Goldman Regrets 'Market Euphoria' That Led to Crisis (Dealbook)
...claims Lloyd Blankfein in a letter to Barney Frank, Spencer Bachus and the rest of the House Financial Services Committee that begins, "as you know, Goldman Sachs is scheduled to repay [Wednesday] the government's $10 billion preferred investment in our firm through the TARP's Capital Purchase Program," rambles on about the lessons GS has apparently learned and closes thusly: "suck it, bitches, $100 million bonuses comin' at ya in 3...2...1..."
White House Details Financial Revamp Plan (WSJ)
Eighty-five pages of bathroom reading right here.
Morgan Stanley Offers Investors In Hedge Funds New Option (WSJ)
"The New York firm plans to announce as soon as Wednesday that hedge-fund clients will be allowed to hold part of their assets in Morgan Stanley Trust National Association, a trust company owned by Morgan Stanley. Previously, such assets were held in the firm's brokerage units."
Three Steps To Financial Reform, By George Soros (FT)
Step number one: Alan Greenspan must admit he fucked this bitch up bad. Real bad.
One Of You Should Shell Out The Cash For This (AWL)
John Delorean's Augusta National Golf Club green members jacket and golf bag tag to be auctioned at Christie's June 23.
Shareholder backlash at Barclays' £380m payout to fund managers (The Guardian)
"Speaking anonymously, one institutional shareholder with a £500m investment in Barclays said: "The BGI management incentive scheme-- Bob Diamond will get £22m, Blake Grossman around £55m-- is overly generous to staff, and to its senior executives most of all. You could argue that Barclays investors are being shortchanged."
Thumbs of Steel: Teen Wins $50,000 In Texting Tournament (NYP)
Your next revenue scheme.