And for our favorite trainwreck, we can think of nothing more fitting than an anniversary cakewreck. Still, it sounds like they’re going to get the biggest present of all – three years later, they may be finally winding down their BK proceedings. Fav quote: “People at the time were thinking this was going to be [...]
Entries from September 15th, 2011
Banks, They’re So Hot Right Now
September 13th, 2011 · 2 Comments · all ur bankz
Alex Schaefer, a California artist, has tapped into some of the frustration with the financial system via a visual statement: a series of paintings of burning banks. His reasoning: Schaefer tells The Los Angeles Times that his painting is a “visual metaphor for the havoc that banking practices have caused to the economy.” Works for [...]
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Bank Of America Ranks First In Something
September 12th, 2011 · 2 Comments · all ur bankz, fail
Taking the award for the most layoffs so far this year, a title previously held by Merck – it’s Bank of America ($BAC)! They’ve confirmed 30,000 layoffs: “As the decisions are implemented, employment levels in the areas under review during Phase I are expected to be reduced by approximately 30,000 jobs over the next few [...]
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Labor Day: We Have Today Off, Markets Not So Much
September 5th, 2011 · 2 Comments · fail
What’s that delicious charred smell? Well, in my backyard it’s a 2″ thick new york strip but everywhere else around the world, it’s the scent of the major indices burning off a few percentage points. Expect a spillover in the US tomorrow: European stocks dragged global equities down along with them all day Monday as [...]
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