- When Kohlberg Kravis & Roberts adopted some wayward Goldman Sachs proprietary traders orphaned by mean old Paul Volcker, it signaled that private equity isn’t the badass, gunslinging takeover business it used to be. It’s like Arnold Schwarzenegger going from Terminator to Kindergarten Cop. Kind of. [WSJ]
- Enormous private equity firm Blackstone is way psyched to invest in a bunch of hedge funds. [MarketWatch]
- Treasury Secretary Tim Geithner is trying to get the G-20 nations to set targets for their trade accounts in hopes of maybe avoiding World Currency War I. Canada and Australia are like, “Sign us up!” Japan, Germany and India are like, “Pass.” [Bloomberg]
- If you were waiting for the day when your credit card would have flashing lights and little buttons on it that would make paying for stuff a little more complicated, your wait is pretty much over. [NYT]
- Regulators are being more lenient with big banks who want to initiate share buybacks and dividend increases. [FT]
mtaylor [at] observer.com | @mbrookstaylor
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