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You Can’t Make Up CHUTZPAH Like This!
According to my records, Rod Blagojevich never received a Chutzpah of the Week award; but there is no doubt that, in a context that includes his trying to resolve the standoff between labor and management at Republic Windows and Doors by going after...
Judge Jed Rakoff Hangs Tough
When we last left U.S. District Judge Jed Rakoff, he had refused to approve a settlement between Bank of America and the Securities and Exchange Commission (SEC) in the form of a $33 million fine to be paid by Bank of America. When I last wrote about...
“A Plague O’ Both Your Houses!”
At the beginning of this month, I granted a Chutzpah of the Week award to Judge Jed Rakoff for his refusal to approve a settlement between Bank of America and the Securities and Exchange Commission (SEC) in the form of a $33 million fine to be paid by...
Taking a Stand Against the Rich And Mighty
Perhaps the most annoying thing about the rich and mighty in this economic crisis is the innovative approaches they take to remain rich and might, whatever may take place on the fields of regulation and prosecution. There is thus a special kind of chutzpah...
Technology Amok
We have the BBC NEWS Web site to thank this morning for the latest story of technology out on a rampage: A man in the United States popped out to his local petrol station to buy a pack of cigarettes – only to find his card charged $23,148,855,308,184,500. That...
U.S. Man Thought He Bought Europe After Being Overcharged $23 Quadrillion for Pack of Cigarettes
WMUR-TV has reported that a U.S. man discovered that he was charged more than $23 quadrillion for a pack of cigarettes that he bought at a filling station using his Visa card. When his checked his online bank account, Josh Muszynski discovered that he...
Bank of America to Pay $713 Million in TARP Preferred Dividends
Bank of America Corporation has said the Board of Directors has authorized approximately $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program (TARP).
A Virtual Bank for a “Fiction of Convenience”
Over two years ago I wrote a post entitled “Virtual Money in the Real World,” in which I examined the effort of the German city of Magdeburg to introduce its own regional currency (the Urstromtaler) as a way to encourage local spending....
