$$$ Fed’s Yellen Says Low Rates May Prompt Risk-Taking [Bloomberg]
$$$ Russian bank explains hiring of spy Anna Chapman [AP]
$$$ “Michelle Caruso-Cabrera..Should Run For Office” [BI]
$$$ Now Goldman Sachs Is Freezing Foreclosures [NetNet]
$$$ McRib Tests Limits Of Loyalty [WSJ]
Article courtesy of Dealbreaker
$$$ Private Island Still Up For Grabs [WSJ]
$$$ Some 3,000 Millionaires Claim Jobless Benefits [Bloomberg]
$$$ Elko, Nev., the City the Recession Forgot [ABC]
$$$ BofA Exec Admits She Didn’t Read Foreclosure Papers [AP]
$$$ Morgan Stanley-Smith Barney Brokerage Merger Hits Snags, Delays [NetNet]
Article courtesy of Dealbreaker
$$$ JPMorgan To Keep Highbridge, Dimon Says [MarketWatch]
$$$ Accused Ponzi Schemer Chimay Says Charges Were “Cooked Up” [WSJ]
$$$ Wall Street Banking on Republicans to Push Legislative Goals [Bloomberg]
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Article courtesy of Dealbreaker
Moreover, Mr. Pandit seems uncomfortable as the leader of one of the nation’s biggest banks. He shuns most interviews, and he is prone to overreact to criticism no matter the source, be it The Wall Street Journal or a minor blog. Reports suggest Mr. Pandit is behind Mr. Mayo’s ban, a charge Citigroup denies. [WSJ]
Article courtesy of Dealbreaker
$$$ Short-Sellers Take Long Vacation [WSJ]
$$$ Citigroup Will Meet With Mayo After Analyst Complains in Report [Bloomberg]
$$$ 12 Unconventional Ways To Save The Economy [NYO]
$$$ Tiger In The City [NYP]
Article courtesy of Dealbreaker
$$$ Blackstone Returns Fees in First Clawback Triggered at Firm [Blackstone]
$$$ Coco’s Drop Pressures A Big Wager [WSJ]
$$$ Thailand’s Vagina Tree Correctly Predicts Lottery Numbers [Nerve]
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Article courtesy of Dealbreaker
Back in February, the Wall Street Journal printed an article about a hedge fund “idea dinner,” more than insinuating that a bunch of representatives from Soros, SAC, Greenlight and Paulson and Co got together to enjoy a meal of food while scheming re: how they were going to take down the Euro. This was uncool for a few reasons, included by not limited to the fact that it’s unlikely the handful of managers assembled would even be capable of taking down the currency and the shoddy reporting that said they ate fish when in fact it was chicken (a tad undercooked, if you must know). Also, as a result of the story, the Justice Department’s antitrust division opened an investigation into possible violations of the Sherman Act.
This was fucked up because a) despite the suggestion nefariousness doing, no one did anything wrong and b) it scared much of the industry’s participants into not taking part in these gatherings, which they really looking forward to. They wouldn’t even be seen talking a little shop over fro-yo! But, short of releasing some “Oh no you di’int” letters directed at the Journal. Today, though, comes relief: the Justice Department has closed the investigation and no action will be taken against anyone there that night. Everyone is safe to nosh on whatever they want while discussing going about cornering the OTC Bulletin Board Market for Pet Life Insurance Companies.
Exclusive: U.S. ends probe of hedge fund “idea dinner” [Reuters]
Article courtesy of Dealbreaker
$$$ London bankers can dress for more than success [Dealbook]
$$$ GM files for landmark IPO to repay bailout money [Reuters]
$$$ Why success is so much harder for hedge funds now [cnbc]
$$$ AIG sets stage for first bond sale since bailout [WSJ]
Article courtesy of Dealbreaker
$$$ Falcone Close To Deal With Inmarsat [FINalternatives]
$$$ The New Ping-Pong Diplomacy [WSJ]
$$$ JetBlue Memo Questions Flight Attendant’s Motive [AP]
$$$ Manhattan Luxury Condos Try FHA Backing in Sales `Game Changer‘ [Bloomberg]
$$$ This is still happening:
Spotted on Park near Grand Central today.
Article courtesy of Dealbreaker