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Senator Carl Levin was prompt in his condemnation of the CEO's insane spending habits: "The notion of Citigroup spending $50 million on a new corporate jet, even as it is depending on billions of taxpayer dollars to survive, does not fly.

Nobody could have possibly foreseen this.

Nobody could have possibly foreseen this.

Nobody could have possibly foreseen this.

"The streamlining will constitute of 1,800 layoffs and 1,600 voluntary retirements and departures."

Voluntary??? No more Friday donuts?

Full PR here.

According to an article in this morning's edition of Women's Wear Daily ($$$ link), the DC Shoes division of sportsware maker Quiksilver could be sold to VF Corp in as soon as a few weeks, and that upon a successful consummation of the deal, Nike could purchase Quiksilver

According to an article in this morning's edition of Women's Wear Daily ($$$ link), the DC Shoes division of sportsware maker Quiksilver could be sold to VF Corp in as soon as a few weeks, and that upon a successful consummation of the deal, Nike could purchase Quiksilver

According to an article in this morning's edition of Women's Wear Daily ($$$ link), the DC Shoes division of sportsware maker Quiksilver could be sold to VF Corp in as soon as a few weeks, and that upon a successful consummation of the deal, Nike could purchase Quiksilver

Don't say we didn't warn you...

As Bloomberg reported last week, Tuesday, January 27, may be much more than consumer confidence / Case-(C)hiller day. On Tuesday the Federal Housing Finance Agency, the government oversight agency run by Jim Lockheart, will announce a new set of parameters for capital requirements and investment restrictions for Freddie, Fannie, and the Federal Home Loan Banks. Freddie and Fannie, which were nationalized in September, hold a combined $1.7 trillion in mortgages between them.

With MTA ridership about to to fall off a cliff once the new fare hike takes place, and the only time New Yorkers take cabs these days is to get to ever rarer interviews, mayor Bloomberg has recently come up with a scheme to boost mass transit tax collections. It seems that NY is considering a taxi sharing program to promote group ridership.

With MTA ridership about to to fall off a cliff once the new fare hike takes place, and the only time New Yorkers take cabs these days is to get to ever rarer interviews, mayor Bloomberg has recently come up with a scheme to boost mass transit tax collections. It seems that NY is considering a taxi sharing program to promote group ridership.