There is a related FDIC press release "City National Bank, Los Angeles, California, Assumes All of the Deposits of Imperial Capital Bank, La Jolla, California" at http://www.fdic.gov/news/news/press/2009/pr09238.…
From the press release: "The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $619.2 million. City National Bank's acquisition of all the deposits was the 'least costly' resolution for the FDIC's DIF compared to all alternatives. Imperial Capital Bank is the 139th FDIC-insured institution to fail in the nation this year, and the sixteenth in California. The last FDIC-insured institution closed in the state was Pacific Coast National Bank, San Clemente, on November 13, 2009."
No mention of executive compensation was found in the press release. Media contact information can be found on the press release webpage. — December 19, 2009 noon
Mayor Sanders’s committees are almost wholly made up of downtown boosters
RE #5: Most of my neighbors in Encanto Heights are rather blissfully unaware of moves to re-zone the small businesses along Imperial Avenue out of existence and replace them with high-density residentials... kinda like the old crack castles along Imperial Avenue farther west, just east of Imperial & Euclid and running towards Lemon Grove for several blocks. I'm sure the residential proposals are not meant to eventually be crack castles, but that's the way things seem to go out here east of the cemeteries after a decade or so.— December 19, 2009 2:38 p.m.
Distrackted
Many years ago, I was a witness to the Orange Line running over somebody racing the trolley into the 62nd Street Station, as he had just left the nearby EDD office on his way to a job interview in La Mesa, I believe. If he had been holding a monthly transit pass in his possession, then he wouldn't have lost to the trolley while doing a superman leap across the tracks. They had to use massive airbags to lift the trolley off of him. Fortunately, all he lost was a foot.— December 19, 2009 12:48 p.m.
Distrackted
This tends to show that obsessive oblivious cell phone usage is an indication of natural de-selection for survival.— December 19, 2009 12:43 p.m.
Doomed Because It's So Damn Easy
I could have caught the Orange Line to downtown, transferred to the Blue Line, then walked a couple of blocks to leave you a message regarding my personal laziness at the Reader offices on India Street (http://www.sandiegoreader.com/places/the-office/), but opted to leave a comment via Internet instead... Isn't there a dive of a bar in town named "The Office"?— December 19, 2009 12:39 p.m.
Mayor Sanders’s committees are almost wholly made up of downtown boosters
Is there any count on how many of these "lobbyists" are also consultants for various parties with business in front of the Southeastern Economic Development Corporation (SEDC)? It appears to be time that I start attending that redevelopment agency's board meetings...— December 19, 2009 12:28 p.m.
Lobby leavings
I am personally amazed that any insurance company admitted to having any employees at all... as the people/"producers" who actually sell insurance policies are almost invariably "independent contractors" for whom the insurance companies never pay anything for health care or retirement. Any Vargas campaign spin on his apparently lucrative lobbying relationship with insurers ought to be amusing to watch but sad for its consequences against the public should he be elected as a state senator.— December 19, 2009 12:23 p.m.
Feds Close Imperial Capital Bank of La Jolla
There is a related FDIC press release "City National Bank, Los Angeles, California, Assumes All of the Deposits of Imperial Capital Bank, La Jolla, California" at http://www.fdic.gov/news/news/press/2009/pr09238.… From the press release: "The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $619.2 million. City National Bank's acquisition of all the deposits was the 'least costly' resolution for the FDIC's DIF compared to all alternatives. Imperial Capital Bank is the 139th FDIC-insured institution to fail in the nation this year, and the sixteenth in California. The last FDIC-insured institution closed in the state was Pacific Coast National Bank, San Clemente, on November 13, 2009." No mention of executive compensation was found in the press release. Media contact information can be found on the press release webpage.— December 19, 2009 noon
Everybody's Got Something to Hide (especially me and my monkey meat)
Makes me kinda relieved that I don't have a roommate. At the same time, I'm lost about how to treat my imaginary friends from now on...— December 15, 2009 6:35 p.m.
Ramona Zapata, In Memoriam
Hey... it made me laugh, and that IS the best medicine!— December 15, 2009 2:50 p.m.
This Is How Bad It Is in Tourism
"This week, the W Hotel Union Square in Manhattan went for $2 million at auction. Dubai World's private equity arm had paid $282 million for the hotel in 2006, according to the Wall Street Journal. Dubai World is in deep, deep trouble." A friend in Las Vegas tells me that Dubai World is at least waist-deep into a new hotel-resort project there that opened close to the same time Dubai was asking for more time to pay interest on debt... What happens in Las Vegas shows up on a Wall Street ticker?— December 15, 2009 1:23 p.m.