Archive - Jun 28, 2009

Tyler Durden's picture

FOIAing The Fed: The AIG Bankruptcy Negotiations





Marshall Huebner is a person Zero Hedge has great respect and admiration for. The Davis Polk lawyer, in addition to having an impressive work ethic with many successful bankruptcies under his belt (Delta's 2007 emergence being a case in point: in fact, he will likely be making a repeat appearance there quite soon now that Goldman has envisioned another ramp to $200/barrel of crude), volunteers 13 hours every Sunday night as an Emergency Medical Technician - a noble dedication to his community. Marshall's dedication however is not only to his immediate community, but to American taxpayers in general: a little known fact is that Davis Polk is the official yet still formally unannounced legal advisor for the Federal Reserve.

 

Tyler Durden's picture

Weekend Reading





  • Breaking news: Military coup in Honduras, President Manuel Zelaya deposed (Sky News)
  • Louis Gerstner criticizes choice of Steve Rattner for auto task force czar (Bloomberg)
  • Plunge in Dubai biggest property developer Emaar leads to index collapse (Bloomberg)
  • Porsche rejects Volkswagen ultimatum, hope you loaded up on CDS (Marketwatch)
  • GM to cover future product-liability claims (WSJ) [Yet the Supreme Court had no qualms overruling an objection in the Chrysler sale based on just this issue.]
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