Opening Bell: 08.06.2009

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Judge Halts Payout On BAC Settlement (NYT)
Judge Jed Rakoff has refused to approve the payouts because he believes they may be unfair to the public. As it's all government money, I tend to agree.
Former Head Of Amex Frontrunner For AIG Chairman Role (FT)
"Mr Golub, who joined AIG's board in June, has the edge over other candidates, including ­Dennis Dammerman, the former General Electric executive who is also a director of the government-controlled insurer, people close to the situation said"
Related, it looks like the breakup of the former giant is going to generate somewhere in the neighborhood of $1B in fees across sectors.
Murdoch Pulls The Plug On Free Shit (BBC)
The news mogul Rupert Murdoch has decided to pull the plug on the free shit as News Corp sees a $3.4B loss.
NYT Offers Up Statistics As A Career Path (NYT)
Tired of getting laid? Have a penchant for hating yourself and others? Then statistics might just be for you, and it turns out people need the poor bastards to do it.
Schapiro Pushes For Self-Funding (FT)
"The US Securities and Exchange Commission should fund itself directly from industry fees, a system that would allow it to tackle more complex investigations and invest more in technology and skilled people, Mary Schapiro, its chairman, told the Financial Times."

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