Courtesy of Tyler Durden
- Bond-fund fraud suits leaves auditor speechless: PwC joins the E&Y in the incompetent lineup (Bloomberg)
- Goldman director in probe: prosecutors examine trades by Galleon in bank’s shares as investigation widens (WSJ)
- The rumors were spot on: Chinese economy grows 11.9%, highlighting threat of overheating (Bloomberg, Reuters)
- New Basel restrictions blasted by banks who thing 100x leverage is perfectly acceptable, anything less and the “client” will suffer (Bloomberg)
- More bad news out of PIIG land: Greece may cancel bond issue – “Athens now hopes to raise “up to $1 billion to $4 billion,” compared with $5 billion $10 billion previously.” (WSJ)
- We need a Blankfein amendment (DealBook)
- Behavioral economics—the governing theory of Obama’s nanny state (The Weekly Standard)
- Leaders mull EU support tool, markets turn on Greece (Reuters)
- William Cohan – The man who cost Merrill shareholders $50 billion (Fortune)
- Talking down expectations of a rate hike (Brusuelas)
- The United States it the new Europe (RCM)
- The whistleblower they ignored (The Nation)