LOLFed

Emo Bernanke, LOLTraders and Schadenfreude, Oh My

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Weekend Links And POLL: A Tidy Cell For Dick Fuld?

Mar 13, 2010 12:51pm

Charlie Gasparino writes this weekend on why, despite the obvious shiftiness in the recent report on why Lehman Brothers failed, Dick Fuld will never have the shadow of the bars of a prison cell cast upon his face. Poll: Hickory, Dick-ory…answers I won’t bother asking if you think there will be...

Yellen About ZIRP

Mar 13, 2010 8:57am

As you probably know, there’s a vacancy at the Fed in the vice chair position. A frontrunner has emerged – Janet Yellen, currently at the SF Fed branch and a big fan of the ZIRPstravaganza: Appointing Yellen, 63, who was unavailable for comment Friday, would reinforce Fed Chairman Ben S. Bernanke’s...

Lehman Faked It, Timmay Knew It, That Settles It?

Mar 11, 2010 9:20pm

There is a massive, 2,200 page tome that was released yesterday that goes into excruciating detail as to why Lehman failed. Anton Valukas, the examiner, assuredly had a lot to work with. We weren’t quite expecting an encyclopedia, but we guess we shouldn’t be surprised either. And what did he...

BankFailFriday Gets An Early Start

Mar 11, 2010 7:53pm

FDIC shuts down another bank, ships its deposits to Jersey. LibertyPointe was ordered to cease and desist with the excessively risky lending back in August, but, as is typical, regulators stepped in way too late to stop the bank from eventually boarding the failboat. (LP’s nonaccruing loans were about 3x...

El Hombre Mas Rico No Es Gates O Buffett

Mar 11, 2010 6:19am

Forbes shows how much it hates America by not naming an American as the world’s richest man, for the first time in sis hundred years or something. This year’s champion is Mexican Monopolist Carlos Slim, with $53.5b to his name, with Gates and Buffett taking silver and bronze, respectively. How could...