inc., WorldCom Inc. and General Motors Corp.”
FDIC Fund To Be In The Red For Years (WSJ)
At least ’til 2012.
Ex-Moody’s Employee Warned SEC About Muni Issues (AP)
Scott McCleskey, who was a senior vice president for compliance at Moody’s until he left a year ago, wrote a letter to an official at the SEC alleging a ”lack of meaningful surveillance of municipal securities, contrary to statements by Moody’s to the public and to Congress,” but no one thought much of it.
Hedge Funds Find Sweet Spot (NYP)
Sugar. They’re lovin’ it.
Microsoft CEO Takes Paycut After Rough Year (Reuters)
Steve Ballmer, CEO since 2000 earned a total of $1,276,627 for fiscal year 2009, which ended June 30, according to a filing with securities regulators on Tuesday, down 5.5 percent from the previous fiscal year’s total of $1,350,834. Say what you want about executive pay anything that puts less of this in our lives is not a good thing.
that nutjob never gets old
hedge funds love sugar? I could’ve told you that years ago.
-sc
In america…first you get da sugar…den you get da money…den you get da women…
@3 then you die in a hail of bullets fired by your women….
yeah – a global regulator … that’ll work
i’d be curious to know what peanut gallery here thinks of the roman polanski deal?
@6 The Swiss are fucking pussies. Maybe this was part of the UBS/IRS tax avoidance deal. I guess fugitives from US justice won’t be passing through Zurich in future.
So basically John Mack is the front for the New World Order. One World. One Government. Sweet.
@6 dont do the crime if you cant do the time.
Dude already admitted he did it, then fled because he was worried he might do some hard time. Maybe next time think about that before you offer a teenager quaaludes and anal sex.
NS
It’s funny to hear people defend him – kind of like Ted Kennedy syndrome, only a much worse crime.
Whoopie: It wasn’t rape rape
Oh really? Like murder victims aren’t “dead dead”??
@SBII no shit. This should have been over 25 or so years ago so the victim can move on. Imagine having to relieve this whole thing anytime that fucktards name gets mentioned.
@11 so you watch The View?
@10 – That’s interesting. So rape is worse than Vehicular Homicide in the First Degree?
I have cleared my calendar and would be happy to serve as the Lead Regulator circa January.
J Mack
PS – Suck it LB, you are going to fucking squirm you bastard.
Bumper sticker I once saw in the parking lot of a Bob Evans while driving through West Virginia: “Ted Kennedy’s car has killed more people than my gun”
Roman Polanski is NOT a friend of mine.
-CG
http://www.youtube.com/watch?v=ZIk4qTKmKzE
13- there’s a link to whoopie on tar
Naked — Victim long ago said she forgave him and that he shouldn’t be prosecuted.
Just asking?
What balding manic CNBC commentator told subscribers to his subscribers yesterday afternoon that in regards to Citi and CIT, “I would buy them both.”
Erin looks like crap this AM.
13 is 91 in dog years. Just sayin’…
-DK
@21 Uhh… Charles Manson??? er no wait Jimmy Cramerrrrr.
Mack and Morgan Stanley have been desperately fighting to have a single regulator for years. They even got the Financial Services Forum to get some of their congressional whores to try to pass a bill that would neuter the State Attorney Generals. Bitches wouldn’t take bribes because they wanted to be things like Governors and crap like that.
They own the SEC through Schumer, and Obama through their pet Rhamster (who didn’t even wait to get sworn into congress before sticking his hand out for a MS political fundraiser.
FBI should be all over these slime (if they weren’t held back by Schumer!).
I wish to apologize again for the condition of Erin this morning. Sometimes I forget my own length.
@14
drugging and raping a child is about the worse thing I can think of – certainly more so than vehicular manslaughter, particularly if the victim in the latter knowingly agreed to have sex with a kennedy
@ 22
too much of that stuff called s3x.perhaps new bf.