Florida, Indiana, Georgia, even Idaho, ponzis seem to pop up in the strangest of places. Next up: Philadelphia, where Joseph Forte, 53, was charged by U.S.

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.

According to the SEC filing, Carlos is now the proud owner of 25,754,000 shares of Class A NYT stock, or 16.21% of the outstanding stock.

Bloomberg is reporting that last quarter investors withdrew $152 billion from hedge funds. While i have read about 10 different version of this number (anywhere from $100 to $300 billion) this is amazing considering that virtually every hedge funds has gated redemptions.

The Donald managed to convince his bondholders and senior lenders that he is worthy of yet another temporary reprieve, and announced a two week forbearance extension early today. At this point February 4 is the D-Day at which point the $53 million unpaid interest on the $1.25 billion 8.5% Notes due 2015 become fully due.

S&P, which lately seems to be paying its credit "analysts" at a rate of $1/word and has imposed a minimum quota of 10 downgrades a week, whacked LBO titan Freescale late on Friday with a downgrade of its corporate rating from B+ to B-, its secured loans from BB to B- and bonds from B- to CCC.

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.