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Friday, January 9, 2009

FT front page roundup

Barack Obama said that the American dream will kill you in your sleep if Congress doesn't pass his stimulus package.

Indian outsourcing firm Satyam, at the center of a $1 billion accounting scandal, is struggling for survival. The company will be downsized and everyone's job shipped to Swaziland.

A groundswell of support is building for Donald Kohn to replace incoming Treasury secretary Tim Geithner as chair of the New York Fed, which would be great if Kohn wanted to.

The Bank of England cut rates 50 basis points to 1.5%, and then Mervyn King wiped his ass with a pound in case anyone didn't get it.

And superdouche Bernard Madoff, who I'm sick of writing about, tried to transfer $150 million from his UK company to prop up his Ponzi thing a few weeks before he was caught because he's a douche and a penis with ears at the same time.

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