No, that isn’t shorthand for “owned” although that certainly applies, too. No, it’s shorthand for “pawned” which will shortly describe Ken Lewis’ big-screen TV. You see, it turns out that he has been working for free in his final year at Bank of America, but he just found out about that. The Department of the [...]
Entries from October 16th, 2009
The Little Bank That Couldn’t
October 16th, 2009 · 1 Comment · all ur bankz
With all the mollycoddling and free money given the banks by the US government over the last year, you’d think they would all be turning a profit by now. Heck, even $C eked out a number very slightly in the green (so very proud of you, Bandit), but there’s one hot mess that still hasn’t [...]
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Greenspan Abandons Free Market
October 15th, 2009 · 4 Comments · greenspan
Ha ha, scare headline. So now Alan Greenspan is advocating that banks too big to fail should be broken up into lots of tiny little banks, like Constructicons. Yes, that same Alan Greenspan who partied with Ayn Rand and was unable to even pronounce the word “regulation” until his fifty-third birthday. “If they’re too big [...]
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JP Morgan Now Printing Own Money
October 14th, 2009 · 1 Comment · all ur bankz
Here’s some news that should be of great comfort to those of you who are unemployed, which is all of you: JP Morgan Chase rolls a $3.6b Q3 profit. As will be the case over and over as quarterly reports trickle out from other banks this week, credit cards and mortgages were fail while everything [...]
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Ponzi Thug Life
October 13th, 2009 · 2 Comments · madoff
Bernie Madoff, A WINNAR IS YOU! You may recall that last month, Allen Stanford lost his round of Ponzi Punch-out. Madoff, however, brought the prison pain to a man ten years his junior: Bernard Madoff got into a fight in the prison yard with another inmate over the stock market – and won, the New [...]
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