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banks

No News is Bad News

Tony Manfred  —  Apr 20, 2011

The Senate released a 650-page report attributing the 2008 financial crisis to high-risk loans, conflicts of interest and failed regulation on Wall Street; so, Sun columnist Tony Manfred '11 asks, why isn't anyone talking about it?

Time to Point Fingers

Tony Manfred  —  Mar 25, 2009

Mustachioed Iraq War cheerleader and capitalism-at-all-costs New York Times columnist Thomas L. Friedman’s latest op-ed, entitled “Are We Home Alone?” calls on government officials to act “larger than the moment,” to provide its ailing, apparently infantile country with “inspirational leadership.” The millionaire hack laments classically lamentable American mainstays like partisanship and politics as usual and the public’s distaste for the nightly news. He talks about the need to stop vilifying public figures and italicizes the words our country in a way that connotes those suicide-inducing “This is ouurrr country!” Chevy commercials. This guy even wants the Big O to deliver a fireside chat, F. Delano-style, to bolster the ol’ national spirit.

N.Y. Judge Blocks Wells Fargo-Wachovia Deal

The Associated Press  —  Oct 5, 2008

NEW YORK (AP) — The fight over control of Wachovia intensified Saturday, as a judge temporarily agreed to block the sale of the bank by Wells Fargo, Citigroup announced in a news release.

State Supreme Court Justice Charles Ramos issued the order blocking the sale of Wachovia Corp., which Wells Fargo & Co. had agreed to purchase in a $14.8 billion deal.

Citigroup Inc. accused Wells Fargo of trying to cut off its earlier takeover offer of Wachovia's banking operations for $2.1 billion in a deal struck with the assistance of the Federal Deposit Insurance Corp. On Friday, four days after that deal was struck, Wells Fargo said it was buying Wachovia.

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