Merrill’s Ex-Chief Is Back, Atop CIT (WSJ)
Thain will be paid a $500,000 salary and receive restricted shares that, if available for sale today, would have a value of $5.5 million. No word on a discretionary fund for redecorating purposes.
A Park Avenue Battle (NYP)
Hedge fund manager Ross Haberman is suing his building’s board, arguing that he shouldn’t have the rent raised on his $380/month duplex at 737 Park.

Ex-Fed chairman Alan Greenspan says he’s ‘very concerned’ over fall in stock markets (Telegraph)
He told NBC’s ‘Meet the Press’ over the weekend that “it’s important to remember that equity values, stock prices, are not just paper profits. They actually have a profoundly important impact on economic activity.”
Testy Conflict With Goldman Helped Push A.I.G. to Edge (NYT)
Lucas van Praag: “We requested the collateral we were entitled to under the terms of our agreements,” he said in a written statement, “and the idea that A.I.G. collapsed because of our marks is ridiculous.”
Geithner Defends US Bond Rating (WSJ)
TG on Sunday said the U.S. wasn’t in danger of losing its triple-A bond rating, in the wake of a warning from Moody’s Investors Services about U.S. treasury-bond rating. “Absolutely not,” Mr. Geithner said in an interview with ABC News’s “This Week” when asked about the prospect of the U.S. losing its top rating. “That will never happen to this country.”
World’s Tallest Tower Lookout Suddenly Shut Down (AP)
The Dubai skyscraper’s owner Emaar Properties blamed the closure on “unexpected high traffic,” but then added in a brief statement to The Associated Press Monday that “technical issues with the power supply” were being addressed.

Dimon receives $10m shares (FT)
Jamie Dimon on Thursday received shares worth about $10m after exercising 10-year-old stock options, just days before he was due to be granted a 2009 pay package estimated at $15m-$20m. People close to the situation said that Mr Dimon had no intention of selling the 250,000-plus JPMorgan shares received on Thursday after exercising his options. The stock was worth about $9.6m at Thursday’s closing price.
Lehman Was Bank of America Acquisition Target, Not Merrill, E-Mails Show (Bloomberg)
“It’s the way we approved acquisitions that ticks me off the most!!!” director Chad Gifford later wrote in an e-mail about the last-minute switch, according to a securities-fraud complaint Cuomo filed today in New York against the bank, former Chief Executive Officer Kenneth Lewis and ex-Chief Financial Officer Joe Price over their handling of the Merrill deal.
Fund Manager Led Investigators to Galleon Informant (DealBook)
The fund manager, Mark E. Lenowitz, who has been cooperating with investigators, was sentenced to three years of probation, including six months home detention, by Judge Sidney H. Stein of Federal District Court in Manhattan.
Dodd Denounces Pace of Banking Overhaul (NYT)
“The fact is, I am frustrated, and so are the American people,” Mr. Dodd said, adding that few of the rules of Wall Street had changed, nearly two years after the collapse of Bear Stearns at the inception of the financial crisis. Mr. Dodd said the White House was “on the right track” with its new ideas but warned of difficulty ahead. “The refusal of large financial firms to work constructively with Congress on this effort borders on insulting to the American people, who have lost so much in this crisis,” he said. He added that the financial services industry had sent “an army of lobbyists whose only mission is to kill the common-sense financial reforms the public demands.”
UBS to reorganize struggling US wealth management (Reuters)
The Swiss bank said today the recently appointed heads of its wealth management unit, Robert McCann and Robert Mulholland, had outlined broad plans for a restructuring and management reshuffle, in order to stop clients for running for the exits.
Top 2009 Forecasters Saw Bad Times (WSJ)
The two Morgan Stanley economists who beat 50 other forecasters in guessing how bad 2009 would be did it by predicting soaring unemployment–though even they didn’t see it hitting 10%–and a U.S. economy that would start sputtering back to life by the end of the year. All the survey economists, to some degree, were blindsided by the depth of the recession.
Does Size Matter (In The NFL)? (WSJ)

$$$ A major insider-trading investigation has led to unusual collateral damage on Wall Street. In October, Wall Street trader Danielle Chiesi was among several individuals arrested in a high-profile insider-trading case. One of her first calls from FBI offices was to her former fiance, William Bischoff, chief executive of FTN Equity Capital, a Wall Street research firm. What followed was a series of events that led to Mr. Bischoff being bounced from his CEO post amid an internal investigation of his activities, and his highly regarded research firm being shuttering this week. “They killed my business because of my relationship with Danielle,” Mr. Bischoff contends. FTN’s parent company said in a statement that FTN Equity was closed because it no longer was a “strategic fit.” On the day of Ms. Chiesi’s arrest, Mr. Bischoff says, he informed the compliance department of his firm’s parent, First Horizon, about his relationship with Ms. Chiesi, which had been intermitent since 2005. First Horizon, the Memphis, Tenn., banking parent, launched an internal investigation. Several years of emails, instant messages, trading records and personal tax returns were examined, he says.Within two weeks, a Wall Street blog item was posted discussing the fact that Mr. Bischoff, 50 years old, had previously been involved with Ms. Chiesi. [WSJ, DealBreaker (said mysterious, unnamed blog)]
$$$ Falcone makes a killing on new Credit Fund launch [CTNews]
$$$ Life after DoubleDown. [Folio]
$$$ Jim Chanos: “Greece is always said the country of my ancestors has long been a society of many chiefs and no Indians as someone once said. They’ve got some real problems that they don’t even want to fess up to themselves. Whether the EU does anything to help them out, I don’t know.” [CNBC]
$$$ Dear Greenlight Groupies: