If you work for Citibank Japan, we’re sad to hear that you’ll be spending a month sitting in the corner with your head hung in shame. Starting July 15th, they’ve been ordered by the government to take a month off as penance for various indiscretions: Japan’s financial regulator has ordered Citigroup to halt some of [...]
Entries from June 26th, 2009
History Continues Repeating Self
June 26th, 2009 · 3 Comments · Uncategorized
Way back in the day, when the country had real depressions worthy of capital D’s, the Senate had decided it had enough of that crap and wanted to know what happened (this was before we had talking heads on CNBC to tell us what to think, financially speaking). So it did the natural thing and [...]
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Thursday: Roundup!
June 25th, 2009 · 4 Comments · links
- From the roflcopter department: there’s now a joint venture between Nigeria and Gazprom. What’s it called? Nigaz. Please. – Bernanke was of course roasted over the coals today. Did you, or did you not, bully this bank? By the end of it he was probably wishing for an ejection seat to get the hell [...]
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This Is Not How It’s Done
June 25th, 2009 · 3 Comments · fail
I get it. You’re old, you’re upset that your whole plan for retiring comfortably has been taken out back and shot. This has happened to exactly 100% of people. There are options out there – readjust your retirement lifestyle, get a part-time job, heck, you can even get a reverse mortgage and screw your heirs. [...]
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A Fed Cover-Up? Cramer Says No Way!
June 24th, 2009 · 5 Comments · bernanke
First, Representative Darrell Issa: WASHINGTON (Reuters) – The Federal Reserve sought to hide its extensive involvement in Bank of America Corp’s acquisition of Merrill Lynch as Merrill’s financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday. “The committee has already learned that Ben Bernanke and the Federal Reserve [...]
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