Monday, January 26, 2009

Citigroup about to complete purchase of brand new $50 million corporate jet. from Think Progress

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from http://thinkprogress.org/2009/01/26/citigroups-new-jet/ The New York Post reports today that Citgroup — the recent recipient of a $45 b...
Saturday, January 24, 2009

Seven reasons the market is not going up any time soon: #5 The consumer has stopped spending from BloggingStocks

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The consumer spending component of the economy was 70% of GDP, but it is shrinking fast and it will not come back to former levels for a lo...

Memo to All: Republican Members of Congress, and Their Media Dogs, Lie All the Time from Grasping Reality with Both Hands: The Semi-Daily Journal of Economist Brad DeLong

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Duncan Black: Eschaton : Your Liberal Media: Still happy to run with any Republican horseshit it is fed. Get used to it. Steve Ben...
Friday, January 23, 2009

Palin’s campaign wardrobe is in trash bags at the RNC. from Think ProgresS

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After it was revealed that Gov. Sarah Palin's (R-AK) infamous campaign wardrobe was worth at least $150,000 dollars, Sen. John McCain (R...

Clueless from Daily Kos

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REST AT http://www.dailykos.com/storyonly/2009/1/23/134815/053/389/688122 You can't make this stuff up:

The Thain of Wall Street: “Let ‘em eat cake” from Eideard

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Merrill Lynch paid billions of dollars of bonuses to its employees , three days before completing its life-saving sale to Bank of America,...
Thursday, January 22, 2009

Citi Follows Chase out of Wholesale - The ‘Rest’ Are Next from Mr. Mortgage's Guide to the TRUTH

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It looks like Citi is following Chase's lead and is shutting down their wholesale lending (broker) and much of their correspondent (bank...

Merrill Paid Billions In Bonuses, As New Owner Sought More Bailout Dollars from TPMmuckraker

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It's got stiff competition, but Merrill Lynch may have just wrapped up the prize for the investment bank that best exemplifies Gordon Ge...

John Thain Quits Bank of America, Leaving $87,000 Rug Behind from Gawker

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After details of a spending spree became public, Merrill Lynch CEO John Thain has resigned from his post at Bank of America , which bought...

House Votes Against Kleptocracy, Puts Obama's Economic Team on Notice from Open Left

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The U.S. House today publicly rebuked the Obama administration's economic team, voting overwhelmingly to disapprove the second half of ...

The 24/7 Wall St. Twenty-Five Best Financial Blogs

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from http://www.247wallst.com/2009/01/it-has-been-ove.html

Merrill Gives Itself Huge Bonus For Snookering Ken Lewis And BOFA (BAC) from Clusterstock

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Merrill Lynch's sale of itself to Bank of America (BAC) for almost $50 billion is shaping up to be the deal of the century. As we now ...

John Thain's $87,000 Rug - The Daily Beast

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[WHAT A CLUELESS ASSHOLE ] in a Daily Beast/CNBC exclusive, Charlie Gasparino reveals how Merrill Lynch's CEO spent over $1 million an...
Wednesday, January 21, 2009

Obama keeps promises on his first day from Politifact.com stories

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In his first full day in office, President Obama kept several campaign promises on ethics and was scheduled to fulfill a well-known pledge o...

Rush Limbaugh passes out his marching orders to the GOP: He wants Obama to fail from Crooks and Liars

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from http://crooksandliars.com/john-amato/rush-limbaugh-passes-out-his-marching-o http://www.youtube.com/watch?v=XuYjWbAU2eU Rush Limbaug...