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Tuesday

Mar312009

« Bailout AIG Animated Comedy: Obama, Biden, Geithner and Clinton Get Some Help From Abe Lincoln (Video) »

Unsure of exactly how to handle the AIG crisis, Team Obama decides to inject Lincoln's corpse with stem cells and bring honest Abe back to deal with the AIG bailout.

Tuesday, March 31, 2009 at 1:49AM |

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Paul Krugman

America the Tarnished

http://www.nytimes.com/2009/03/30/opinion/30krugman.html?_r=1&ref=patrick.net

March 31, 2009 |

DailyBail

March 30 (Bloomberg) -- Four days after U.S. lawmakers berated Financial Accounting Standards Board Chairman Robert Herz and threatened to take rulemaking out of his hands, FASB proposed an overhaul of fair-value accounting that may improve profits at banks such as Citigroup Inc. by more than 20 percent.

The changes proposed on March 16 to fair-value, also known as mark-to-market accounting, would allow companies to use “significant judgment” in valuing assets and reduce the amount of writedowns they must take on so-called impaired investments, including mortgage-backed securities. A final vote on the resolutions, which would apply to first-quarter financial statements, is scheduled for April 2.

http://www.bloomberg.com/apps/news?pid=20601109&sid=awSxPMGzDW38&refer=patrick.net

March 31, 2009 |

DailyBail

GM CEO gets $23 million estimated pension

http://www.msnbc.msn.com/id/29960407?ref=patrick.net

March 31, 2009 |

DailyBail

Hilarious! Spot on characterizations of everyone.

March 31, 2009 |

DED

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