- Pelosi spokesman on her being briefed in 2002 on CIA interrogation tactics: “The briefers described these techniques, said they were legal, but said that waterboarding had not been used.” But CIA documents “appear to conflict” with that line. [WSJ
- New York Fed chairman Steve Friedman resigned abruptly yesterday after his trades of Goldman Sachs stock were reported earlier this week. [NYT]
- Big numbers, then: Friedman and Bob Rubin created a stir in 1992, when the Journal disclosed that they both received more than $15 million in 1991 pay. [WSJ]
- Big numbers, now: banks need $75 billion more capital now, $600 billion under a “more adverse scenario.” [The Big Money]
- But AIG loss is smallest in six quarters! [WSJ]
- Receiver says financial crimes of Danny Pang, the mini-Madoff with the made-up MBA, Chinese government connections, staff Disney cruise and mysteriously assassinated wife “may rise to the level of theft.” [WSJ]
- Cuomo’s next big probe: those companies constantly harrassing you (or is that just us?) about their “debt settlement” services. [Marketwatch]
- Like this 22-year-old San Diego woman’s “cruel and sophisticated” loan modification scam? [Courthouse News Service]
- Credit default swaps on US government bonds have hit new post-crisis lows. [Zerohedge]
The Daily Muck
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May 8, 2009 5:51 a.m.
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