Monthly Archives: December 2009
File under things that don’t need research: "CEO language misleads analysts’ ratings, study confirms"
Duh! Business analysts, who are paid to dryly evaluate and forecast the financial performance of the companies they cover, turn out to be vulnerable to what one research group has dubbed “charismatic” language in the CEOs’ vision statements. Certain words … Continue reading
Filed under Corruption, Crooked bankers, Market, Stupid investment managers
WSJ wonders "does golden pay for CEOs sinks stocks"? Does a dog lick its own butt?
Duh: Studies show that the bigger the boss’s slice of the pie, the worse that the company performs.
Filed under Corporate cronyism, Corrupt, Market
If the banks raise rates on deposits, they’ll have to cut bonuses. And that must never happen
So retirees and folks relying on fixed income are screwed. Now, is that anything to cry about when the banks are caring for their top management and paying them millions in bonuses? I am sure it’ll all trickle down to … Continue reading
Filed under Corporate communism, Corruption, Crony capitalism, Wealth divide
Remember how stadiums were supposed to bring in billions to a local market
And cities abandoned education reform, social services, infrastructure needs etc. to cater to these rich fucks’ needs? The best thing yet is that most of the tax subsidized fuckwads gave money to conservative candidates to get more tax breaks for … Continue reading
Filed under Asshats, Conservative politics, Corruption, Economics, Sports
Here’s wishing David Broder as horrible a year as he deserves #hcr #p2
He decries Dem’s effort to fuck up the healthcare reform beyond its already compromised state by not including tax credits that the GOP buffoons wanted, because that would have gotten their votes. Not! BRODER’S A HARD MAN TO PLEASE…. For … Continue reading
Filed under Bipartisanship, HCR, Health insurance, News industry, Wankers, What liberal media
Oh crap. There’s a bipartisan financial reform bill. Gawd help us
The Daily Beast: Democratic and Republican lawmakers tasked with hammering out legislation regulating the finance industry say they have reached a major breakthrough in negotiations. In a joint statement on Wednesday, Sen. Chris Dodd (D-CT) and Sen. Richard Shelby (R-AL), … Continue reading
Why did GMAC have a residential mortgage company?
Buffett swoops in for the kill: Warren E. Buffett is in talks to buy the troubled residential mortgage company Residential Capital, a unit of GMAC, The New York Post reported, citing unidentified sources. Mr. Buffett, along with Appaloosa Management and … Continue reading
Filed under Auto industry
Feds trying to determine whether Goldman Sachs intentionally sold their clients especially risky mortgage assets and bet against it at the same time
Let me take a wild guess: Yes! Gretchen Morgenson: In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing … Continue reading
Filed under Asshats, Corrupt pigs, Crooked bankers, Goldman Sachs
ACORN exonerated, again
What a shock that something some numbnuts made into a big dead, wasn’t. Political Animal: ACORN seems to be having a good month: “The controversial community organizing group Acorn has not broken any laws in the last five years, according … Continue reading
Filed under ACORN, Batshit crazy, GOP Buffoons
New home sales drop and, as usaul, someone is surprised
Folks, there is excessive inventory of homes: existing and new and no one is willing to pay extra for a new one when there are plenty of decently priced bargains. Bad economic news: Purchases of new homes in the U.S. … Continue reading
Filed under Home Builders, home sales, Housing debacle
