December 28 - January 3, 2009
Friday, Jan. 2
The FDIC will be selling the failed Pasadena bank to an investment group for $13.9 billion. No details on what's in store. $MTEntryExcerpt$>
Wednesday, Dec. 31
There were a few fortunate shareholders of locally based companies, but overall it was a terrible year to own stocks. $MTEntryExcerpt$>
The Dow started the year at 13,338. It finishes at 8776. Not that it much matters but the index gained 108 points in the final day of trading. $MTEntryExcerpt$>
There are certain guideposts that can be useful in monitoring when and how the economic turnaround takes place. $MTEntryExcerpt$>
Those cursed What's In, What's Out lists that come out this time of year should definitely include economic forecasts as being on the outs. $MTEntryExcerpt$>
Fannie Mae is supposedly delaying the sale of the failed Pasadena bank, according to a posted report.
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Madoff assets to be revealed, Viacom and Time Warner in cable dispute, involuntary bankruptcy for Ezri Namvar, and SAG revolt building. $MTEntryExcerpt$>
Tuesday, Dec. 30
Kevin Bacon and his wife Kyra Sedgwick got slammed, big time, as did former Salomon Brothers economist Henry Kaufman. $MTEntryExcerpt$>
The Web site Gizmodo got Apple watchers into a dither this afternoon by reporting that the CEO is in rapidly declining health. $MTEntryExcerpt$>
The automaker's financing company, having just received federal help, will modify its criteria so that more folks can take out auto loans. $MTEntryExcerpt$>
Clothing makers aren't thrilled about some of their merchandise being discounted so heavily this holiday season.
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L.A. home prices take dip (but other cities fare worse), gas prices inch up, very little consumer confidence, and Tribune's legal bills. $MTEntryExcerpt$>
Monday, Dec. 29
The economist/lawyer/columnist/actor says he was approached two years ago about investing with Madoff. He passed. $MTEntryExcerpt$>
Gossip centers on the alleged scamster having some sort of mental break or perhaps a multiple personality disorder.
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Anything went at WaMu, still waiting for IndyMac sale, Hollywood has strong holiday, and Madonna is tops in 2008. $MTEntryExcerpt$>
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