"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
GE says everything’s fine, just fine, thanks for asking, as the stock drops off a cliff. The problem is their finance unit, which threatens to turn the entire company into smoking rubble. Those bothersome auditors say GM is circling the…
Citigroup had its original birth with Sanford Weil buying degenerate, bottom-feeding subprime companies in the South that preyed on the poor and illiterate. Far as I can see, they’re still the same old girl they used to be. Now their…
But wait, could a rescuer be coming? Somali pirates in discussions to acquire Citigroup (C) The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities. The PRBS’s are backed by the cash flows from future…
It’s too bad that tens of thousands more will be losing their jobs at Citigroup. The stock is cratering and Citi will cease to exist soon and then be scavenged by vultures. Citi wasn’t just stung by subprime, they had…