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4 out of 5 Vultures Agree Excrement About to Go Nuclear





As much as I hate to break it to Larry Kudlow and his unending "Ted-Spread is Down" monolog, the outlook for 2009 as per some people who actually know the business, although granted are heavily axed on the apocalypse bidside, is so bad, we should all just be buying rahmen noodles, crank radios, a

 
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Schrenker Captured!





WSJ, and CNN report that Schrenker is in the custody of the Gadsden County Sheriff's Office. Lt. Jim Corder says Marcus is alive and well. Schrenker managed to traverse a distance of 275 miles, from the house he showed up at on Sunday night in Childersburg, Ala, to his current location at Tallahassee Memorial Hosptial as apparently he had slit his wrists shortly before being captured.

 
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Breaking News: Bernie Taking Kia Sorrento Back Home





District Judge Lawrence McKenna upheld the bail ruling... Guess the choppers on Lex and 64th will keep on bugging Madoff neighbor Matt Lauer indefinitely. We once again push forward the idea for converting the penthouse at 133 East 64th to a museum of Unmitigated Greed. $25 entrance fee... Start recouping those losses already!

 
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Blackstone Doesn't Owe Break-Up Fee to ADS





Insider trading powerhouse Blackstone has been granted some relief over its scuttled $6.6 Billion acquisition of Alliance Data Systems, and Delaware Chancery Court Judge Leo Strine has ruled they are off the hook for the $170 million break up fee.

 
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666 Fifth About to Go To Its Rightful Owner





Looks like the commercial mortgage apocalypse is about to claim its next victim, this time in the form of the appropriately numbered 666 Fifth Avenue building, home to such previously flourishing tenants as

 
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Zimbabwe Raised to AAA+ by S&P, Geithner Celebrates Thru Innocent Mistakes





To celebrate their new credit rating, insane dictator Robert Mugabe releases new 50 billion note, which is roughly equal to one US dollar.

 
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Wait Is Over - Nortel Files for Bankruptcy





Despite our assumption that this would be a Southern New York Case, and in fact was a Delaware filing, the overall parameters turned out right.

 
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Vikram Memo to Employees





January 14, 2009

From: Vikram Pandit

Dear Citi Colleagues,

I want to make sure you know that we’ve moved up our Q4 2008 earnings announcement to this coming Friday, January 16. Since we are ready to release 4th quarter earnings and talk about 2009 and the future, we saw no need to wait.

 
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Breaking News: Governator About to Hire Lazard to Find DIP





*SCHWARZENEGGER SAYS CALIFORNIA IS IN `STATE OF EMERGENCY'

 
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Kappa Beta Phi Exposed





A long, long time ago...
I can still remember
How the Dow Jones used to make me smile.
And I learned my trade and had my chance
The music played I did my dance
And I made seven figures for a while.
I can't remember if I cried
when they pulled the plug on Countrywide...
It sucks that Iceland is out of ice....
Bye, Bye to my piece of the pie...
Now I travel coach whenever I fly...
Maybe this will be the day that I die.

 
Tyler Durden's picture

Zimbabwe Raised to AAA+ by S&P, Geithner Celebrates Thru Innocent Mistakes





To celebrate their new credit rating, insane dictator Robert Mugabe releases new 50 billion note, which is roughly equal to one US dollar.

 
Tyler Durden's picture

Wait Is Over - Nortel Files for Bankruptcy





Despite our assumption that this would be a Southern New York Case, and in fact was a Delaware filing, the overall parameters turned out right.

 
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Meredith Whitney: Sell Financials (You Were Expecting?)





Diplomacy 101:

Maria Bartiromo: "Should people be shorting Citi at $4.53?"
Meredith Whitney: "I would diversify out of financials here."

There is a glimmer of hope: "I would be buyer of American Express.... at $15"

 
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GM - The Plane Has Crashed Into The Mountain





Conference call with slides in progress...

DETROIT, Jan. 15 /PRNewswire/ -- General Motors today provided an update on company restructuring efforts included in the viability plan submitted to the federal government last month, and announced more conservative industry volume planning assumptions to ensure the viability plan is successful even in the most challenging of markets.

 
Tyler Durden's picture

Kappa Beta Phi Exposed





A long, long time ago...
I can still remember
How the Dow Jones used to make me smile.
And I learned my trade and had my chance
The music played I did my dance
And I made seven figures for a while.
I can't remember if I cried
when they pulled the plug on Countrywide...
It sucks that Iceland is out of ice....
Bye, Bye to my piece of the pie...
Now I travel coach whenever I fly...
Maybe this will be the day that I die.

 
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