It is the worst deal in the history of American finance. Hands down.UNC-Charlotte finance professor Tony Plath • Discussing Bank of America’s buyout of Countrywide four years ago, which made the company one of the biggest mortgage lenders in the world just as the market was going bust. Gotta love the timing. The company has lost roughly $40 billion (and counting) on the deal, and its stock price, which once neared $40, closed at roughly $8 at the end of Friday trading. But on the other hand, perhaps it wasn’t all bad for the economy — see, the deal put Countrywide in the hands of another company which was slightly less likely to fail. While the deal was clearly a bad move for Bank of America, the economy might not have recovered as easily if Countrywide totally crashed and burned.
Congress hereby declares that the right to life guaranteed by the Constitution is vested in each human being.The Life at Conception Act, an amendment introduced by Sen. Rand Paul • Gumming up the works of an otherwise non-controversial bill about flood insurance. The amendment to the bill also “ensure[s] equal protection for right to life of each born and preborn human person.” Senate Majority Leader Harry Reid stated he would not allow a vote on the amendment, and asked other GOP senators — who, incidentally, are the major supporters of this bill, even without Paul’s amendment — to deal with their colleague “on their side of the aisle.” An incredible hail mary for pro-life policy. source (via • follow)
"I WORK FOR JOHN GOTTI. F@*! YOU!" Someone has been dressing up as Elmo and doing their best to offend anybody in their vicinity at Central Park recently — in some cases, using anti-Semitic language. Over the weekend, things got so bad that someone in an Elmo suit left on stretcher. (Key line from the article: “Sesame Street representatives did not immediately respond to a request for comment.”) You know, compared to this, Leslie Knope's raccoon problem doesn't seem like that big of a deal. What do you think? (note: strong language in the video) source