Re: unintended long arrow
marika
I also heard that AMerican Express having become a bank has now
applied for bailout funds
at this point we are being asked to share the pain, so why not the wealth
"marika" <marik...@gmail.com> wrote in message
news:sKGdnWng28NfW0_U...@rcn.net...
> On the other hand AMEX may be so savvy they have figured out how to
> cash in on this thing and have had scenarios planned for a long time.
> i hope that's the one
>
> "marika" <marik...@gmail.com> wrote in message
> news:56OdnfHjZe1uWE_U...@rcn.net...
>> from the ny times in November
>>
>> The news that the government will not buy soured mortgage assets,
>> along with a string of poor corporate earnings, disheartened investors
>> on Wednesday, sending the markets down for a third straight day this
>> week. The Dow Jones industrial average fell 411.30 points, or 4.7
>> percent, to close at 8,282.66.
>>
>> I say: I don't get it. We were supposed to recoup the bailout money
>> when the mortgage bond market became unfrozen, and they could resell
>> the bonds to the tune of a very great profit that would more than
>> compensate the american taxpayer.
>>
>> I told you they were lying and now I am proved right.
>> At least with the original plan, there was some glimmer of payback
>> this however is a hoax and was on day one
>>
>> "marika" <marik...@gmail.com> wrote in message
>> news:vO2dnZYdM_5KWU_U...@rcn.net...
>>> well I am glad to see that Kucinich was at least nailing Kashkari. I
>>> don't know what he is doing now but this was good
>>>
>>> The fact that he suspects as much as I do is somewhat telling
>>>
>>> he got grilled mercilessly in March
>>> Kashkari not Kucinich
>>> with exhortations that he should resign because he has no clue what he
>>> was doing
>>> good to keep them on their toes
>>> and they should hire me
>>> I would be transformative
>>> and LOOK KUCINICH mentioned the tarp bonus problem way back in November
>>> no one was paying attention
>>>
>>>
>>> http://www.abcnews.go.com/Blotter/WallStreet/story?id=6230441&page=1
>>> Lawmakers Demand to See Bailout Chief
>>> Neel Kashkari to Testify Before Congress on Friday.
>>> By JUSTIN ROOD
>>> November 11, 2008
>>> The Treasury Department's top bailout official will testify before
>>> Congress Friday, after two congressmen wrote to demand he appear.
>>>
>>> Assistant Treasury Secretary Neel Kashkari listens on Capitol Hill in
>>> Washington, Thursday, Oct. 23, 2008, during a Senate Banking Committee
>>> hearing on the U.S. financial crisis.
>>> (Gerald Herbert/AP Photo)
>>> The department rejected an earlier request by Reps. Dennis Kucinich,
>>> D-Ohio, and Darrell Issa, R-Calif., for Neel Kashkari, Interim
>>> Assistant Secretary for the Treasury for Financial Stability, to
>>> appear at a hearing slated for Friday, the two lawmakers said.
>>>
>>>
>>> Kucinich and Issa are the chairman and ranking member of the Domestic
>>> Policy Subcommittee of the House Oversight and Government Reform
>>> Committee, respectively.
>>>
>>>
>>> Kashkari's appearance is "imperative," the two told Treasury Secretary
>>> Henry M. Paulson, Jr., in a letter dated Tuesday. "There are serious
>>> questions," the duo said, whether the $700 billion Troubled Assets
>>> Relief Program could actually stabilize the economy, as Congress and
>>> the Bush administration intended.
>>>
>>> Related
>>> Who's Minding the Bailout?Wall Street Titans Blasted on Capitol
>>> HillComplete Blotter Coverage: Wall Street of Shame
>>> Kashkari testified before a Senate panel late last month. But his
>>> testimony - and subsequent responses from Treasury officials to House
>>> staffers -- were mostly "generalizations," the lawmakers wrote
>>> Paulson.
>>>
>>>
>>> Kucinich and Issa cited news reports that banks have used some of the
>>> $250 billion from TARP to buy other financial institutions and pay
>>> bonuses - not to make new loans and thaw credit markets, which the
>>> economy needs.
>>>
>>>
>>> "The time has come for the Treasury Department to speak clearly and
>>> definitively to Congress and the American people about its plans for
>>> the extraordinary sums Congress has authorized," the lawmakers wrote.
>>
>
marika
This just doesn't look good. In light of these closing and who knows what
else will be closing, it might be good to have your bank load a gift Visa
card instead of giving a gift card for a specific company or store for those
loved ones that you might be considering giving gift cards to
> STORE CLOSINGS AND LAYOFFS
>
>
>
> Ann Taylor closing 117 stores nationwide. A company spokeswoman said
> the company hasn't revealed which stores will be shuttered. It will let
> the stores that will close this fiscal year know over the next month
>
>
> Eddie Bauer to close more stores. Eddie Bauer has already closed 27
> shops in the first quarter and plans to close up to two more outlet
> stores by the end of the year.
>
>
> Cache closing stores. Women's retailer Cache announced that it is
> closing 20 to 23 stores this year.
>
>
> Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide. The
> owner of retailers Lane Bryant , Fashion Bug , Catherine's Plus Sizes
> will close about 150 under performing stores this year. The company
> hasn't provided a list of specific store closures and can't say when it
> will offer that info, spokeswoman Brooke Perry said today.
>
>
> Talbots, J. Jill closing stores. About a month ago, Talbot's announced
> that it will be shuttering all 78 of its kids and men's stores. Now the
> company says it will close another 22 under performing stores.. The 22
> stores will be a mix of Talbot's women's and J. Jill , another chain it
> owns. The closures will occur this fiscal year, according to a company
> press release.
