peHUB Second Opinion 5.12.10

Carried Interest Taxes: The Obama reckoning has come.
Related: KKR is afraid of interference from the gubmint.

Flash Crash: We just had a hearing yesterday; yet another panel is coming. This crash is the best thing to happen for bureaucracy since the Kremlin.

The Fed: Its superpowers remain intact; it will continue to oversee small banks.

SAP: It’s buying Sybase for $5.25 billion. Like so much in life, the deal is really about Oracle.

Contagion: Europe’s sovereign debt crisis is spooking the corporate bond market.

Morgan Stanley: What CDO probe?

Goldman Sachs (as played by Michael Lewis): Blame the other guy. “It’s always unnatural to hear the name of Goldman Sachs in the same sentence as Deutsche Bank, much less Merrill Lynch. We must put aside our revulsion.”

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