We are pleased to report that even vampire squids have a heart. Naked Capitalism reported last week that for the small lot of kittehs that had been born in one of Goldman’s buildings under construction, the bank had a balance due on the kittehs’ vet bill. ($GS had offered to pay up, in order to [...]
Entries from November 12th, 2009
Kanjorski and Colossus
November 12th, 2009 · 2 Comments · all ur bankz
So today celebrates the ten year anniversary of the repeal of Glass-Steagall, and I hope you’ll all join me in a nice strong martini later and some reminiscing over exactly how well that has worked out in the last year or so. You might also want to join me in sending some diapers to the [...]
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Told You This Was The Worst Job Ever
November 11th, 2009 · 4 Comments · all ur bankz, fail
Bye bye, Bobby! Why’d you hafta go? …is what you’ll have stuck in your head for the rest of the day, just like me, no thanks to this quitter. Robert Benmosche, who took over the top spot at AIG for some reason or another, has had e-friggin-nough of the job that common sense told everyone [...]
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Oops, Sorry We Repealed Glass-Steagall And Created $C
November 7th, 2009 · 2 Comments · fail
John S. Reed’s mea culpa: John S. Reed, who helped engineer the merger that created Citigroup Inc., apologized for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts. “I’m sorry,” Reed, 70, said in an interview yesterday. “These [...]
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Who Foretold This? Only Everyone.
November 6th, 2009 · 1 Comment · all ur bankz, fail, regulatin
A quick one before my morning beating resumes: Consumer Reports finds that credit card issuers are doing everything the new consumer protection law says they can’t before said law takes effect next February. Anticipating the February trigger of the Credit CARD Act’s final phase, banks have dramatically raised interest rates, imposed new fees, jacked up [...]
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