More Cuts, Blood on the Street, Blatant plagiarism

Lehman Cuts May Presage More Bloodletting MORE »
Commerzbank Close to Dresdner Deal FT
NYT on Lehman plagiarism. Lifted directly from Sanford Bernstein. More

Fidelity incentives from Goldman to peddle ARS?

Relationship is probed in connection with the discount broker's sales of auction-rate securities. All GS-Fido news

Dark Pool Checklist

Buyside traders don't know enough of what goes on within dark pools they use. Traders Mag link Related Nasdaq Plans to Pay for Dark Orders

The Fed, more on Rumors, Lehman

Fed Acted on Lehman Rumor, urged CS to keep ties 50% of LEH almost sold to Chinese or Koreans FTsecret talks

Goldman Hires Lobbyist

Experienced, influential and from DC, will work on/with foreign investors.
Article from The Hill »
Politico.com »

Street’s Woes, Year Later; Brokers Balk

Investment Dealer’s Digest looks at last 12 months.
“This is the worst I have ever seen,” former Salomon exec said. IDD has numbers: IPO volume and merger deals way down, and securitization deals at level not seen in over a decade.

ARS: Brokerages Balk as Banks Settle: JPM, Merrill, Citi, MS, UBS agreed. Fidelity and others? Boston Globe and WSJ links

FDIC Presses Bank Regulators To Be Warier WSJ : disagreement centers on the Camels rating

10 Exchanges Agree to Stronger Oversight

NYSE and FINRA more power for insider trading.
MORE »

Auction-Rate Blowback Continues: Wachovia buy back of billions sold to retail. Cuomo and Merrill Still At Odds Inquiry Turns to Discounters Schwab, Fido, TD

If Elected Pres. Rivals Differ (a Bit) on Financial Market Rules

Did It Help to Curb Short Sales? Naked Speculators? Rethinking Research ?

NYT Columnist writes about the temp. rule that made it harder to short some financials — may have helped raise prices and reduce volume. Rule expired Tuesday.

Reining in CDS market - Rising Priority for Regulators. NYT columnist writes, one positive of heightened regulatory interest is a push to make participants more scrupulous about assigning proper values to credit insurance stakes. Rude awakening for many players?

Rethinking Research on Wall St: Citi moving research out of Smith Barney. Chinese Walls from Spitzer settlement will still be in place and analysts will not be reporting to banking heads. Frank Quatrone weighs in.Breakingviews article for more

Fed shores up financial system, slashing short-term interest

HEARD ON THE STREET today Pressing the Street into tens of billions of dollars worth of Auction-Rate-Securities (ARS) settlements, NY Attorney General Cuomo now a financial-markets cop in ways not planned.