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.