Indicted Bear Stearns Hedge-Fund Manager’s Business Card Raking In Cash on eBay

You can call Matthew Tannin, but he probably won'tanswer.Photo: eBay FINANCE• Most of City Council is backing a plan that would require hedge-fund and private-equity-fund partners to pay a city tax on income generated by investments. [NYS]• The SEC and the Federal Reserve are finalizing a plan to start reworking how Wall Street should be regulated. [NYT]• Citigroup is getting ready to lay off 10 percent of its bankers and traders. At least they're in good company: Even unflappable Goldman Sachs is getting ready to lay off 10 percent of its M&A staff. [FT via DealBook/NYT, DealBook/NYT]• Someone is selling a business card belonging to Matthew Tannin, one of the Bear Stearns hedge-fund managers arrested last week for fraud, on eBay. Currently, the price is up to $20.50. [eBay via DealBreaker]MEDIA • Tom Brokaw will moderate Meet the Press through the November presidential election. [Politico] • Many New York Times readers feel Maureen Dowd's relentless gender-laden assault on Hillary Clinton — in 28 of 44 columns since January 1 — crossed a line. [NYT] • Tim Russert's Wikipedia page broke the news that the Meet the Press host had died. Now the person who updated the page has been fired. [NYT] LAW • Nearly three dozen former federal prosecutors are backing a congressional bill intended to safeguard confidential communications between lawyers and their clients. The bill would make it illegal for prosecutors and other federal enforcement officials to demand that a company under investigation disclose confidential legal communications or risk being indicted. [DealBook/NYT] • The Clash's "I Fought the Law" and Warren Zevon's "Lawyers, Guns, and Money" are favorite songs among lawyers. [Above the Law] • Comedian George Carlin, who died yesterday, was the inspiration for FCC v. Pacifica, the 1978 case in which the Court decided that FCC sanctions could be invoked against a radio broadcast of words dealin
Picture: Indicted Bear Stearns Hedge-Fund Manager’s Business Card Raking In Cash on eBay Published: 2008-06-23
Provider: New York Magazine