Packard Plant Auction Shows Why Former Soviet Republics Have Higher Bond Ratings Than Wayne County “You’re going to find out, if you stick around, that a lot of the people holding political power are some bizarre incompetent sons of bitches” -Detroit Political Consultant Adolph Mongo The Wayne County Treasurer’s Office handling of the Packard plant […]
Bank of America To Replace Local Tellers With Low-Wage Video Conferenced Tellers In the past three months, Bank of America has quietly been replacing their ATM machines with models that allow for video conferencing. At first glance, it appears Bank of America did this to make their ATM customers feel all warm and fuzzy. “Too often, […]
Jill Van Horn Issues Rambling Press Release Referring To Herself As A Prophet Who Will Save The World’s Largest Industrial Ruin And Detroit “Prior to placing the bid on the Packard Plant, Dr. Van Horn’s prophecy was to resurrect Detroit by providing education, jobs and vocational training to the city’s residence, simultaneously unplugging the financial arteries […]
Even Ferris Bueller’s Gullible Mom Wouldn’t Believe The $6 Million Bid For The Packard Plant Is Serious But Wayne County Deputy Treasurer David Szymanski Does “Wake up and smell the coffee, Mrs. Bueller. It’s a fool’s paradise. He is just leading you down the primrose path.” -Edward R. Rooney, Dean of Students, Ferris Bueller’s Day […]
Citigroup Selling Servicing Rights as Banks Retreat The U.S. mortgage market’s largest lenders like Citigroup are pulling back amid looming regulations and a drop in refinancing that fueled record profits last year. Bloomberg via National Mortgage News Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, or about 21 […]
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