Man. I swear. I say I am going to go on vacation for once and the government chooses my first day out of the office to run out of money. Some select quotes from an interview President Obama gave C-SPAN (sourced from Drudge, but they look respectable enough to have not been taken out of [...]
Entries from May 23rd, 2009
Happy Friday!
May 22nd, 2009 · 3 Comments · links
For me, Memorial Day always means long weekend – and probably for many of you, as well. I’ve got some selections for this morning, though: – Bank fail gets started early this week, with BankUnited dying in a fire. +1 to this article for mentioning why thrifts are taking it on the chin harder than [...]
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But What Did He Do Wrong?
May 21st, 2009 · 2 Comments · all ur bankz, fail
To the shock of everyone, AIG Chairman, CEO, and HBIC Eddy Liddy quits as soon as a replacement (or two, because can one single man do both his jobs? I submit that he cannot) can be found. Three board members quit, too. I wouldn’t want that job either, you know? Is there a bigger resume [...]
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More Morality, This Time From Livedoor
May 21st, 2009 · No Comments · fail
Livedoor is a Japanese internet company that was delisted in 2006, amid allegations of fraduluent stock exchanges and falsifying its performance to attempt to justify its giant run-up. Their CEO, Takafumi Horie, is better known as Horiemon, has tried to buy a baseball team, hates wearing ties (despite the above evidence that he has donned [...]
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No Country For Liquid Lunches
May 21st, 2009 · 3 Comments · markets
A lesson from the UK: it is not advisable to spend three hours at the bar, then walk back to your desk and take a massive short position. Even if you ultimately profit on it. FSA doesn’t take kindly to that sort of thing: Let’s call it the Bubbling Crude: a potent and pricey cocktail [...]
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