FTAlphaville points out that Deutsche Bank has issued a warning that quantitative easing in the UK will fail: In our view, the rescue package is a step in the right direction. However, the time window for the Bank of England to implement its QE could be restricted. Indeed, unlike the US, QE is announced in [...]
Entries from January 27th, 2009
Kids, It’s Okay. Just Don’t Use The Two-Ply, It’s Expensive
January 26th, 2009 · 4 Comments · madoff
Bernie Madoff’s Palm Beach mansion has fallen victim to pissed-off teen trusties: Some teenage boys called The Palm Beach Post newsroom Sunday evening to take credit for the prank – one they said was sanctioned by their parents. They said they were acting in retaliation after they lost their trust funds to the accused swindler. [...]
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A Dassault Falcon 7X In Every Pot
January 26th, 2009 · 9 Comments · all ur bankz
Congratulations, folks! You – yes, YOU, if you are an American reader – you are now the proud owner of a Dassault Falcon 7X. Check out these specs: The French-made luxury jet seats up to 12 in a plush interior with leather seats, sofas and a customizable entertainment center, according to Dassault’s sales literature. It [...]
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An Apology to John Thain
January 26th, 2009 · 4 Comments · all ur bankz, fail
Really, we’ve all been a little too harsh on John Thain. Sure, he used TARP money for a remodel of his office that cost more than four average American homes (and it turns out his “commode on legs” is a small chest of drawers that you do not poop in), and he has a deathly [...]
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Thain Forks Over For The Commode
January 26th, 2009 · 4 Comments · breaking news
That rug – it really tied the room together, and John Thain can’t get it off his mind. From CNBC breaking: Ousted-at-Merrill John Thain released a memo this morning saying all Merrill’s losses can be traced back to his predecessor, that selling the company before it collapses was downright savvy CEO action and that he’s [...]
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