From the Houston Chronicle:
Lawsuit accuses bank in 'dead peasant' case
It's a short article so I won't bother summarizing but I'll offer some free, unwanted legal advice for that bank: Let the plaintiff keep that money and settle that case. I don't think you want it in front of a jury.
By most accounts, the Greater New Orleans area had a successful Mardi Gras season. It ended last night at midnight.
About today's QOTD: We have one government bailout recipient talking down another government bailout recipient.
Quote of the Day
In an e-mail to clients over the weekend, Citigroup auto analyst Itay Michaeli said, "We cut our target price to 50 cents from $3." GM shares closed Tuesday at $2.22, up 45 cents, or 25%.
James R. Healey, USA TODAY
Blog of the day here.
Quote from said blog: "It's going to be interesting to see just how much detail gets released about the make-up of both the $306 billion being ring-fenced and guaranteed by the government, and the rest of the $2.95 trillion for which Citi retains full responsibility."
My god, Rob, that's despicable. Brilliant, but despicable. The bank is toast.
My old employer had a life insurance policy on me, along with the one they gave me that paid off my beneficiaries. I didn't care for that first one at all, it kind of gave me the creeps.
Yeah, I doubt this will make it all the way to court, Mr B. It's already got more legs than that bank wants.
Dave,
Years ago, churches started suggesting that their parishioners take out policies, pay the premiums, and name their church as beneficiaries. I thought the suggestion was a little morbid. I still do.