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  1. Hiya Retards! Everyone ignores the collapse of the Mutant Asset Bubble and I find it hilarious! Now the rats are turning on each other. I can’t wait for the stress tests! Our Banking system is insolvent!

    Text of Cuomo letter on Merrill Lynch takeover

    http://www.marketwatch.com/news/story/Text-Cuomo-letter-Merrill-Lynch/story.aspx?guid=%7BB8E72006-7E48-402A-BC65-589141E2E520%7D

    EW YORK (MarketWatch) – New York Attorney General Andrew Cuomo released the following letter he wrote on Thursday to Sen. Chris Dodd, Rep. Barney Frank, SEC Chairwoman Mary Schapiro, and Congressional Oversight Panel Chairwoman Elizabeth Warren about his investigation into Bank of America’s (BAC:

    This is to be good! I’m willing to bet that some inditements are coming down the pipe!

    Because some matters relating to our investigation involve federal agencies and high-ranking federal officials charged with managing the TARP program, we believe it is important to inform the relevant federal bodies of our current findings. We have attached relevant documents to this letter for your review.

    Ken Lewis is throwing Paulson under the bus!

    Immediately after learning on December 14, 2008 of what Lewis described as the “staggering amount of deterioration” at Merrill Lynch, Lewis conferred with counsel to determine if Bank of America had grounds to rescind the merger agreement by using a clause that allowed Bank of America to exit the deal if a material adverse event (“MAC”) occurred. After a series of internal consultations and consultations with counsel, on December 17, 2008, Lewis informed then-Treasury Secretary Henry Paulson that Bank of America was seriously considering invoking the MAC clause. Paulson asked Lewis to come to Washington that evening to discuss the matter.

    Paulson said “Take the fucking deal or your dead”!!!!!

    Bank of America’s attempt to exit the merger came to a halt on December 21, 2008. That day, Lewis informed Secretary Paulson that Bank of America still wanted to exit the merger agreement. According to Lewis, Secretary Paulson then advised Lewis that, if Bank of America invoked the MAC, its management and Board would be replaced:

    We are living is historic times! Can’t make this stuff up..

    The What

    Someday this war is gonna end…

  2. “”Topics of discussion today:
    Finance
    Art
    Architecture
    Classic Cars”
    WOW, we sound almost civilized.”

    And I had just one post so far (until now).

    Coincidence?”

    Actually, Biff, what impresses me is that DIBS is so much more culturally refined with a hangover.

  3. BRG — as long as the collection is in the Barnes mansion, it is displayed exactly the way you saw it. Barnes’s will is strict about that. He was very particular (and eccentric!!) about how he arranged his art and he wanted the world to see it that way and only that way. Unfortunately, the Barnes Foundation simply cannot afford to maintain and show the collection the way the will requires with the funds that exist in the Barnes estate plus revenues. Hence, years and years of litigation over whether the foundation should and is allowed to move the collection to show it in a space that will allow it to gain the revenue to maintain the collection. It is a weird and tortured story and ask anyone in the Philly art world and you will get quite an earful about it on one side or another.

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