The big breaking news this evening is the resignation of Bank of America‘s embattled CEO Ken Lewis (damn, I’ve had to type the phrase “embattled CEO” a lot this year) which will take effect on January 1st. There was plenty of speculation that this would happen as investigations into the Merrill acquisition scandal began to…
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Dodd-Watch: Peter Schiff Needs to Commit for CT's Sake
[vodpod id=Groupvideo.2723133&w=425&h=350&fv=autoplay%3Dfalse] Gail Collins wrote a balanced watered-down Op-Ed in the New York Times yesterday about how busy Connecticut Senator Chris Dodd‘s been over the last year, sponsoring basically every bill that comes before the Senate. Yes, you always want to look busy in the workplace to cover up ineptitude. Collins works in Dodd’s incredibly…
Get Your Official "Free Angelo" T Shirt
Be the first kid on your block to own the Official “Free Angelo” T Shirt and help support a great cause. Because no one who helps orchestrate one of the largest financial catastrophes in US history should be abandoned in their time of need. The Official Angelo Mozilo T Shirt comes in all sizes and can also be…
Hot Links: Lemonade, Eschatology & The Gotti Foreclosure
Hot Links for Weekend Reading Let’s kick it off with something that’s both outrageous and smart, Johnny Debacle goes ape$hit on the business practices of a kid’s corner lemonade stand. Here’s a taste: This Lemonade Stand was founded on a promise of fresh beverages to keep you cool on a hot day. Instead, management oversees…
CEO Dead Pool: Pandit Vs Lewis
CEO Vikram Pandit Kenneth Lewis Company Going Against Him Slow to cut costs, snowballing losses, spins all results positively, voracious consumer of taxpayer funds Bad acquisition of Countrywide, worse deal for Merrill, bonus scandal, gorged on i-bankers at peak of market Going For Him Engineering background, Suaveness. Southern…
The Career Politician Who Sucks at Politics
I’ve really only heard Christopher Dodd‘s name peripherally over the years. The Career Democratic Senator from Connecticut’s name has been popping up more and more now that his constituents are starting to learn about how much he loves rogue financial corporations. From the New York Times: Across Connecticut, anger is erupting against Mr. Dodd, the…
