• 29 Jan 2009 at 3:28 PM

The Santander Slash

By

The nice thing about having a bunch of branch offices, subsidiaries or related entities with a large corps of middle managers is that you have a huge cushion against the massive losses you will incur when you do such limited due diligence that you get snagged in a big Ponzi scheme. So no one here at Dealbreaker was particularly surprised when we got a totally unfounded tip which boils down to:

Santander cut through mid-management in the Boston office making it more arid than B. Arthur’s privates…or is that liquidity drying up faster than B. Aurthur?…well you know.

Color us unamazed.

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Comments (67)

Older Comments
  1. 1
    Posted by SgtJack | January 29, 2009 at 3:41 PM

    Too hole, didn’t Mass

  2. 2
    Posted by guest | January 29, 2009 at 3:45 PM

    Obama is using his bully pulpit to tell Wall Street to clean up their act regarding bonus and plane purchases, etc. The situation is fluid.

  3. 3
    Posted by guest | January 29, 2009 at 3:49 PM

    It’s Bea Arthur, D. Face.

  4. 4
    Posted by guest | January 29, 2009 at 3:55 PM

    Too sad, didn’t lycan

  5. 5
    Posted by guest | January 29, 2009 at 3:57 PM

    You know what the most retarded, ignorant-sounding company name is?
    Citicorp.
    (Seriously Vik, “corp?” Unbelievable.

  6. 6
    Posted by guest | January 29, 2009 at 3:58 PM

    “The nice thing about having a bunch of branch offices, subsidiaries or related entities with a large corps of middle managers is that you have a huge cushion against the massive losses you will incur when you do such limited due diligence that you get snagged in a big Ponzi scheme.”
    EP, good thing you don’t write for a living.

  7. 7
    Posted by guest | January 29, 2009 at 4:03 PM

    When you devour the insides of a company first its called a “Lycan Scheme”
    -The BAC Lycan

  8. 8
    Posted by guest | January 29, 2009 at 4:05 PM

    Why was the tipster trying to hate on Bea Arthur? Bea probably has more money that the tipster.
    As for Adrienne Barbeau (in the TV show “Maude”)…..now that was a healthy woman! She had a Boone and Crockett rack, as they say at Cabela’s

  9. 9
    Posted by guest | January 29, 2009 at 4:05 PM

    Obama Says Wall Street Bonuses Are ‘Outrageous’
    And I say: Obama you go and work investment banking hours for base comp! I’m switching to flipping burgers…it’s more lucrative.

  10. 10
    Posted by guest | January 29, 2009 at 4:07 PM

    All bonuses are outrageous unless I am getting them.

  11. 11
    Posted by guest | January 29, 2009 at 4:08 PM

    Too que, didn’t mierda.

  12. 12
    Posted by guest | January 29, 2009 at 4:11 PM

    Too que, didn’t mierda.

  13. 13
    Posted by guest | January 29, 2009 at 4:15 PM

    Obama can talk the talk (enuf already), now let’s see him walk the walk. Honeymoon over, Bam.

  14. 14
    Posted by guest | January 29, 2009 at 4:20 PM

    @9: When Obama is a private citizen again and making $100,000 per speech, do you think he’ll say it’s “outrageous”?

  15. 15
    Posted by Clown Capital | January 29, 2009 at 4:20 PM

    @#9
    Obama’s reference was to the large payouts in juxtaposition to the restive state of the banking industry in 2008. And if you actually READ the article, the term “outrageous” is used primarily to highlight the reproachful effrontery of the executives who paid themselves these large bonuses.
    “Reading” is fundamental…

  16. 16
    Posted by guest | January 29, 2009 at 4:26 PM

    this is getting a bit too racist. some of you need to stop

  17. 17
    Posted by guest | January 29, 2009 at 4:29 PM

    @#15
    Obama’s reference was to the large feral creatures in juxtaposition to the restive state of the villagers in 2008. And if you actually READ the article, the term “outrageous” is used primarily to highlight the rusty pitchforks and torches of the peasants who hunted these large creatures.
    “Lycans” are fundamental…

  18. 18
    Posted by guest | January 29, 2009 at 4:30 PM

    And if you threw a party,
    Invited everyone you knew,
    You would see the biggest gift would be from me
    And the card attached would say,
    Thank you for being a friend.

  19. 19
    Posted by guest | January 29, 2009 at 4:32 PM

    racist = critical

  20. 20
    Posted by guest | January 29, 2009 at 4:36 PM

    @19
    What was georges excuse?

  21. 21
    Posted by guest | January 29, 2009 at 4:47 PM

    twentyfirst

  22. 22
    Posted by guest | January 29, 2009 at 4:59 PM

    @5 – Vik didn’t coin Citicorp. It was the name of the holding company for Citibank back in the 80′s & early 90′s.

  23. 23
    Posted by guest | January 29, 2009 at 6:00 PM

    @22 – Good point, you’re right…he had to name it Citicorp, it’s not like he’s in charge or anything.

  24. 24
    Posted by Anal_yst | January 29, 2009 at 6:14 PM

    @23
    WTF else are they gonna call it, I mean, that they could actually put on a building and not offend the censors?

  25. 25
    Posted by guest | January 29, 2009 at 6:32 PM

    #23 @24 – Citilycan?
    (that looks like some sort of drug or chemical)

  26. 26
    Posted by guest | January 29, 2009 at 6:54 PM

    How stupid of the Spaniards to believe in Madoff. Sometimes these Europeans are a little too innocent and trusting of these Madoffs. In some places in Europe, the newspaper boxes are not locked, you put your coin and take your paper. Imagine those boxes in Williamsburg ? Those papers wouldnt last a minute and end up being resold.

  27. 27
    Posted by guest | January 29, 2009 at 7:14 PM

    Screw Santander. Anyone else who works at a fund knows what kind of morons comprise Santander’s alternative asset crew. It will be difficult to contain my laughter the next time I call them in Portugal

  28. 28
    Posted by guest | January 29, 2009 at 7:18 PM

    #26= Columbia junior on study-abroad

  29. 29
    Posted by guest | January 29, 2009 at 11:09 PM

    @18
    I’m not ashamed to say,
    I hope it will always stay this way.
    May hat is off,
    Won’t you stand up and take a bow?

  30. 30
    Posted by guest | January 30, 2009 at 4:20 AM

    The last time I heard “Citicorp”, women had ridiculous huge perms that made missionary sex a bit complicated and at work they wore way too much pastel colors and dresses had shoulderpads so they could look like football players.

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