• 26 Jan 2010 at 9:30 AM

Opening Bell: 01.26.10

By Yaël Bizouati

AIG Payout To Partners Probed (WSJ)
Mr. Barofsky said he is reviewing the Federal Reserve’s cooperation with his office. Issues raised in recent weeks “call into question whether the government has been and is being as transparent as possible with the American people,” he said in prepared remarks for a Wednesday hearing before the House Committee on Oversight and Government Reform.
Spherix Partners Will Pay $2.1 Million to Settle SEC Lawsuit (Bloomberg)
Ali Far and Choo Beng Lee have pleaded guilty and agreed the settlement amount “represents the total trading profits and losses avoided as a result of the securities law violations” alleged in the SEC’s civil complaint.
AIG Wants Pledges on Retention Cuts by Tuesday (Reuters)
Employees must let Benmosche know today whether or not they’ll accept a smaller bonus in exchange for getting it sooner.
Bernanke Is Gaining Supporters (NYT)
Dianne Feinstein, Max Baucus, Joe Lieberman all what a piece of that.
Davos Too Big to Fail as Bankers Recoil in Political Backlash (Bloomberg)
“There will be a lot of bowing and scraping before the central bankers, treasury secretaries and regulators,” said Niall Ferguson. “They kept the show on the road, and we have to acknowledge the state matters much more these days.”
Still Needed: A Sheriff of Finance (NYT)
Sayeth Andrew Ross Sorkin and George Soros. Who wants to wear a badge and carry a gun?
A Modest Proposal for the Fed (WSJ)
Terms limits for chairmen.

Comments (12)

  1. 1
    Posted by guest | January 26, 2010 at 5:30 AM

    Ill take an AIG bonus.

  2. 2
    Posted by guest | January 26, 2010 at 5:35 AM

    mmmm…probes….mmmm.
    -PJ

  3. 3
    Posted by guest | January 26, 2010 at 5:48 AM

    No UBS news? How come?

  4. 4
    Posted by guest | January 26, 2010 at 5:55 AM

    Spherix Partners pay $2.1 million? Let me get this straight. I commit insider trading and net $2.1 million. If I don't get caught then I can keep the money BUT if I do get caught I only need to give it back? WTF???? Crime clearly does pay!
    Maybe we should let them keep $500 million as a performance fee while we're at it. Can't the SEC hire one person who isn't a total dimwit?

  5. 5
    Posted by guest | January 26, 2010 at 6:00 AM

    @5 And what about firms like GS settling for 60mil and admitting no wrongdoing?
    Yep, the entire regulatory apparatus is too broke/scared/over-matched/under-qualified.

  6. 6
    Posted by guest | January 26, 2010 at 6:02 AM

    And now GS will be able to spend billions via campaign finance to promote their gold scroted, blood sucking vampire squid ways.
    ~Swift Boater

  7. 7
    Posted by guest | January 26, 2010 at 6:02 AM

    Hey guys, its sunny in NYC today!!

  8. 8
    Posted by BunnyOfDoom | January 26, 2010 at 6:07 AM

    @3/4 – I'll bite: Because UBS sucks!
    - not the UBS sucks guy.

  9. 9
    Posted by guest | January 26, 2010 at 6:13 AM

    @ 8 = not Stevie Wonder

  10. 10
    Posted by DJ LIBOR | January 26, 2010 at 6:34 AM

    Does anyone else think Sarah Eisen on Bloomberg is a smokeshow?

  11. 11
    Posted by guest | January 26, 2010 at 6:36 AM

    @2/PJ another WSJ headline you may like from today,
    "Chairman of GM Taps CEO: Himself."
    What a smut factory.

  12. 12
    Posted by guest | January 26, 2010 at 9:48 AM

    No UBS news? How come?

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