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Archive for February 11th, 2009

7% of 12/31 Pension Data Now In

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Updated for new data on Feb 12

 

For companies in our data collection universe (S&P Composite 1500 companies plus some extras, such as major insurance companies) that have a fiscal year ending December 31, we now have 7.0% of our 2008 data (as measured on the basis of pension assets as of the close of 2007). Although results for the full universe will vary slightly from the interim results collected to this point, the complete picture continues to come into focus — Read the rest of this entry »

Written by macheide

11 February 2009 at 8:55 pm

Posted in άctuary

No Thanks to Banks

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Don’t give another bailout to those failing banks.
Buddy, don’t spare them a dime from the poor taxpayer.
Rage! When they come around begging, rage, “No thanks!”
 
The economy’s engine could do with a few fiscal cranks,
but the piles of systemic risk don’t need a new layer.
Don’t give another bailout to those failing banks.
 
They get their bonus; you get to cover their flanks;
in the blame game this makes you their most valuable player.
Rage! When they come around begging, rage, “No thanks!”
 
Feds, put a stop to financiers’ credit swap pranks!
“Too big to fail”? – Be the public’s dragon slayer.
Don’t give another bailout to those failing banks.
 
They want drawn on the U.S. Treasury a checkbook of blanks
payable to Wall Street, the free market’s greatest betrayer.
Rage! When they come around begging, rage, “No thanks!”
 
The tarp only covered up ripped-off consumer angst –
When sold a bill of goods, one should bill the purveyor.
Don’t give another bailout to those failing banks.
Rage! When they come around begging, rage, “No thanks!”

 
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Written by macheide

11 February 2009 at 3:07 pm

Posted in last but not least

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