Thursday, May 17, 2012
Accidentally Released - and Incredibly Embarrassing - Documents Show How Goldman et al Engaged in 'Naked Short Selling' | Matt Taibbi | Rolling Stone - It doesn’t happen often, but sometimes God smiles on us. Last week, he smiled on investigative reporters everywhere, when the lawyers for Goldman, Sachs slipped on one whopper of a legal banana peel, inadvertently delivering some of the bank’s darker secrets into the hands of the public. The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time – primarily with the retail giant Overstock.com, but also with Rolling Stone, the Economist, Bloomberg, and the New York Times. The banks have been fighting us to keep sealed certain documents that surfaced in the discovery process of an ultimately unsuccessful lawsuit filed by Overstock against the banks.
A Father's Example Guides Tebow - NYTimes.com - Seth Mydans - “I truly believe that the God who loves me also looks at orphans as extremely special,” Tim Tebow writes in his autobiography, “Through My Eyes,” written with Nathan Whitaker. “Over and over, my parents showed us how the Bible talks about taking care of widows and orphans.” Tim Tebow was born in the distant capital, Manila, in 1987 and lived there until he was 3 years old. Since the age of 15 he has made a number of visits back and has now established the Tim Tebow Foundation. In addition to its evangelical work in the United States, his foundation has plans to build a 30-bed children’s hospital in Mindanao’s largest city, Davao.
Dancing With Derivatives - NYTimes.com - Maureen Dowd - Jamie Dimon calls it “a doozy.” And it was. A $2 billion credit derivatives trading bungle that could mushroom to a $4 billion loss. The shining industry agitator against some of the tougher regulations on banks has suddenly become the shining example of why still tougher regulations may be needed.
Wednesday, May 16, 2012
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