The Big Two?
By Kevin Connor  •  Apr 30, 2009 at 03:42 EST

With debtholder agreement unlikely, Chrysler expected to seek bankruptcy protection today. (NYT)

WHO warns first pandemic since 1968 is imminent. (Bloomberg)

Shareholders oust Lewis as chair of BofA through proxy vote at annual meeting. (NYT)

House and Senate approve $3.5 trillion Obama budget. (WSJ)

Justice, Breuer seek to eliminate crack/cocaine sentencing disparities. (WSJ)

Switcharoo
By Kevin Connor  •  Apr 29, 2009 at 05:12 EST

Specter switches parties, potentially giving Democrats 60 votes in Senate. (NYT)

Economy shrinks at higher-than-expected 6.1% pace in first quarter according to Commerce. (AP)

Pandit asked Geithner for special approval of bonuses for Citi‘s energy trading unit earlier this month. (AP)

Paulson‘s head of bank rescue prepares to leave, making way for Allison. (Reuters)

Sebelius confirmed for HHS post, completing cabinet. (WSJ)

Drastic measures
By Kevin Connor  •  Apr 28, 2009 at 05:32 EST

Under new GM plan, US to take majority stake in much smaller company. (FT)

100 protesters, including Representatives Edwards, Ellison, Lewis, McGovern, Woolsey arrested at Sudan demonstration. (WaPo)

Regulators tell BofA and Citi to increase capital reserves. (AP)

Deutsche Bank posts $1.6 billion profit in first quarter. (FT)

The derivatives that Buffett called “time bombs” deal major blow to his business. (Bloomberg)

Pig problems
By Kevin Connor  •  Apr 27, 2009 at 04:45 EST

Geithner‘s ties to captains of finance scrutinized by Times. (NYT)

Swine flu spurs Obama to declare public health emergency. (WSJ)

Fed study concludes ideal interest rate is -5%. (FT)

UAW reaches tentative agreement with Chrysler. (Reuters)

Thain claims bank lied about his role in Merrill bonuses. (WSJ)

Bernanke and Paulson: disclosure poses systemic risk
By Kevin Connor  •  Apr 23, 2009 at 05:03 EST

BofA chief testifies that Bernanke and Paulson told him to stay mum on Merrill deal. (WSJ)

Senate report: Rice and Cheney approved waterboarding in summer 2002. (CNN)

Frank puts brakes on Treasury-backed receivership legislation. (WSJ)

Pelosi had been informed of wiretap of Harman three years ago. (NYT)

Chu and Jackson offer support of Waxman-Markey climate and energy proposal, but stop short of endorsing. (NYT)

Torture report points to top
By Kevin Connor  •  Apr 22, 2009 at 05:22 EST

Rumsfeld approved harsh interrogation tactics used at Guantanamo and Abu Ghraib, according to Senate committee report to be released today. (NYT)

Rattner‘s Quadrangle employed son of Senator from New Mexico; state pension funds invested in the firm. (NYT)

Citigroup skips coffee and doughnuts, hires 50 security guards to handle angry investors at annual meeting.  (NYT)

Group of lawyers, led by former NY AG, call on Holder to review Alabama governor‘s conviction. (NYT)

Freddie Mac CFO found dead in apparent suicide. (FT)

NSA wiretap intrigue deepens
By Kevin Connor  •  Apr 21, 2009 at 04:50 EST

Pelosi donor used as leverage in AIPAC-Harman negotiation identified as Forbes 400 member Haim Saban. (NYT)

Bailout watchdog says Chrysler turned down government loan because of executive pay limits. (WaPo)

Lanny Breuer, Christine Varney, Tony West confirmed for Justice posts. (AP)

NYSE warns McClatchy that it may be delisted. (MarketWatch)

Citigroup annual meeting is today; FDIC has discussed possible replacements for Pandit in event of more aid. (FT)

Circular intelligence
By Kevin Connor  •  Apr 20, 2009 at 05:04 EST

NSA wiretap recorded Rep. Harman agreeing to quid pro quo with Israeli agent. (CQ Politics via TPM)

White House and Treasury officials now favoring stabilizing banks by converting loans to shares. (NYT)

Bank of America profits triple to $4.24 billion in first quarter. (Bloomberg)

Private equity firms Quadrangle Group, Carlyle Group – already under investigation for pay-to-play pension deals – hired indicted political adviser to help get pension business. (WSJ)

Volcker criticizes Fed‘s target inflation rate of 2% in Q & A with Kohn. (WSJ)

Too much listening
By Kevin Connor  •  Apr 16, 2009 at 04:34 EST

Domestic eavesdropping program at NSA exceeded limits set by Congress. (NYT)

Law firm to rake in record $55 million quarterly fee for Lehman bankruptcy. (WSJ)

JPMorgan becomes latest bank to beat expectations, announcing $2.1 billion in first quarter profits. (FT)

Foreclosures up 24% in first quarter; Donovan sees increasing foreclosures in coming months. (AP)

Texas governor says his state could secede. (HuffPost)

Ackman losing big, biding time on activist investments in Target. (Bloomberg)

Transparency for Wall Street?
By Kevin Connor  •  Apr 15, 2009 at 04:15 EST

Treasury planning to reveal data on conditions of big banks. (NYT)

FDIC backing for debt amounts to massive subsidy for Goldman Sachs, Bank of America, JP Morgan, and other banks. (NYT)

Obama leans toward maintaining secrecy of CIA interrogation tactics. (WSJ)

Harvard to cut Arts and Sciences budget by $220 million, or 19%. (Bloomberg)

The IRS is watching. (WaPo)