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New York, 11:59 AM
Thu Dec 3
48 posts in the last 24 hours
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10/22/09
You see how that works, right? The only way to keep people is to pay them millions of dollars. If you stop paying them millions of dollars, they will leave. Bank of America's evidence of this is that 45% of the people to whom it was paying the most millions of dollars left. Q.E.D.
They saw it coming. Top performers at notable TARP banks have been jumping ship at an incredible rate. Use the internet. #aig
10/22/09
10/22/09
You understand that banks have revenue streams all over the place, right? There's the bond shop. The equity shop. Client service. The back end. All of them have wildly different, easily individualized performance - and the guys doing well want to be paid. If they aren't, they'll take their clients to another firm that's willing to compensate them. It may shock you, because the media covers this very poorly, but corporations aren't one big box where everyone shares. #aig
10/22/09
10/22/09
It's not "funding" if it's printed money covering sour bets. That's called a mirage. New York is basically a national debt citadel - it's doomed. Philly should be so grateful that it's already dealing with massive shortfalls and burgeoning crime. At least it will have a leg up! #aig
10/22/09
10/22/09
10/22/09
10/22/09
10/22/09
Summary of massive screed deleted: there are unintended consequence to this populism. Pay restraints have to get everybody, not just TARP guys, or you screw the taxpayer even harder. Non-TARP firms are feasting on the Phibros, Mitch Coxes, Bob McCanns, etc.
Proposed solution: wanna limit banker pay? Don't bail the banks they work for out. Liquidate the paper wealth.
10/01/09
Cadillac, Chevy/GMC (<--merged), and Saturn could have adequately filled the marketplace and would save all of that money designing identical vehicles with different body panels and taillights for Pontiac, Olds, and Buick.
10/01/09
The new LaCrosse was to be the new Aura, and they are moving the Astra over to Buick and bringing over the sedan version which would have sold better in the US in the first place since americans hate hatches.
08/06/09
In the Chrysler bankruptcy court hearings, a dealer out of Little Rock expressed concerns that the process of closing dealerships was ripe with cronyism.
Here is a sample of his testimony before Judge Arthur Gonzalez:
"I have detected a pattern: In every market where there is a dealership connected with former Penske Automotive executive Steve Landers, or his new automotive partnership with "Mac" McLarty (former Chief of Staff for President Clinton) and Robert L. Johnson (majority owner of the Charlotte Bobcats), the competitors are rejected."
He then goes on to list specific examples of profitable dealerships in Little Rock, Fayetteville, Shreveport, Springfield MO, and Huntsville AL that were closed down in favor of Penske connected dealerships that were located in suburban areas.
08/06/09
08/06/09
05/15/09
05/15/09
Sure, I might think Glenn Beck is a maniacal dildo too, but regardless, his jingoistic anti-government argument doesn't hold up. GM killed itself. Washington hasn't done anything that I've seen yet that's worse than any decision they made on their own to get here.
05/15/09
05/15/09
05/15/09
05/15/09
05/15/09
I would never expected you to report Glenn Beck as a 'maniacal dildo', what with your bias and all. Thanks for the great "reporting" that you don't do, and oh yeah the references to dildos, I'm sure it was giggle-fun for all the 13-year-olds.
05/15/09
05/15/09
05/15/09
Again, wow.
That's ok, because I know there is no chance in hell that any regular commenters on this site have any substance at all. General talk degenerates to dick and fart jokes. Again thanks for pandering to insolent teenagers.
05/15/09
05/14/09
05/15/09
05/14/09