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Wall Street Collapses of Its Own Hubris, Gambling with Borrowed Funds. Two of Biggest Houses, Merrill Lynch and Lehman, Disappearing
As for Freddie and Fannie-I want to know why the golden parachutes are bing honored for the idiots that ran them??????? By JohnnyVegas 1:52 p.m., Sep 15, 2008 > Report it ================================ The feds just cancelled out the $12 and $14 million dollar golden parachutes of Freddie and Fannie's CEO's. Finally!.. for once the feds do something right.— September 16, 2008 11:42 a.m.
Union-Tribune obituary Allard Roen omits mob connections
When neighbors did go to testify at the federal criminal trial almost two years later, after nearly 7 years of exposures... well, maybe I'll just post the link to the judge's order for a new trial after last year's GUILTY verdicts. http://emerginglitigation.shb.com/Portal... ==== ======================================= Well I see your problem, you had Dana Makoto Sabraw as your judge, another loser judge that is only a shade better than Marilyn Louise Huff. Both are rubber stamps for the government and Big Business, and seem to be brainless.— September 15, 2008 10:25 p.m.
Stocks Plunge; Insurance Giant AIG May Be Next Casualty. Era of Excessive Debt Probably Coming to Inglorious End
Brandes could, unbelievably, take another major hit if WaMu goes to zero. ==== ====================== WaMu will be at zero by Friday-if not sooner.— September 15, 2008 10:16 p.m.
Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes
My guess is the UT is not healthy and is bleeding red ink. As such, it will be a lowball sell, to a bottom feeder, which may or may not help it. But it will be a lowball sale and the buyouts prove that up. And will be sold by years end.— September 15, 2008 8 p.m.
Stocks Plunge; Insurance Giant AIG May Be Next Casualty. Era of Excessive Debt Probably Coming to Inglorious End
WaMu will die this week. That is a JohnnyVegas Guarantee.— September 15, 2008 5:11 p.m.
Wall Street Collapses of Its Own Hubris, Gambling with Borrowed Funds. Two of Biggest Houses, Merrill Lynch and Lehman, Disappearing
Dow was off 504 points, which is not bad considering the news that 2 investment banks failed. Reinforces my view that the Feds should have let bear Sterns Cos. fail too. As for Freddie and Fannie-I want to know why the golden parachutes are bing honored for the idiots that ran them???????— September 15, 2008 1:52 p.m.
Wall Street Collapses of Its Own Hubris, Gambling with Borrowed Funds. Two of Biggest Houses, Merrill Lynch and Lehman, Disappearing
maybe 1000's of those Lehman employees who made millions in bonuses the last many years when the going was good so reinvest some of that money back into their own company. Right that will never happen. ========================== Total payroll for Lehman in 2007 was $9.5 billion. I don't know how much was attributable "bonuses", which is where the big money is on Wall Street. I am sure a large %, if not the majority of payroll, was bonuses. It does make one wonder how (why?) Lehman could fail under supposedly $2-3 billion in bad debt when as a % of payroll costs it is only 30% ?????????? It just goes to show you how screwed up the financial systems are today. Big money has bought off the Congress who are supposedly the gate keepers and protectors of the general welfare of society.— September 15, 2008 12:16 p.m.
Wall Street Collapses of Its Own Hubris, Gambling with Borrowed Funds. Two of Biggest Houses, Merrill Lynch and Lehman, Disappearing
Well, we're going to see how the Credit Default Swaps hold up on Monday. I am just glad there was no bail out with taaxpayer money. You know what they say, when you get lemons, make Lehman aid!— September 14, 2008 8:05 p.m.
Eight-Year Saga of Port's Phantom $21 Million for Ballpark Finally Ends. It's a Tale of Typical San Diego Deceit
$683K dollars is not chump change either. This is typical though, having a suit tossed because a government defendant was involved (I have seen this too many times to count). The BIG difference here is the plaintiff had deep pockects to continue, or the lawyers were doing it on credit. It was one of the two-and an option NOT open to about 99% of the population. It is a minor miracle the case made it to a conclusion.— September 13, 2008 4:10 p.m.
CCDC Kills 7th and Market Project; Chairman Maas Says Related Group May Be Victim, Attacks Local Developer
Don, they knew about Nancy Grahams past-come on-it would have been IMPOSSIBLE not to know. This is the age of the internet, where the typing of a name produces results in a heartbeat. There are HS kids!! that read the local news and would know Grahams past. To think that someone would not be properly vetted for a position that is probably the highest paid in the City is pure nonsense. They hired her because she was connected and would pull strings for her buddies-it is that simple. They knew everything there is to know. The notion that the City/CCDC Board/Whomever hired Graham without knowing about her past connections cannot even be stated with a straight face in a stand up routine.— September 12, 2008 11:29 a.m.