If you work for Citibank Japan, we’re sad to hear that you’ll be spending a month sitting in the corner with your head hung in shame. Starting July 15th, they’ve been ordered by the government to take a month off as penance for various indiscretions: Japan’s financial regulator has ordered Citigroup to halt some of [...]
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And I Thought We Just Needed An “F”, For “Fail”
June 18th, 2009 · No Comments · bailout
The acronyms we’ve spawned in the latest financial crisis put even the Great Depression’s ability to create alphabet soup to shame. WSJ reported a couple of days ago on some rather funny and tragic ones: Take, for example, the RAT Board, which in more official circles is known as the Recovery Accountability and Transparency Board, [...]
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