‘Expendables’ seizes top box office spot with M
Sylvester Stallone has proven that he’s not quite expendable yet at the box office. Stallone and his pumped-up pals lifted Lionsgate’s 1980s-style action romp “The Expendables” to a No. 1 debut with million, according to studio estimates Sunday.
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From California AG Jerry Brown: Brown Orders Mortgage Foreclosure Consultants to Post $100,000 Bond or Face Prosecution (ht Matt at O.C. Register ) Threatening possible criminal and civil prosecution, Attorney General Edmund G. Brown Jr. today ordered 386 mortgage foreclosure consultants to post $100,000 bonds and register with his office.…
From the WSJ: Feeling Roomy, J.P. Morgan Shops Its Space (ht BR) J.P. Morgan Chase & Co. is marketing 23 office properties … with a combined 7.1 million square feet of space, includes four notable towers: One Chase Manhattan Plaza, near Wall Street; Four New York Plaza, also in the…
This is an unofficial list of Problem Banks. The list is compiled from regulator press releases or from public news sources (see Enforcement Action Type link for source). The FDIC data is released monthly with a delay – the most recent data is from June 30th. The Fed and OTC…
From Costar: Post Office Looking at Consolidation of 3,243 of its 4,851 Largest Branches and Stations (ht John) The Postal Service sent a notice to American Postal Workers Union executives this summer that it was considering consolidation options in every major metro market in the country and would consider closing…
Bair’s Cash for Clunkers Hasn’t run out of money Four traded so far. by Soylent Green is People From the FDIC : Herring Bank, Amarillo, Texas, Assumes All of the Deposits of First State Bank of Altus, Altus, Oklahoma First State Bank of Altus, Altus, Oklahoma, was closed today…
And now for something a little different… I recently read a fantastic article by Paul Graham entitled Maker’s Schedule, Manager’s Schedule , in which Graham outlines that people who “make” things run by a much different work schedule than those who “manage” things. A key excerpt: There are two…
Fed Chairman Ben Bernanke kicks off his reappointment tour with a town hall meeting today in Kansas City, Mo. Jim Lehrer will host. From Don Lee at the LA Times: Chairman Ben Bernanke confronts challenges to Federal Reserve’s record With his term expiring Jan. 31 and his reappointment a question…
One of our clients is an LO here in Atlanta. Let’s call him Bob. Bob is what I consider to be a “low cost provider”. He gives his borrowers very aggressive pricing. He’s not the greatest customer service guy I’ve ever met. But if you’re looking for a deal…
Note: Credit Default Swap (CDS) is an insurance contract for a credit instrument. A naked CDS is when someone buys insurance for an underlying asset that they do not own (like buying fire insurance on a neighbor’s house). A put option on a stock is somewhat similar – and you…