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Welcome to the Party, Life Insurers

Welcome to the Party, Life Insurers Related Blogs Antiviral Art The Best Restaurant in New York Blackbag Defamer Disputations Documents Dodgeandburn Dog Domesticity Drugs Fine Vining Fortress America FrenchGawker Weird Internet Interviews Justice Morning After PhaseZero Politburo Rankings Gawker Review of Books Sausage Slowgawker Sony Hack One Man's Take The Cuck Themachines The Vane The West tktk True Stories Valleywag Welcome to the Party, Life Insurers 48 cityfile 04/08/09 05:38AM Filed to: bailout bailout Bank of America Blackstone Carlyle Group Citigroup Dick Parsons Finance Gm Hedge Funds Jim Cramer john thain KKR meredith whitney Merrill Lynch Nouriel roubini Wall Street Cityfile • The Treasury is expected to announce in the next few days that it will be extending bailout funds to a handful of life insurance companies. [ WSJ] • Brian Moynihan, who took over Merrill Lynch after John Thain was ousted, is emerging as a potential successor to Bank of America chief Ken Lewis. [ WSJ] • Not that Lewis necessarily needs to be replaced, at least according to Meredith Whitney, who (bizarrely) says Lewis has "done a great job." [ BN] • Blackstone, KKR, and Carlyle are in the running to acquire the mobile phone operations that Verizon Wireless is selling now that it's acquired Alltel. [ BN] • Looks like Jim Cramer has a new enemy. Nouriel Roubini is calling the CNBC star "a buffoon," and Cramer has since responded in kind, of course. [ NYP] • Yesterday GM was making headlines for its snazzy new golf cart. Today it's back to the usual: the company is supposedly speeding up preparations for a possible bankruptcy filing. [ BN] • U.S. securities regulators will meet today to consider reinstating the "uptick rule" that permits short sales. [ Reuters] • Just 50 IPOs came to market during the first quarter of 2009. [ DB] • Those "stress tests" on banks? They're a sham and don't work, according to a number of people who ought to know. [ NYP] • Hedge funds rose an average of 1.8 percent in March. [ DB] • New Citigroup chair Dick Parsons says he's sick and tired of bankers being "vilified" in the press. So stop it, will ya? [ Crains] Terms of Service Privacy Policy