2009 has been a bad year for companies whose name starts with “Cit” – Citi continued to suck, CIT failed hard, and now Citadel Broadcasting has filed Chapter 11. When I heard the news I went out to my car and high-fived my XM radio.
From The Reformed Broker: Say what you will about Wall Street traders and their coke habits, at least they’re worm-free.
GM’s Saab story continues, as the one company that actually wants to buy it is submitting a second offer after the first one was rebuffed. GM wants to kill it, Spyker wants to give GM money for it. Yuppies all over the Northeast are collectively holding their breath.
Congratulations! If you can read this, you survived the stock market’s worst decade in history. Yes, even worse than that one decade that one time there was an actual depression and your grandparents had to eat dirt and whichever of their siblings ran the slowest. Go us!
No stranger to being ruined by communication records, Eliot Spitzer wants Treasury to release its emails regarding the AIG bailout, to the internet, so everyone can read them. With luck, he’s hoping Maurice Greenberg will be revealed as Client 10.
And finally, Goldman Sachs is not acting like a child with a massive sense of entitlement about the UK bonus tax, threatening to take its ball and go home. Instead, it is threatening to take its ball and go to Spain, if by “its ball” we mean “20% of its London workforce.”


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