the news abounds
Gavin MacDonald, Morgan Stanley M&A Head, Dies at 47 . . . http://blogs.wsj.com/deals/2008/12/07/gavin-macdonald-morgan-stanley-ma-head-dies/ I thought being broke was bad, Gavin MacDonald was ten years younger than me . . .
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According to the WSJ Marc Dreier was arrested late Sunday night, presumably upon his arrival back in New York, on charges stemming from a $100 million fraud against various hedge funds.
that is in addition to:
"The SEC Suit: The SEC also filed suit against Dreier on Monday, alleging that he has been marketing and selling fake promissory notes to investors. Click here for the SEC’s complaint.
"The Wachovia Suit: Wachovia Bank sued Dreier LLP and Marc Dreier (in addition to a handful of others) today, alleging that a credit revolver and term loan extended to the firm are in default, as of November 1, upon which the bank is owed some $12.7 million.." .
(Read the whole sordid story here: http://blogs.wsj.com/law/2008/12/08/doj-files-criminal-complaint-against-marc-dreier-others-sue/)
AND . . he, Dreier, was arrested in Toronto on the 8th for ". . . allegedly impersonating another person to complete a business transaction. http://blogs.wsj.com/law/2008/12/08/in-wake-of-founders-arrest-dreier-llp-on-brink/
I'm guessing his horoscope is bad for the whole year . . .
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Gov. Rod Blagojevich of Illinois has been arrested on charges related to the selection of the replacement for the Senate seat being vacated by Barack Obama.
http://www.nytimes.com/?emc=na
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And the good news? Merrill Lynch CEO John Thain wants a $10 million bonus this year. According to the WSJ, The board of directors is leaning more towards “zero.” http://online.wsj.com/article/SB122870455251587405.html?mod=googlenews_wsj
