Consider the sad plight of one Edward Kelly, Ned to his friends (and to me, because). Ned was once briefly the CFO of Citigroup, which was once a respectable independent bank. As we may have mentioned once or twice, Citi came upon hard times in the past few years, leading to a 1/3rd takeover by [...]
Entries from August 19th, 2009
Mother-In-Law Bair Is Here To Meddle
August 19th, 2009 · No Comments · all ur bankz, fail, regulatin
Tags:
Tuesday Morning Link-stravaganza
August 18th, 2009 · 2 Comments · links
- Notorious C.E.O., ten startup commandments from Biggie Smalls: “Both debt and equity financings consume company time and may drive startups to overspend before their plans are fully-baked. They also put a greater pressure on financial performance, which is only a good thing when a company is confident in their product’s maturiy and ability to generate returns. [...]
Tags:
What Do You Do With A Defunct Zimdollar?
August 17th, 2009 · 3 Comments · loller dollar
When your rate of inflation is exponential and your currency has been deprecated (and depreciated) so that even your country’s own post office demands payment for stamps in USD, what do you do with the leftover bills? Above, a sign recommends not using them for toilet paper, though I really do hope to hear Jay-Z [...]
Tags:
No, You Can’t Keep Your Executive Pay. Not Yours.
August 17th, 2009 · 3 Comments · regulatin
If there is one thing in life that you should never, ever forget, it’s that Ken Feinberg always collects, everything, forever. Not only does he have the authority to limit current compensation, he also claims the God-given right to take back money already paid. If you work for a TARP recipient, Ken Feinberg controls your [...]
Tags:
Saturday Morning Cartoon Links
August 15th, 2009 · 1 Comment · links
Cash for Clunkers has taken a number of awful cars off the road – including a rare 1985 Maserati. Granted, the BiTurbo was one of the worst cars ever made, but still. In other clunker news, maybe that first billion dollars was all the program really needed, as participation has slowed precipitously since the funding [...]
Tags:
