Wall Street – Page 5

“To Serve Man”

Hey everybody! There’s still some Kool-Aid in the punch bowl! I mean, they’re backed by Goldman Sachs. What could go wrong? It’s not like they’ve ever deceived their own clients. Oh, wait. I remember when Groupon was getting ready to get bough by Google. But, their finance guy blabbed about it and Google pulledContinue reading ““To Serve Man””

Musical Comedy

I remember where I was when I first heard Greece was in deep doo doo (at a depth not seen since The Treaty of Versailles). It was a Sunday. I was at the original DuPar’s at Third and Fairfax. I’d brought my NY Times. The front page said it all: Greece was behind withContinue reading “Musical Comedy”

People Are Burning Alive on the Streets of Athens

In 2008, a teenager was killed by Greek police and it lead to a riot that lasted longer than a week. Today, a middle-aged man died. Anarchist rumor has it that the trade unionist, Dimitris Kotsaridis, fell from the glass awnings over Syntagma Square and had a heart attack. The word inside the square wasContinue reading “People Are Burning Alive on the Streets of Athens”

So Goes the EU and the Eurodollar Dream

Here we go. Say bye bye to the Eurodollar. Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough. As Germany slowly makes for the door, one might askContinue reading “So Goes the EU and the Eurodollar Dream”

California breaks from 50-state probe into mortgage lenders [Updated] – latimes.com

California Atty. Gen. Kamala Harris will no longer take part in a national foreclosure probe of some of the nation’s biggest banks, which are accused of pervasive misconduct in dealing with troubled homeowners. Harris removed herself from talks by a coalition of state attorneys general and federal agencies investigating abusive foreclosure practices because the nation’sContinue reading “California breaks from 50-state probe into mortgage lenders [Updated] – latimes.com”