If we here at LOLFed were mean, or at least motivated by a sense of righting perceived wrongs, we might be Bruce Marks of the Neighborhood Assistance Corporation of America, or NACA because I’m too lazy to type all that. Whereas we’re content to taunt bank execs from behind the safety of a keyboard and [...]
Entries from May 20th, 2009
Bank Of America Hits Up The ATM
May 20th, 2009 · No Comments · all ur bankz
You know that joke that was going around back in October? Go to the ATM and it asks YOU to spot it fifty bucks? Yeah, Bank of America got that one. Kennay and company dumped 1.25 billion shares off at the market last night, raising about $13 billion: The finance giant said in a statement [...]
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Just Doin’ Their Part
May 19th, 2009 · No Comments · all ur bankz
Taxpayer win! Kind of? A little, maybe. JP Morgan, Morgan Stanley, and Goldman Sachs are all clamoring to pay back that TARP money they never needed in the first place, because funny thing, when you take billions of dollars from someone there tends to be strings attached. Ropes, really. Of course, they can’t just give [...]
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Earnings Season, Apron Season
May 19th, 2009 · 1 Comment · retail
When your (arguably) biggest remaining economic problem is the housing sector, the retailers who stock supplies for building and remodeling houses are decent places to look for an indication the economy might be turning around. Lowes (LOW) reported yesterday, and the “drop, but not as bad as expected” was widely lauded as a cause of [...]
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When All Else Fails, Open A Restaurant
May 18th, 2009 · 2 Comments · retail
Among my few deeply-held beliefs, there lives a hatred of Facebook apps. I had nearly stopped using the site for about a month before I learned that LivingSocial and its inane cousins could be blocked from my news feed. All the rage on Facebook right now? Running your own virtual restaurant. Whomever designed this one [...]
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