TARP

Zombie Bank Showdown in the Met Life Building

Cue rolling tumbleweeds… Is the lobby of the Met Life Building (200 Park Avenue) big enough for two bank branches facing each other across a 20 foot hall?  Are New Yorkers so lazy that they literally need an ATM on both sides of the hall? Coming up from Grand Central every morning via the escalator…

Hot Links

Hot Links Weekend Reading: The always erudite Equity Private wrote two great posts this week on Dealbreaker.  The first was a satirical how-to guide to escaping capture after a “Massive Financial Fraud“.  The advice includes “Don’t Watch CSI” and “Have a Plausible Explanation for Why Your Body isn’t Found”. He also wrote a timely and…

The Quesadilla That Changed My Mind About The Bailout

I kid you not, readers, he literally uttered the word “Citigroup” and his quesadilla was packed in a bag with plastic utensils and napkins, and he was out the door. No one asked him for ID or made a note anywhere of what he was eating that day. He just said “Citigroup” and bounced. I was on line to pay behind him with my own chicken quesadilla and a bottle of Diet Pepsi…cost to me as a non-Citigroup employee: $9.85 plus tax.

Who Else Could Become a Bank Holding Company?

General Motor’s GMAC unit had recieved approval to become a bank holding company…
But here’s the more interesting question…who else could/should apply to become a bank holding company? Below is my not-so-serious list of candidates as more companies and industries look for shelter in this, our Greatest Depression.