Counterparties

By Nick Rizzo
September 7, 2011

Despite the launch today of Counterparties.com — which you really should check out, if you haven’t already — we’ll continue doing a (near) daily Counterparties post here. This will consist of some of the links from Counterparties.com, organized into paragraphs and themes, plus perhaps a few unique to this blog. Or perhaps we’ll do something different; we’re still experimenting. What do you think we should do?

The CEO of Deutsche Bank has said that market conditions remind him of late 2008. Meanwhile, Heidi Moore reports that banks — including Deutsche Bank — could lose up to $60 billion in the FHFA lawsuit. Congressman Brad Miller is pleased with this lawsuit; considerably more so than the hecklers who crashed his supposedly press-only conference call.

Mother Jones has secret audio recording of a recent Koch brothers fundraising meeting, where they allege Charles Koch compared President Obama to Saddam Hussein. Not so fast, argues Ben Smith: Koch was perhaps quoting Saddam when he referred to “the mother of all wars.” (Of course, Hussein actually said “the mother of all battles.”) Michael Arrington is now also preparing for the mother of all battles, declaring his intention to control both TechCrunch and his new venture capital fund with a bellicosely-illustrated blog post.

In friendlier news, Jack Shafer, formerly of Slate, will be joining Reuters, where he gets “to be Public Editor to the universe.” Meanwhile, Shafer’s platonic work spouse Tim Noah is heading to The New Republic.

The Swiss National Bank is determined to prevent their massively-appreciating currency from getting any more expensive.

Ever wanted to know more about the Carlyle Group, the private equity firm (with an emphasis on the “private”) targeted by Michael Moore? Here’s their IPO filing.

And today wasn’t a great day for women at the tops of large corporations. Sallie Krawcheck, Bank of America’s head of global wealth and investment management and one of the most powerful women in the finance industry, is out of a job. So is Yahoo CEO Carol Bartz, who emailed every Yahoo employee to inform them she’d just been fired by phone. The WSJ tweeted that Yahoo stock was up more than 6% in after-hours trading on the news, while rapper Snoop Dogg tweeted his willingness to be the new Yahoo CEO.

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