From the deal to bring Merrill back from the brink to the bank stress tests, are we finally figuring out that “the system” has its own best interests in mind? This morning, WSJ not only posts the video above, but also ran another article on the Merrill Lynch/Bank of America deal, calling it a “case [...]
Entries from April 29th, 2009
Beggin’ Bandit
April 29th, 2009 · 5 Comments · all ur bankz, bandit
Mother, may I… incite a mob by handing out bonuses to a bunch of failbank employees? Citigroup, perhaps thinking we’re all occupied with news of the swine flu, or with the imminent ouster of Ken Lewis, or with our day jobs or something, thinks it’s a great time to ask for permission to hand out [...]
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A Quick Note From The Vote
April 28th, 2009 · 3 Comments · breaking news
Re-using my favorite of Jason’s Ken Lewis photos. From WSJ BREAKING NEWS: CalPERS votes against all 18 BofA directors, including CEO Lewis. CalPERS said it opposes the directors “for their role in allowing billions of dollars in bonuses to be paid to Merrill Lynch employees and for their role in failing to disclose to shareholders [...]
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Fortis Shareholders Bring THE BOOT
April 28th, 2009 · 1 Comment · all ur bankz
At LOLFed, you know we love THE BOOT. We encourage giving bad management and incompetent politicians the boot on a near-daily basis. Today, Fortis shareholders very literally brought our message to management: GHENT, Belgium, April 28 (Reuters) – Fortis Chairman Jozef de Mey halted Tuesday’s crucial meeting of Fortis shareholders temporarily after angry investors called [...]
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BAC Looking for TARP PR 2.0?
April 27th, 2009 · 5 Comments · all ur bankz
Oh, dear me. Bank of America now wants to know what is being said about them on the Internet. From their website, this posting for a “Social Media Research Analyst” went up today. I am barely going to quote back any of it, because it is the worst written job description for anyone in “social [...]
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