It should be readily apparent that there are an overabundance of reasons for Bank of America’s CEO, Bryan Moynihan, to be regarded as a massive rear end in a province undeniably replete with rear ends of utterly mammoth proportion. Even the adjectives in that last sentence don’t begin to do the nature of his posterior [...]
David Stern has a $16 million Florida mansion on the Intracoastal Waterway, a $20 million plus, 130-foot jet propelled yacht, four Ferraris, four Porsches, two Mercedes Benzes, one Cadillac and a Bugatti.
Last month, the Massachusetts Supreme Court ruled against two banks, Wells Fargo and US Bankcorp, who had each foreclosed on homes and were now asking a judge to declare that they held clear title to the properties in fee simple.
Some months this column is harder to write than others… this month it practically wrote itself. There’s no reason you should know the name, Martin Joel Erzinger. He’s a 52 year-old private wealth manager, who manages more than $1 billion for uber-rich clients of Morgan Stanley/Smith Barney in Denver, Colorado. Well, apparently [...]
Almost as soon as the polls had closed this past November and the midterm elections were behind us, Senate Minority Leader Mitch McConnell (R-KY) stated that making sure that Obama is a one-term president was the GOP’s most important priority. Well, first let me state the obvious… McConnell is a knows nothing. If [...]
Yeah, I know… you’re thinking I picked an easy target. Like, maybe I’m getting lazy. Almost like going hunting and shooting a deer wearing bifocals and pushing a walker. Well, not true, my jump-to-conclusions friend. I didn’t want to go after the man who thinks bankers should always be bailed out, but never [...]
Without question, Elizabeth Warren should be appointed to head up the new Consumer Financial Protection Bureau, which has been created as a result of the recently passed financial reform bill. Her appointment is easily the single most important appointment to a government post in my lifetime. If you think I’m being dramatic, I assure [...]
You know, I’ve spent a lot of time this past year darn near speechless at what’s been happening in this country. I don’t know whether you’ve realized it or not, but we’ve blown right through whatever tipping point there was, and we are going down where we’ll stay for some time. In fact, the [...]
Lloyd Blankfein, John Mack, Vikram Pandit, Jamie Dimon, Brian Moynihan, Et Al. Those names should ring some bells by now, but in case you can’t place them all, they are the names of the CEOs of Goldman, Morgan, Citi, JPM Chase, and the new guy at BofA who replaced Kenny Lewis at the beginning [...]
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