Greg Larkin Was the Al Gore of the Subprime Mess

FINANCE
• Alan Greenspan was giddy when old buds Don Rumsfeld and Dick Cheney took over the White House. But it turned out they were bad boys and not his friends at all. Check out this and more in Greenspan’s new bio. [NYT]
• So basically everyone’s sitting around twiddling his thumbs today while waiting to see just how much the Fed cuts rates tomorrow. The market has already priced in a quarter-point cut, and the real speculation is whether they’ll cut a full half-point. [DealBreaker]
• Greg Larkin of obscure research firm Innovest was like the Al Gore of the subprime mess. [ NYP]

MEDIA
USA Today turns 25, is gently condescended to by New York Times elders. [NYT]
• The Dow Jones union reached a tentative agreement with management, including 3 percent annual salary hikes, but a rather steep cut in medical benefits. The sinister Murdoch didn’t meddle too much but consulted from afar. [NYT]
• Meanwhile, he sold $20.5 million worth of News Corp shares. [DealBook/NYT]

LAW
• Jeffrey Toobin, staff writer for The New Yorker and frequent talking head, is a quote machine. His new prediction: Obama will be the next Supreme Court Justice. [Law Blog/WSJ]
• Sullivan & Cromwell dropped two places in the Vault rankings of New York law firms for the first time since 2000. Could it all be due to Aaron Charney’s still outstanding sexual-harassment suit? [Above the Law]
• Simpson Thatcher may have the best law firm perk in town: special “lactation rooms” for new mothers returning to work. [Above the Law]

FASHION
• U.K. designer Christopher Kane's collection was stolen just a week before his show. Luckily, his staff managed to whip up oodles of spandex and neon just in time! [Fashion Week Daily]
• Marc Jacobs's collection wasn't the only thing that showed some skin. The designer bares his well-toned bum in the latest issue of Visionaire, the magazine for people like this. [WWD]
• H&M's love affair with Chloé continues. After ripping off both the models from an ad and a Phoebe Philo dress, the mass-market retailer had people seeing ghosts of Chloé past at the unveiling of H&M's new high-end line, COS. [Fashionista]