Morning Roundup: Probes for the Holidays

wallstreet29 34 Morning Roundup: Probes for the Holidays

  • The Feds are wrapping up a three-year project aimed at cracking down on insider trading. Some of the biggest names in finance (Goldman Sachs, SAC, Janus) are being bandied about, as are the following phrases: Criminal and civil; three-year investigation; bankers; hedge funds; analysts. This should be a lot of fun to watch. [WSJ]
  • Ireland has accepted a $100 billion – plus bailout. Greece has also been rescued; will Portugal and Spain be next? [NYT]
  • The Federal Reserve should continue to pursue a goal of low unemployment, says Treasury Secretary Tim Geithner. Some Republicans had been saying that maybe the Fed should just stick to fighting inflation. [AP]
  • Economists are not super excited about the economy’s prospects in 2011; they expect the unemployment rate to drop to a still-discouraging 9.2 percent. [Bloomberg]
  • When Bank of America and PNC sold shares of asset-management behemoth BlackRock, Mexican billionaire Carlos Slim and Norway’s central bank were lining up to buy. [FT]

mtaylor [at] observer.com | @mbrookstaylor