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After yesterday's bungled swearing in ceremony, Obama was sworn in repeatedly in the privacy of the White House today at 7:35 pm due to a misplaced adverb. At yesterday’s inauguration ceremony Roberts misstated the oath as “execute the office of president of the United States faithfully” and Obama followed suit.

After yesterday's bungled swearing in ceremony, Obama was sworn in repeatedly in the privacy of the White House today at 7:35 pm due to a misplaced adverb. At yesterday’s inauguration ceremony Roberts misstated the oath as “execute the office of president of the United States faithfully” and Obama followed suit.

In what will likely be tomorrow's #1 scandal on CNBC, FT reports that Merrill had decided to pay bonuses in December ahead of their usual payout time in February, and just three days before the merger with Bank of America closed.

In what will likely be tomorrow's #1 scandal on CNBC, FT reports that Merrill had decided to pay bonuses in December ahead of their usual payout time in February, and just three days before the merger with Bank of America closed.

Most interestingly among the negative covenants listed:

• Creating liens on any properties
• Incur additional debt prior to March 2010, if pro forma leverage is higher than 2.75x
• Engage in sale/leaseback transactions, with up to $225 million carveout for NYT HQ building
• Merge or consolidate with other assets
• Transfer or sell assets, with any sales over $10 million have to be used to pay down debt

There is also a 101% change of control put.

As investment banking is now dead and sell side research is even more useless than it ever was, people are stumped over how and where to get their investing ideas.

As investment banking is now dead and sell side research is even more useless than it ever was, people are stumped over how and where to get their investing ideas.

A hedge fund run by a former bail bondsman? He had a swimming pool in his office? $45 million hedge fund?

Sigh. Read all about Rod Cameron Stringer,43, and RCS Capital.

In a move geared to stop the daily drainage of its currency reserve, Russia is considering "dirty-floating" the ruble. While we are not sure what dirty floating is, but sure like the sound of it, we assume the impact on the ruble will be to send it plummeting.

In a move geared to stop the daily drainage of its currency reserve, Russia is considering "dirty-floating" the ruble. While we are not sure what dirty floating is, but sure like the sound of it, we assume the impact on the ruble will be to send it plummeting.

Investors with $300 million burning a hole in their pocket will be able to pick up the triple hook rated piece of media paper at a 14.5-14.75% yield. We say no way jose.

Well, can't say we didnt see it coming. Portugal was downgraded with impunity by S&P from AA- to A+ on the belief that "the government's structural reform measures relating to the economy and public finances have proven insufficient to bring about convergence with the 'AA' peer group." And what a high quality peer group it is.