Word: morganization
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...analyst from Goldman Sachs wrote that the big bank's credit losses are growing at a "rapid rate," meaning the shares remain a "sell." When Bank of America (BAC) released quarterly numbers that were so good that many believed they would save the job of CEO Ken Lewis, JP Morgan responded by releasing an analysis that said banks are likely to realize about $400 billion more in losses on soured assets, requiring further injections of government capital, according to Bloomberg. (See pictures of the Top 10 scared traders...
...Soon afterward, the first alarms began to sound. Jerald Ogrisseg, an Air Force SERE psychologist, warned JPRA chief of staff Daniel Baumgartner that waterboarding detainees was illegal. In October 2002, Lieut. Colonel Morgan Banks, an Army SERE psychologist, warned officials at Gitmo of the risks of using SERE techniques for interrogation, pointing out that even with the Army's careful monitoring, injuries and accidents did happen. "The risk with real detainees is increased exponentially," he wrote...
...know how many South Africans feel about the arrival in Cape Town of Morgan Freeman and Matt Damon to shoot a Clint Eastwood movie about South Africa's 1995 Rugby World Cup victory over the New Zealand All Blacks. It's not that Freeman (playing President Nelson Mandela) or Damon (who stars as Springbok captain Francois Pienaar) will do a bad job. South African actors Vosloo (The Mummy) and Chweneyagae (the Oscar-winning Tsotsi) wouldn't either. It's just a little strange that South Africa's most important stories are so often told by foreigners. "Imagine how the Americans...
...Considered one of the most successful young reporters in the business, Rattner nonetheless left the profession in 1982 to become an investment banker. He worked at Lehman Brothers, Morgan Stanley and eventually Lazard Freres, where he served as deputy chairman...
...company's merger with Wells-Fargo. Or how many of Bank of America's 15,000 Charlotte employees will survive the company's plans to shed some 35,000 jobs nationally in the coming years. "There's a whole lot of uncertainty, especially around Wells," says Bob Morgan, president of the Charlotte Chamber of Commerce...