Archive for December, 2009
« Previous Entries Next Entries »Hey CLOs are Coming Back! I Think
Bloomberg.com just posted an article “JPMorgan Poised to Lead CLO Comeback After Record Loan Rally”. I must say I know there has been some nice “inside talk” that I have been privy to that banks would LOVE to start the CLO (Collateralized Loan Obligation) “machine” again. Lord knows it made them a lot of money [...]
Hey! Hey! Ho! Ho! Writedowns are the Way to Go!
This Laurie Goodman, an analyst at Amherst Securities, has been calling things nicely for awhile. Nicely of course being pretty much the same way we’ve been calling it for a long time on this financial crisis. Today she was on Bloomberg radio and she said basically the only way the U.S. housing market is going [...]
State Of California Doesn’t Know How To Accept $14 Fee
Reader Justin may have discovered the real reason for California’s fiscal crisis. He owes the DMV $14, but says that the DMV doesn’t seem to want his money. Which is strange, since this is the opposite of how most people think of the DMV. Maybe they don’t have any lines, either.
General Mills To Make Kids’ Cereals Slightly Less Unhealthy
Well, makers of sugary cereals have failed to convince the public that they can prevent swine flu, and that they’re a legitimate part of a healthy breakfast. Now General Mills will join Kellogg’s in reformulating heir sweetest cereals to contain less sugar.
Big D Makes Excuses
Editor’s Note–An exasperated Big D cant believe his bad fortune. And he’s going to talk about it. He also says if he doesn’t go 3-0 this week, you will get his service for free for the rest of the year. Oh wait…….just give us the winners Big Dick.–R.B.
Verizon CSR: Faster DSL Will Burn Your House Down
Michael would like some faster Internet tubes to run into his house. He would be happy to give his ISP, Verizon DSL, money to provide this service, but he can’t. He writes that repeated calls to Verizon’s sales line resulted in a series of answers that disagreed with each other, culminating in a call where [...]
Bailouts, Bonuses, and Other B.S.
Tim Geithner just said you and I and the rest of the US taxpayers are gonna lose $61bn on the AIG and Auto bailouts. Well thats gonna hit a lot of headlines and people are gonna be aghast most likely. But not you, if you’ve been reading this blog for any length of time. I [...]
Buy A New Printer When You Run Out Of Ink
If you’re sick of the high cost of toner, and don’t want to deal with messy refill kits or off-brand versions, here’s a great way to save cash and help struggling manufacturers at the same time: Just buy a new printer every time you run low on ink. Sure, you’ll have a house full of [...]
Card Skimmer Shows Up On 7-Eleven Gas Pump
Just when you thought it was safe to fill up your car while filling yourself with a Big Gulp, a credit-card skimmer has turned up on a gas pump at a 7-Eleven in Vancouver, WA. The skimmer didn’t affect transactions, so customers were able to pump gas while the skimmer quietly collected their credit-card numbers.
Our Tax Dollars Hard at Work
Come on SEC give it a rest. Yes the organization that was in charge to save us from all the tomfoolery, chicanery, assclownishness, etc has put itsline in the sand. Oh no, they didnt “bust”another Madoff by having Madoff turn himselfin. Oh nothis is much better.
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