The Round-Up: Thursday

Since the industry invested so heavily with him, Madoff’s downfall may bring a number of real estate heavyweights with him. [NY Times]

A protester at the M.T.A.’s board meeting is dragged out of the room for allegedly attempting to throw his shoe at agency chief Elliot Sander. [NY Times]

City Council is expected to approve a budget later today that will raise property and hotel taxes, though Bloomberg promises not to withhold the $400 property tax rebates or cancel police cadet training classes. [NY Times]

The Little Room—a highly-regarded Brooklyn pre-school for students with speech disabilities—to remain open through August 2010. [NY Times]

Wall Street’s massive bonuses may have led to its downfall. [NY Times]

Bedford-Stuyvesant Volunteer Ambulance Corps waiting patiently for the demolition of a crumbling building along Greene Avenue so they can move their new double trailer into the lot next door. [NYDN]

Queens officials complain they’ve been largely overlooked when it comes to the number of rat inspections and exterminators assigned to the borough. [NYDN]

City Islanders turn out in force to protest FDNY’s proposed closing of a local ladder company during night hours. [NYDN]

Clubs spring up for jobless New Yorkers. [NYDN]

Tracking the Bowery’s sudden gentrification. [NY Post]

Gimme Shelter: Frances Bean Cobain checking out a $6.5 million Mercer Street pad; James Gandolfini interested in the Fairchild—a new Tribeca development featuring 3,500-square-foot triplexes; film producer Vittorio Cecchi Gori looking for a buyer for his gutted Trump penthouse. [NY Post]

New Yorkers respond to Paterson’s proposed tax hikes. [NY Post]

Even with two million jobs eliminated this year, new surveys show companies are considering even more layoffs in 2009. [WSJ]

New York-based commercial finance firm CIT moving toward becoming a bank holding company. [Crain’s]

The Round-Up: Thursday