Look how sad Bank of America’s CEO has been made by the prospect of not collecting as much money in service charges! (As y’all know, new regulations are going to make it much harder for the banksters to rake it in when, for example, you happen to overdraft on a $3.85 latte because you thought [...]

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The failboat is forced to make room for two more, as $FNM and $FRE both are summarily delisted from the New York Stock Exchange for the failure to keep their stock above the loller-dollar level: The companies’ regulator, the Federal Housing Finance Agency, said Wednesday that it expects Fannie Mae and Freddie Mac shares to [...]

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Straight outta Albany, it’s the most brilliant idea ever. New York State can’t afford to make its required payments to its pension fund this year… unless it borrows the money from the very same pension fund it’s making the payments to: Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state [...]

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