Some stunning words from Former Federal Reserve Chairman Ben Bernanke. He told USA Today that more financial executives should be in jail for crimes leading to the financial crisis of 2008. He told the paper that he still thinks the bailout was the right call but regrets that more corrupt Wall Street bankers who helped bring on the crisis went to jail. Bernanke left the Fed more than a year ago but his memoir comes out today. Nelson Peltz’s Trian Fund is taking a $2.5 billion stake in General Electric (GE). The Wall Street Journal says the GE investment is the largest in Trian’s history, but unlike many of the fund’s more combative positions, this position is supportive of current management. Alphabet (GOOG, GOOGL) begins trading today on the NASDAQ. That is the umbrella company formed by Google executives to oversee all of its operations. The ISM Non-manufacturing index for September is released. Patriot Coal is back in bankruptcy court as it faces opposition from several fronts on its reorganization plan.
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