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  • All of Tim Geithner's (Wall Street) Men [View article]
    In other news, the state of Colorado just reduced its minimum wage from $7.28 to $7.24 per hour due to deflation:
    news.yahoo.com/s/ap/20...
    Oct 15 16:58 pm |Rating: +2 0 |Link to Comment
  • Why I'm Short So Many Financials [View article]
    Perhaps it's time to bring Glass Seagall back.
    Sep 15 18:20 pm |Rating: +3 -1 |Link to Comment
  • A Cool $200 Billion for Bank of America? [View article]
    Of course, the banks will post profits and they won't need more bailout money. Because now with the new rules in place they can value their assets anyway they want. In Japan, 10 years after the real estate bubble, banks were still writing off bad loans. That's where we are heading.
    Apr 09 13:33 pm |Rating: +1 0 |Link to Comment
  • Will the G20 Crack Down on the FASB? [View article]
    How does that song go: "I think I am turning Japanese. I really think so."?
    Apr 02 19:45 pm |Rating: 0 -3 |Link to Comment
  • Citi's Management Looks Overmatched [View article]
    On Nov 23 02:20 PM mik123 wrote:
    > Once Citigroup gets through 2009, it will get back to earning 25 billion per > year.

    I hope not. Or else we'll have another credit crisis in 5-10 years.

    Here is one prime example of Citi 'earning' their money:
    findarticles.com/p/art...
    and now they are complaining about short sellers. Just like GS did.

    PS I do understand that the government has to give them more money. We don't want another Lehman Brothers disaster.
    Nov 23 14:30 pm |Rating: +1 0 |Link to Comment
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