Tuesday, July 7, 2009

Review Comments | 07.07.09

  • Libya invested at least $500m with Stanford - Since U.S./Libya relations have just recently normalized in the last three years or so, Gaddafi probably isn't to keen on due diligence on American biz that involves certificates of deposit that pay 8% [FT.com]
  • IRS Suspends Penalty Collections Against Some Small Businesses - "The Internal Revenue Service said it will suspend through Sept. 30 efforts to collect penalties assessed against certain small business owners, after key lawmakers said the penalties were more punitive than Congress intended." [WSJ]
  • Wall Street hits 10-week low amid talk of new stimulus - "Socks [sic] fell to their lowest level in 10 weeks on Tuesday as talk of a second government stimulus plan heightened fears that the economy is not yet on the path to recovery and that the corporate earnings season starting this week will be weak." [Reuters]
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