I had to look three times to make sure that the Feds really meant United States Federal Government Authorities when I saw the headline
Feds Sue Big Banks Over Sales of Risky Investments.What was the point of spending Trillions of Dollars bailing out the Banks if you are going to turn around and sue them for $30Bn and drop their stock price another Trillion, causing them to need another bailout?
Will someone please explain this to me? What I find confusing is some unnamed "saviour of Bank of America" billionaire investor bought some preferred bonds, the day after he had a chinwag with the U.S. President, and then this.
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I completed a series of online cognitive processing tasks with the carrot-dangle of a chance for a $25 Amazon.com gift certificate. I was identified as "an expert Scrabble player" despite not having played a tournament game for seven years. I did okay against an expert who plays several times a week, and I helped my little tot score 500+ points against an adult two weeks ago, so not all the brain cells have died.
I am also helping a local school board candidate (Challenger) with her campaign. She wants a world-class school district but having been educated in another part of the world I will realistically settle for a school district that doesn't make me itchy to send my kid to Catholic school or to the next school district 35 blocks north, or even the next nation north.
The year looks promising for boy: his tormentor has moved back to his home country; his best friend and another playmate from his old school have joined them at his school, and his teacher who was available at back-to-school night is English. My boy watches UK panel shows and old comedy shows on YT so this will be fun for him. His teacher can tell him about The Old Smoke's Fine Music Culture Contributions (YouTube, no foul language and no nudity)
Today I did some desktop publishing and later I will do a reconnaissance mission on her website and look for ways to make it better, and create a Word document for people to mail their donation forms if they don't want to use PayPal. I actually think she has a great shot of winning, as long as voters in my city learn how the incumbents have been wasting money.
September 3rd, 2011 at 04:44 am 1315021474
This housing bubble is quite the opera; too bad we are or will be spearchuckers with one sticking out in the chest.
Dunno what's in Buffett's mind except he has money to burn. Since he owns a big stake in WF and Amex, this BofA deal makes him quite the puppetmaster. Perhaps eating those losses is part of his alternate tax plan.
September 3rd, 2011 at 05:14 am 1315023277