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Late yesterday, after a day of headlines like this one, General Motors (GM) filed an incredibly sober 10Q. Weighing in at 337 pages, GM seems to be worried that folks might not get through the whole thing. So they started off with a wallop of new disclosures, including this one:
We have had significant losses from [...]
It’s no secret that banks that are receiving money from the Treasury under TARP have had to agree to limitations on pay for top executives. But it wasn’t entirely clear how the various banks would handle this. And then we spotted this 8K filed by Bank of New York Mellon (BK) late yesterday.
In this agreement [...]
By now we’re used to reading filings that fret about the state of the economy. Many acknowledge that a prolonged weakened economy may wreak havoc with the bottom line… even if you have Kung Fu Panda’s Tigress (Angelina Jolie) on speed dial.
In the 10-Q that Dreamworks Animation SKG, Inc. (DWA) filed yesterday, we [...]
Last week, the House Committee on Oversight held two pretty dramatic hearings. As we footnoted here, the money quotes on Day 1 came from some instant messages between two employees of rating agency Standard & Poor’s — Shannon Mooney and Ralul Dilip Shah — that, to put it mildly weren’t very flattering.
Shah: We should [...]
Now that the Treasury Department has decided to let banks announce when the agency has decided to pony up money, banks are falling over themselves to issue press releases announcing the news.
The funny thing — depending on your sense of humor — is that most of the press releases sound as if they were written [...]
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