Bloomberg reports that Bank of America will provide “a limited amount of additional loans” to Republic Windows & Doors, surely due to Illinois Governor Rod Blagojevich’s attempt to cut Ken Lewis off at the knees yesterday, and not because Obama threw some support their way. No word on whether or not the Rodmeister, who’s been released on $4,500 bail, has given Illinois his blessing to do business with the bank again.
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Furst?
we dont give LOC for payroll
Well, the banks are putting their money into T-bills that have a negative rate of return so maybe this isn’t such a bad deal for B of A.
Bago just did B of A a solid.
How perfect is the fact that the acronym for the permit needed to build a hospital in the State of Illinois is known as a “CON”??!!!
Disgusting bunch of criminals – and this cannot be an anomaly in the system!
“State law required an entity seeking to build a hospital,medical office building, or other medical facility in Illinois to obtain a permit, known as a
“Certificate of Need” (“CON”), from the Planning Board prior to beginning construction.”
Victorious?? Yeah – I am sure he is celebrating right now with a bottle of vodka and a .45! Most probably he is on a private jet secreting him off to Serbia as we speak! Bail for this guy? No flight risk?
Bail of $4,500 for someone who could appoint a senator to Congress? Another example of our messed up justice system.
@2 you got that right – if you’re borrowing for payroll in this climate you can kiss your ass goodbye along with the loan.
We have not seen the end of government strong arming loans.
Blagojevich is such a moron. Explicit deals are limited in scope, dangerous, and unnecessary.
Politicians _control_ enormous wealth. Agencies, regulations, tax and trade policy — and now, companies like BofA on the Fannie Mae plan. You don’t sell that, you _barter_ it. You take some personal favors, but mostly political favors, directed to people who will later do you personal favors. You invest in relationships, which last longer and create no admissible evidence. And you can cloak the whole thing as “public service”.
Welcome, my friends, to the New Aristocracy.
FUCK
WHY DID JULIA BOORSTIN CUT HER HAIR?
I had dreams of pulling on it while fucking her from behind
@5- meet my friend sarcasm.
This sets a very very dangerous precedent
#8 Cuomo?
@ 11
Actually, it’s spelled “president”.
Don’t piss off the guy who is taking over the fund that is your largest shareholder.
If you read the complaint filed by the FBI agent you would have to conclude that Blogo acted like a criminal, but also sounded desperate and delusional. What’s the Illinois legislature doing right now? Next step is impeachment if he doesn’t resign, but it does sound like he really pissed off the wrong crowd. And his cronies must be scared shitless right now.
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If I were Blago I would appoint Wierd Al Yankovich (a fellow Serbian American) or Mr. T as soon as possible before they change the law.