Geithner's New York Fed Told AIG to Limit Swaps Disclosure (Bloomberg)
Apparently there was some stuff TG preferred to keep on the DL: "AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008. The e-mails were obtained by Representative Darrell Issa, ranking member of the House Oversight and Government Reform Committee."
Dubai World says debt revamp plan "some time away" (Reuters)
A report in Alrroya newspaper quoted an unidentified banking source saying Dubai World would "answer its creditors electronically today (Thursday)." A spokeswoman responded, "The story is erroneous. We are some time away from presenting a restructuring plan," adding that the next step in the discussions between the debt-laden company and its creditors would be to agree to a standstill.
Wynn, Wife Split Casino Stock as Part of Divorce (AP)
Wynn transferred control of $741 million worth of his stock (more than 11 million shares) in Wynn Resorts Ltd. to his (ex) wife, Elaine, as part of a divorce settlement.
We Must Rehabilitate Risk: France's Lagarde (CNBC)
She also warned of two imbalances which were part of the reason the crisis was so deep: "the balance of payments imbalance and monetary imbalances."
LA Is Latest City To See Crime Drop (WSJ)
You can finally move to Compton now: "Los Angeles Mayor Antonio Villaraigosa announced Wednesday there had been 314 homicides in 2009 -- the lowest number of killings since 1967, when there were 281. In 2005, 489 people were killed in the city. Los Angeles also saw declines in rapes, robberies and assaults in 2009, compared with the previous year."
FDIC to Weigh In on Bank Pay Next Week (NYT)
Will SheBair make it rain?
GM's Whitacre Predicts 2010 Profit After Five Years of Losses (Bloomberg)
This is going to happen. He feels it, in his loins.
Top banks invited to Basel risk talks (FT)
Lloyd Blankfein and Jamie Dimon were invited but are not planning to attend.