wachovia
A trade group representing Japanese fishermen (see: scummy fish union) has called TEPCO — the company that owns the nuclear power plant that is currently exploding — incompetent and “unforgivable.” Specifically, the group is less than thrilled about Tokyo Electric and the Japanese government deciding to dump 11,500 tons of radioactive water into the Pacific [...]
It’s Monday, meaning a bank fell. A major bank, felled. Or didn’t fall? Just “sold off” its entire banking operations: “Citigroup will acquire the banking operations of the Wachovia Corporation, the Federal Deposit Insurance Corporation said Monday morning, the latest bank to fall victim to the distressed mortgage market.” While the F.D.I.C. chairman says Wachovia [...]
Last night the White House & Friends finalized Paulson’s $700 billion bailout plan. It’s a lot better than the original version, because both sides made Important Sacrifices. [Wall Street Journal] Oh hooray, the House is voting today on Paulson’s Famous Bailout Plan, with the Senate voting maybe as soon as Wednesday, and people for the [...]
