Morning Roundup: The Planetary Lender

  • The Securities and Exchange Commission and the major Wall Street banks are talking about maybe settling an investigation into the firms’ use of collateralized debt obligations, the complex investment instruments that played a key role in turning the economy into a smoldering rubble pile. [WSJ]
  • The Federal Reserve’s big data dump that started yesterday at noon shows just how many companies were hanging on for dear life as a result of the financial crisis. [NYT]
  • Many of the firms to receive aid were from overseas, which when you think about it kind of makes the Fed the lender of last resort — to the planet. [Bloomberg]
  • Pepsi is set to buy Russian food firm (and tennis-tournament homophone) Wimm-Bill-Dann for $3.8 billion. [BBC]
  • Apparently former White House budget director Peter Orszag and Citigroup are getting quite friendly with one another. [FT]

mtaylor [at] observer.com | @mbrookstaylor

Morning Roundup: The Planetary Lender