>
>
> Gap Inc. closing 85 stores. In addition to its namesake chain, Gap also
> owns Old Navy and Banana Republic . The company said the closures - all
> planned for fiscal 2008 - will be weighted toward the Gap brand.
>
>
> Foot Locker to close 140 stores. In the company press release and
> during its conference call with analysts today, it did not specify where
> the future store closures - all planned in fiscal 2008 - will be. The
> company could not be immediately reached for comment
>
>
> Wickes is going out of business. Wickes Furniture is going out of
> business and closing all of its stores, Wickes, a 37-year-old retailer
> that targets middle-income customers, filed for bankruptcy protection
> last month.
>
>
> Goodbye Levitz / BOMBAY - closed already. The furniture retailer, which
> is going out of business. Levitz first announced it was going out of
> business and closing all 76 of its stores in December. The retailer
> dates back to 1910 when Richard Levitz opened his first furniture store
> in Lebanon , PA. In the 1960's, the warehouse/showroom concept brought
> Levitz to the forefront of the furniture industry. The local Levitz
> closures will follow the shutdown of Bombay ..
>
>
> Zales, Piercing Pagoda closing stores. The owner of Zales and Piercing
> Pagoda previously said it plans to close 82 stores by July 31. Today, it
> announced that it is closing another 23 under performing stores. The
> company said it's not providing a list of specific store closures. Of
> the 105 locations planned for closure, 50 are kiosks and 55 are stores.
>
>
> Disney Store owner has the right to close 98 stores. The Walt Disney
> Company announced it acquired about 220 Disney Stores from subsidiaries
> of The Children's Place Retail Stores. The exact number of stores
> acquired will depend on negotiations with landlords. Those subsidiaries
> of Children's Place filed for bankruptcy protection in late March. Walt
> Disney, in the news release, said it has also obtained the right to
> close about 98 Disney Stores in the U.S. The press release didn't list
> those stores.
>
>
> Home Depot store closings. (E. Brunswick, Rt 18 just put up their
> closing sign) ATLANTA - Nearly 7+ months after its chief executive said
> there were no plans to cut the number of its core retail stores, The
> Home Depot Inc. announced Thursday that it is shuttering 15 of them amid
> a slumping U.S. economy and housing market. The move will affect 1,300
> employees. It is the first time the world's largest home improvement
> store chain has ever closed a flagship store for performance reasons.
> Its shares rose almost 5 percent. The Atlanta-based company said the
> under performing U.S. stores being closed represents less than 1 percent
> of its existing stores. They will be shuttered within the next two
> months.
>
>
> CompUSA (CLOSED) clarifies details on store closings. Any extended
> warranties purchased for products through CompUSA will be honored by a
> third-party provider, Assurant Solutions. Gift cards, rain checks, and
> rebates purchased prior to December 12 can be redeemed at any time
> during the final sale. For those who have a gadget currently in for
> service with CompUSA, the repair will be completed and the gadget will
> be returned to owners. http://www.news.com/8301-10784_3-9834177-7html
> <http://www.news.com/8301-10784_3-9834177-7html>
> <http://www.news.com/8301-10784_3-9834177-7.html
> <http://www.news.com/8301-10784_3-9834177-7.html>
>
>
> Macy's - 9 stores
>
>
> Movie Gallery - 160 stores as part of reorganization plan to exit
> bankruptcy. The video rental company plans to close 400 of 3,500 Movie
> Gallery and Hollywood Video stores in addition to the 520 locations the
> video rental chain closed last fall.
>
>
> Pacific Sunwear - 153 Demo stores
>
>
> Pep Boys - 33 stores
>
>
> Sprint Nextel - 125 retail locations. New Sprint Nextel CEO Dan Hesse
> appears to have inherited a company bleeding subscribers by the
> thousands, and will now officially be dropping the ax on 4,000 employees
> and 125 retail locations. Amid the loss of 639,000 postpaid customers in
> the fourth quarter, Sprint will be cutting a total of 6.7% of its work
> force (following the 5,000 layoffs last year) and 8% of company-owned
> brick-and-mortar stores, while remaining mute on other rumors that it
> will consolidate its headquarters in Kansas . Sprint Nextel shares are
> down $2.89, or nearly 25%, at the time of this writing.
>
>
> J. C. Penney, Lowe's and Office Depot are scaling back
>
>
> Ethan Allen Interiors: The company announced plans to close 12 of 300+
> stores in an effort to cut costs.
>
>
> Wilsons the Leather Experts - 158 stores
>
>
> Pacific Sunwear will close its 154 Demo stores after a review of
> strategic alternatives for the urban-apparel brand. Seventy-four under
> performing Demo stores closed last May.
>
>
> Sharper Image: The company recently filed for bankruptcy protection and
> announced that 90 of its 184 stores are closing. The retailer will still
> operate 94 stores to pay off debts, but 90 of these stores have
> performed poorly and also may close..
>
>
> Bombay Company: (Freehold Mall store closed) The company unveiled plans
> to close all 384 U.S.-based Bombay Company stores. The company's online
> storefront has discontinued operations.
>
>
> KB Toys posted a list of 356 stores that it is closing around the United
> States as part of its bankruptcy reorganization. To see the list of
> store closings, go to the KB Toys Information web site, and click on
> Press Information
>
>
> Dillard's to Close More Stores. Dillard's Inc. said it will continue to
> focus on closing under performing stores, reducing expenses and
> improving its merchandise in 2008. At the company's annual shareholder
> meeting, CEO William Dillard II said the company will close another six
> under performing stores this year.
>
"marika" <marik...@gmail.com> wrote in message
news:w_2dnf1CNISrWk_U...@rcn.net...