• 05 May 2009 at 6:22 PM

Write-Offs: 05.05.09

By Equity Private

$$$ U.S. to Set Condition for Banks Repaying TARP [WSJ]
$$$ Bankruptcy Sleuths Find Cash in Trader Receipts for Lap Dancers [Bloomberg]
$$$ U.K. Rich Threaten to Leave Because of Taxes [Wealth Report]

Comments (10)

  1. 1
    Posted by BSD | May 5, 2009 at 7:40 PM

    Don’t think you guys posted Cliff’s letter to Obama: http://www.businessinsider.com/henry-blodget-this-hedge-fund-managers-not-afraid-of-big-bad-obama-2009-5

  2. 2
    Posted by guest | May 5, 2009 at 7:45 PM

    Say what you want about Cliff, but this is one ass kicking letter:http://dealbook.blogs.nytimes.com/2009/05/05/a-hedge-fund-manager-strikes-back-at-obama/#more-57645

  3. 3
    Posted by guest | May 5, 2009 at 9:29 PM

    If Marx lived long enough, he might posit “Credit is the opiate of the masses”. A populace of fat and happy masses encased in a consumption coma… Political Nirvana!

  4. 4
    Posted by Joseph di Jersey City | May 5, 2009 at 10:53 PM

    With the top 1% of income earners already paying as much as the bottom 95% in the U.S. you can best believe that people will get creative now that top income tax rates are being raised. With NY implementing a 10% income tax on top of the 40% federal rate, I suspect many will move to low or no tax states. For example, Wyoming has no income tax and the highest per capita income county in the country (see http://www.bea.gov/newsreleases/regional/lapi/lapi_newsrelease.htm). I wonder why.

  5. 5
    Posted by guest | May 5, 2009 at 11:03 PM

    @4
    The effective federal tax rate of the top 400 earners is just 17%. Boo hoo!

  6. 6
    Posted by guest | May 5, 2009 at 11:34 PM

    BAC needs $34 billion more of capital?
    That sounds like a lot.
    Cheers B1tches,
    Tanned Banker

  7. 7
    Posted by guest | May 5, 2009 at 11:37 PM

    @5
    Don’t worry comrade, soon we will all soak the rich. Let our children sing his praises!
    Yes He Can! Yes He Can!

  8. 8
    Posted by guest | May 6, 2009 at 12:07 AM

    It’s ridiculous that BAC should be able to ask for money from us. Those bastards will fee you to death when they can, and they do! They mislead to get you to be a customer, and then financially rape you until you’re bankrupt or you have spent every last penny to get yourself out of their grip. Now they want my help? “F- Them”!
    Banks, Big Oil, Big Pharma, Big Politics, we’ll need a huge World War III to happen to get the planet straightened out! Again “F” Bank of America. Not my bank anymore, and “F” Capital One Too! Nevr again in my wallet!

  9. 9
    Posted by guest | May 6, 2009 at 12:48 AM

    “alleged fondness for boozy lap dances”
    Jail for him.
    Alleged indeed.

  10. 10
    Posted by guest | May 6, 2009 at 7:42 AM

    -@8
    Please put your bong down.

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