Group Think, Duct Tape and Slam Dunks
Anxious New Yorkers popping more pills CRAINS NEW YORK BUSINESS By Daniel Massey Published: December 12, 2008 Prescriptions filled for anti-anxiety drugs, anti-depressants and sleep aids have surged in the city as New Yorkers struggle to cope with uncertainties brought on by the financial crisis. The spike was particularly evident in September, when an economic […]
MoreJanuary 29, 2009 What Red Ink? Wall Street Paid Hefty Bonuses By BEN WHITE By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived. Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial […]
MoreSEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]
MoreThe 17th floor, where wealth went to vanish By Diana B. Henriques and Alex Berenson Monday, December 15, 2008 The epicenter of what may be the largest Ponzi scheme in history was the 17th floor of the Lipstick Building, an oval red-granite building rising 34 floors above Third Avenue in Midtown Manhattan. A busy stock-trading […]
MoreEconomy in Turmoil and Bailout Plans Adrift THE SAN FRANCISCO CHRONICLE Carolyn Lochhead, Chronicle Washington Bureau Sunday, December 7, 2008 Washington — Detroit automakers are in line behind governors who are in line behind banks, seeking emergency aid from Washington. Nearly $8 trillion in federal commitments is already out the door, and half of the […]
More
::Tullycast:: 