Daily Archives: January 4, 2009
My relief for the horses was premature
I earlier posted that there was no sign of horses near George Lindemann Jr.’s house in Florida and that the poor creatures were therefore safe from his attentions. But I now fear that the house was misidentified and actually belonged … Continue reading
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Commercial real estate next set of woes for banking industry?
That’s what the NYT thinks. I don’t disagree, which surprises me.
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Commerce Secretary Down, Secretary of State to Follow?
Give money, get political favors. Something the Clintons have never done before – why’d they start now?
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So much for the post below
Franken to be declared winner in Minnesota. Thanks to anonymous for sending me the story and dampening my mood this evening. I just wish it weren’t true that we get the government we deserve.
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The world is saved!
My number one prediction for 2009, besides economic disaster, is that we will witness the end of the global warming hysteria. I expected that prediction would come true only near the end of the year but if the Huffington Post … Continue reading
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Unlike Fairfield Greenwich, Merrill had other sources of income
Merrill Lynch saw Madoff’s fraud, passed on investing.
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Old news but I missed it
From the Onion – perspective on the Obama victory.
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If they’re all on Wall Street, I guess that’s okay
Obama: 600,00 new government jobs. Hoo boy – is there anyone out there besides me who is dismayed to see us becoming Sweden?
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Fairfield Greenwich Group Update?
At least publicly, FGG has remained silent since December 16th when it expressed its shock that Bernie Madoff had screwed them. I notice on their website, however, that they have a “special message” for FGG investors. No date on that … Continue reading
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Bloomberg: Short term prospects for retail, manufacturing bleak
Oh well, there’s always the third quarter.
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Bernie’s victims restate their losses
Many of the institutions and individuals who lost money are recalculating those losses to account for the fact that much of what they “lost” were earnings that never existed in the first place. Probably not enough of a reduction to … Continue reading
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More on Madoff – the gift that keeps on giving
Caroline Waxler at Business Sheets .com has some fascinating tidbits on Bernie’s personality – turns out he was an anal retentive, petty tyrant. Good – that should make retrieving his records easier, no? Is Walt sweating yet? Best pun of … Continue reading
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Catch and release
The French (!) captured 19 pirates but “turned them over to the Somali government”. There is no Somali government. Pirates used to be hanged at sea by whoever caught them. If the law’s changed since then, we should change it … Continue reading
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And this is different from Hillary Clinton how?
Richardson withdraws as Commerce Secretary – “pay to play” grand jury investigation.
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Walter Noel and his southern relatives
Mum’s the word on South American losses. But this last paragraph might cause our Round Hill Road resident to hesitate before visiting his friends in Colombia: “A lot of wealthy Colombians got burnt,” said one leading Bogota businessman. But to date, … Continue reading
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Accidental Landlords
Homeowners can’t sell so they rent. Advantages and pitfalls outlined in this Hartford Current article.
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News Flash – residential real estate market’s not so good
I missed this Wall Street Journal on New Year’s day. The following gives a good taste of the article’s tone: “I thought it would be a bad year,” said Mark Zandi, chief economist at Moody’s Economy.com. “I didn’t think it was … Continue reading
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Frugal traveller – They once offered me a chance to stay overnight for free
Boston’s Charles Street jail is now the hot-spot “Liberty” (dig that irony) hotel – $355 a night and up, but the food’s probably better than it was.
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The surprising thing is that it sold at all
With apologies to Dr. Johnson. Business Sheets reports that a mega mansion in LA finally sold for $8,000,000, wich is a tad less than its original asking price of $15 million but still, an $8 million sale is an $8 … Continue reading
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