Frontrunning: October 29

• Sticking to the tar baby that is AIG (Bloomberg)
• Reversal of Fortune for AIG? Fingerprint evidence on insulin bottles appears to have smudged. (WSJ)
• Shocked, shocked to learn that zombies don't lend (NY Times)...
• ...perhaps the addition of 535 new board members may explain the lethargy? (WSJ)
• Paul Volker: AWOL? (FP Magazine)
• Contrary indicators? Burger King, Nintendo Miss, Procter and Gamble Surprises
• Data point: cash for clunkers steals volume outside of US too (Reuters)
• Blue Horseshoe Xavier Rolet loves dark pools (Bloomberg)
• The tragedy of the reluctant dictator (WSJ)

Comments

[Careless Whisper]

Front run this too:

Candidate for NY Attorney General bought and paid for by Wall Street?:

http://www.nytimes.com/2009/10/29/business/29dinallo.html?_r=1&hpw

(Madoff) Judge Richard Sullivan: gov't. is clueless!

http://www.nypost.com/p/news/local/manhattan/bernie_buddy_beaned_2DiQon7Pd7YG4MtGqL1CpN

Just for fun because I love her; 44 costumes of Lady Gaga:

http://www.nydailynews.com/lifestyle/fashion/galleries/lady_gaga_the_ultimate_costumer/lady_gaga_the_ultimate_costumer.html

What happened to Sergey? Free Sergey.

[spanish inquisition]

The Obama administration's pay czar told lawmakers Wednesday he doesn't want to expand his authority beyond the seven firms he now oversees, resisting entreaties from some lawmakers to more broadly rein in Wall Street pay.

"Regulate GS and JPM? No way, Ive pissed off enough bankers as it is and already am as nervous as a British nuclear scientist in an open stairwell"

[Rainman]

These late October articles on the banksters give me the zombie creeps. When the mainstream financial media ( WSJ and Bloom ) begin to throw more hand grenades , it's a signal. A Barofsky tell-all on the AIG TARP scam is unlikely given the ObamaNation Recovery Fantasy Plan. But if it DOES HAPPEN, most of the related schemes will unravel very quickly.

[JET55118]

I just loved the reversal of fortune reference. Nice job. 

[McGriffen]

As probably noted before, it appears Volcker is crowded out in the current phalanx of econ advisors bending ears in the WH (Goolsbee, Summers, Bernstein).  All the same it's good he's still in play, even a limited capacity.

otherwise, that FP column is quite lame

[glenlloyd]

When Summers is in the room there's hardly space for anyone else.

[McGriffen]

It is encouraging to see J. Weil chime in on the chorus of boos encompassing AIG/CDS settlement(s).  At the least his columns have carried a sense of knowing what the hell he writes (banks, finance, accounting gimmicks).

[Miles Kendig]

Jonathan Weil screams Screen Some Rot at the government, AIG, GS, JPM, SocGen, The New York Fed, The Federal Reserve Board, The Treasury Department and to all of us.

I join Mr. Weil in thinking it is high time the process of Too Many Secrets be laid to rest.  Indeed it is time for all of us to scream Screen Some Rot!