Uncategorized
GM loses $6 Billion
5.07.09- General Motors lost $6 billion in the first quarter of 2009 as its sales of poorly built automobiles and ridiculously large SUVs collapsed 40 percent, and its revenue – to no ones’ surprise – fell by almost 50 percent. Wow! This just goes to show you how overinflated car sales were during the bubble [...]
Governemnt warns of TARP fraud
A new government report states that the Treasury’s $700 billion Troubled Asset Relief Program has morphed into a $3 trillion boondoggle of “unprecedented scope, scale and complexity” (Source: NY Times.) What’s $3 trillion among friends? The Times also noted that the report warns the TARP program is vulnerable to fraud – say it isn’t so!!
Citigroup makes dough
4.17.09- Citigroup, the beleaguered former banking giant, posted its first net profit in more than a year. What the hell is going on? Didn’t they receive about $45 billion in bailout funds? Don’t they still have piles of toxic garbage on their balance sheet? This begs me to ask: what is the relevance of reported [...]
Kim fails to launch.
4.06.09- Despite Kim Jong-il’s failed attempt to launch a satellite, he was praised by the brave puppets that surround him. He decided to order another case of single malt scotch and settled in to watch a John Wayne marathon – as millions of North Koreans go without food. (Rock on Kim!)
Tough Job Market
3.24.09- The newspapers are full of employment-related horror stories, but I just found new evidence that shows just how desperate people are to find work. I came across two postings on Craigslist that were offering cash – up to $500 – to anyone who could help find a job. Times are indeed tough; the job [...]
Madoff Goes to Jail
3.12.09- Disgraced, but dapper financier Bernard L. Madoff was handcuffed and sent to jail today after pleading guilty to running the biggest Ponzi scheme in human history. The 11 counts of fraud, money laundering, perjury and theft that Bernie pleaded guilty to carry maximum terms totaling 150 years. (My God! he’ll be 220 years [...]
Citibank Announcement
1.28.09- It’s nice to see that even after losing $28 billion in just over a year and getting almost $350 billion in federal investments and guarantees, Citibank (aka: Shitibank) has not changed its money-losing ways. I just got a fancy letter from this troubled bank informing me that my line of credit was increased to [...]
Chase Earns Money
1.15.09- My God, a large, publicly traded bank actually made money in the last quarter of the exceedingly dismal year that just passed. JPMorgan Chase declared a $702 million profit for the fourth quarter of 2008. Granted, that is down from the $3 billion it raked in a year ago, but that was before the [...]
Halloween Night Bash!
Big Halloween Bash! With hot live music and ice cold beer! And, Barti Ddu hits it at the Witching Hour!
Featuring:
Subway Surfers 10 pm
18 Wheels Burning 11 pm
Barti Ddu 12 pm
When: Halloween Night, Friday October 31
Where: Pearl Studios Showcase Theater
21 Cook St, Jersey City
(One block off Newark Street, near the Jersey City court house, [...]
Atonement in my own hands
Today is the Jewish holiday Yom Kippur, the Day of Atonement. It marks the end of the High Holy Days, also known as The Days of Awe, which started ten days ago with Rosh Hashanah, the Jewish New Year celebration. Yom Kippur is considered the most solemn day on the Jewish calendar, and it is [...]
Main Marbles
- No categories
