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247wallst.com - 3/5/2009
Leaving Merrill’s Banker Alone To Enjoy Their Money
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Andrew Cuomo spends most of his time running for the governor’s job in New York State. In his spare time he acts as Attorney General and will investigate and prosecute anything he can get his hands on. People who made a lot of money on Wall St. are a perfect target. It plays to the ...
baselinescenario.com - 2/26/2009
No, Wait! You Got It Backwards!
— baselinescenario.com — There is nothing inherently wrong with convertible preferred stock. In Silicon Valley, for example, venture capitalists almost... always invest by buying convertible preferred. The idea is that in the case of a bad outcome, the VCs are protected, because their shares have priority over the common ... (more) No, Wait! You Got It Backwards!

Comments vote down jamesykwak jamesykwak posted 2/26/2009posted this
reuters.com - 2/27/2009
Top N.Y. legal officer demands bonus list from BofA CEO
— reuters.com — NEW YORK (Reuters) - New York's top legal officer on Thursday demanded Bank of America Corp Chief... Executive Kenneth Lewis provide names of Merrill Lynch executives who received 2008 bonuses, and how much they got, before the bank's takeover of the ... (more) Top N.Y. legal officer demands bonus list from BofA ...

Comments vote down FT Alphaville found this 2/27/2009found this
nytimes.com - 3/12/2009
Cuomo Says Merrill Deceived Congress on Bonuses
— nytimes.com — Andrew M. Cuomo , the attorney general of New York, claimed on Wednesday that Merrill Lynch misled... Congress over the timing of its plans to award billions of dollars in bonuses last December. He also suggested that Bank of America , which was then in ... (more) Cuomo Says Merrill Deceived Congress on Bonuses

Comments vote down The Mess That Greenspan Made found this 3/12/2009found this
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York University Wimps Out and Distorts the Situation — EclectEcon
Yesterday, after months of labour unrest and after attacks on Jewish students, the president of York University made a speech to the university senate . In part, the speech said, [A]t a time when our community should be pulling together, we turn on each other instead — academic ...