Thursday, July 9, 2009

Scoping | 07.09.09

  • Opponents of GM sale face noon deadline - "Those opposing General Motors' plan to sell the bulk of itself to a new government-controlled company face a noon deadline to file appeals and find a way to get the sale halted." After that the opponents will be deemed unpatriotic speculators and the plan will move along without further incident. [AP via Miami Herald]
  • White House Ponders Bernanke's Future - New blood (read: Larry "Sleeping Beauty" Summers) or keep on keepin' on with the Beard? There are other contenders too but that's boring. [WSJ]
  • AIG May Have Zero Value After Rescue, Citigroup Says - “'Our valuation includes a 70 percent chance that the equity at AIG is zero,' said Joshua Shanker, an analyst at Citigroup, in a note to investors late yesterday cutting his price target on the New York-based insurer by more than half." So what you're saying is that there is 30% chance that equity is not zero? Some might just take that action. [Bloomberg]
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