…or foreclosed on it, to be more accurate, and now the former owner is saying Wells has left a lot of hungry critters in their wake. At first, Dan MacKenzie, the evicted owner of Bonniedale Farms, thought the bank was letting people carry off his livestock willy-nilly: Guy Settipane, the lawyer for Dan MacKenzie, said [...]
Entries from December 9th, 2009
Is $BAC Really Out From Under The TARP?
December 6th, 2009 · 1 Comment · all ur bankz
Soooooo… the bull case is that Bank of America raised a shiny nineteen-some-odd billion dollars (I’m in ur offerings, dilutin’ ur sharez) to pay off its government overlords and maybe, hopefully, be able to attract an heir to the Ken Lewis throne. Is that it? O RLY? No… other than the obvious suck that it [...]
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Mad Sachs And Other Evening Links
December 3rd, 2009 · 1 Comment · links
Above image is courtesy Change to Win, who also couldn’t resist ‘shopping the Goldman-and-guns story. Today, Goldman remained on the defensive, but this time using PR instead of ammo – they released a 14 page treatise on why they’re smart, funny, and people like them, and are thus worth a budget of $16.7 bn for [...]
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Jim Bunning: Bernanke, Pwned
December 3rd, 2009 · 1 Comment · bernanke
We can’t let Bernanke’s confirmation hearings go without comment – but we also think we’re better off letting Senator Jim Bunning deliver the comment, since he was eager to lay the smackdown. A few choice extracts: Now, I want to read you a quote: “I believe that the tools available to the banking agencies, including [...]
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At $GM, Cups Of STFU and GTFO
December 2nd, 2009 · 2 Comments · bitchfights
Now here was one guy I surprisingly did not have a pre-made “TEH BOOT” graphic for, so he gets this, instead. Fritz Henderson yesterday resigned from GM, leaving a tall Texan dude named Big Ed to take over in the interim: General Motors Co. Chairman Ed Whitacre said he was in a hurry. When he [...]
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