"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Saturday, September 11, 2010

Thursday, September 9, 2010

2010 Sept. 8: Government argues that 75 mil settlement with former Asarco principal bondholder Citigroup is"fair, adequate, reasonable and in the public interest."

2010 Sept. 8:  "The government is defending as "fair and adequate" its $75 million settlement with Citigroup Inc. over charges it misled investors about billions in potential losses from subprime mortgages....The $75 million represents less than 0.3 percent of Citigroup's $22.07 billion in revenue in the second quarter of this year, the SEC noted....The bank has nearly $2 trillion in assets...."

Morgan Stanley bank backs out of Revel Casino in New Jersey (April 2010)

Morgan Stanley bank backs out of Revel Casino in New Jersey

April 2010:  "...[Morgan Stanley] says it will be selling its stake in Revel Entertainment Group LLC's Revel casino in Atlantic City, N.J. The investment bank, which had invested $1.2 billion into the project, says it will "take a substantial loss...Morgan Stanley will be getting cents on the dollar."

Asarco Swiss Bank deceased President "Mikhail Katamanin's assets spark a legal brawl..."

"Google Alert: Mikhail Katamanin's assets spark a legal brawl
Detroit Free Press
Lawyers for the Swiss company, Asarco, and an attorney for his two adult sons declined to comment. One of the sons, Dean Katamanin, also declined to comment ..."

(for more information do a search within the epgtlo.blogspot.com blog for "Asarco A.G." or "Katamanin" or "Asarco Swiss bank")