Street Talk: Senate Will Vote Tonight
♦ The Senate is expected to vote this evening on a revised version of the bailout bill. [NYT, WSJ, Bloomberg]
♦ Treasury Secretary Henry Paulson has spent the past day and a half working over lawmakers and lobbyists, trying to change minds. [Bloomberg]
♦ President Bush has signed into law a low-interest loan package for American automakers. [WSJ]
♦ UBS plans to cut 1,900 investment banking jobs. [Bloomberg]
♦ Wells Fargo chair Richard Kovacevich says "he feels like a kid in a candy store." At least someone is feeling good. [DB]
♦ The financial crisis that started in the U.S. now appears to have spread abroad. [NYT]
♦ Former AIG CEO Hank Greenberg has asked for a chance to bid on any assets that the insurance giant plans to sell. [WSJ]
♦ Sovereign Bancorp, the largest remaining U.S. savings and loan, has a new CEO. [Reuters]
♦ Hedge funds are doing what they can to keep investors happy. They're even lowering fees. [WSJ]
♦ The mood isn't too cheery in finance-heavy Greenwich, not surprisingly. [NYP]
♦ "Fear, uncertainty and gloom" dominate the commercial real estate market in NYC, although some plan to take advantage of the bargains. [NYT]