Wall Street Goes to Washington
• Eight bank CEOs will appear in front of the House this morning to defend their use of billions in bailout money. Expect serious fireworks. [Reuters, BN, WSJ]
• Four top execs at Merrill Lynch took home $121 million in bonuses just before the firm was sold to Bank of America. [WSJ, BN, NYDN]
• More on the lukewarm…
British Banks Go Socialist
Click to viewTrading in bank shares could be suspended across the G7 nations tomorrow as the British government carries out plans to take a majority stake in the Royal Bank of Scotland and major holdings in another three of the country's largest banks.
10 videos from the Facebook-organized "cocktail party" on London's tube
A ban on drinking in London's subway system — the Tube, they call it — began on Sunday. On Saturday night, London's best drinkers gathered for a Circle Line Cocktail Party, also known as the Last Round on the Underground. Thousands attended, 17 were arrested, two police officers were assaulted and Mark Zuckerberg made…
