Um… can’t the UK just let our diplomats telecommute? In an effort to keep the site more secure, the US is moving its embassy out of the congestion of Grosvenor Square into a former industrial site. This sounds good, until you hear that we’ve made plans to spend a billion dollars to build a giant [...]
Entries from February 24th, 2010
Shovel-Ready! Check Out Our Billion Dollar Embassy
February 24th, 2010 · 3 Comments · breaking news
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Regulatin Ur Prop Trading, Or Not
February 24th, 2010 · 2 Comments · regulatin
Here’s your sporadic update on where we stand when it comes to regulating prop trading. We all know it isn’t going to go anywhere, but Obama is still talking big about turning the vampire squid into calamari, Volcker style: The Obama administration said on Tuesday it is still committed to the “Volcker rule” to ban [...]
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Citigroup, Regulation D, And You
February 22nd, 2010 · 4 Comments · all ur bankz
It looks like $C’s putting customers on notice that they may find their checking accounts – usually considered the most liquid of places to stash your funds – not so liquid after all: “Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. [...]
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Benny’s Baby Steps?
February 19th, 2010 · No Comments · bernanke
The discount rate – the rate at which the Fed makes emergency, overnight loans to member banks – has been running at a substantial discount, as in the kind of discount that makes the discount window look like the Taco Bell drive-thru window, since the beginning of the bailout days. But Benny’s now gone and [...]
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A Real Dog Of The Dow?
February 18th, 2010 · No Comments · Uncategorized
Just briefly, in case you need a lunchtime laugh — Sadie, the big winner at the Westminster Kennel Club, rang the NYSE opening bell today:
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