Pretty much from the day he was announced as the new Hank Paulson, Timmay has been accused of being inept, in over his head, looking like a little boy lost at the fair, incompetent, useless, and a whole parade of even less complimentary adjectives not appropriate for a family blog. And you know, maybe they’re [...]
Entries from November 17th, 2009
GMAC Board Gives de Molina The GTFO Order
November 17th, 2009 · No Comments · bailout, fail
Another unemployed public servant (hey, we own a third of GMAC, I can say that). Alvaro de Molina, a $BAC vet who had been plugged into the position by Cerberus and who thus has been CEO of GMAC for less than two years, was unceremoniously given THE BOOT by the board yesterday: A person familiar [...]
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I Got Ur Robust Improvement Right Heah
November 17th, 2009 · No Comments · bernanke
Asset prices? We haven’t inflated no steenking asset prices! Federal Reserve Chairman Ben S. Bernanke said it’s “not obvious” that asset prices in the U.S. are out of line with underlying values after a 64 percent jump in the Standard & Poor’s 500 Index from its March low. “It is inherently extraordinarily difficult to know [...]
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Sunday Funtime Links
November 15th, 2009 · No Comments · links
- Hey, China, why are you frontin’? – Krugman, job-sharing, and workers as assets v. expenses (h/t nakedcapitalism) – Gordon Brown: in ur banking system, tearin up ur bonus contract – In ur yard, buryin ur gold. (h/t TakeAReport) – Cute cat alert: o hai, depositin mah funds …and now it appears I have been [...]
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God’s Work: Ur Doin It Rong
November 13th, 2009 · 2 Comments · fail, goldman sachs
Typically, when a person claims to be doing God’s work, they’re feeding the poor or making Redtubes or just doing something to benefit society. Not our man Lloyd, who said that thing last week, famously, to the laughter of everyone. “You’re a bank,” says they, “and you’re actually making more money than God,” which is [...]
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