Rant of the day...

[curmugeon]

Its April Fool's Day and the Fool on the Hill is still in power.

Another few little surprises in the financial picture....

Fremont Investment and Loan the banking division of Fremont General Corporation is underfunded, after writing $81 billion in sub-prime loans. ... shades of the Savings and Loan scandals.  Please see the clarification below about Fremont in the comment (although anonymous) about who Fremont really is.....

Lehmann Bros. got out of trouble by the skin of their teeth, find money enough to head of a liquidity crisis. ... shades of '29

Our illustrious city manager let us know he's going to honor our contracts for the next year... that is big news because if he didn't there would be a lot of angry people. 

I saw a pink mini this morning, not one of those wanna be minis made by BMW, but a real mini, pink with the number 13 on the door.  I tried to get a picture but it got by me somehow. Got to find that car and get  a picture. Think Pink, and a true Mini.

I wonder if I should work part time after I retire for full salary? There are rumors they might offer such.

I want a day off... but I got a  long (5 day) week this week... 44 hours.

I think someone should try a 'mobile party'... the day on the Metro, tour LA for a day (or two) using only the Metro.

I need a day at the Getty....

Comments

[cathy-edgett.livejournal.com]

Part time work for full salary. That sounds like a win-win. A "mobile party" sounds fun, and a day at the Getty, great!!

FREMONT BANK IS NOT AFFILIATED WITH FREMONT GENERAL CORPORTATION

[(Anonymous)]

Fremont Bank, a leading full-service community bank in Northern California, would like to clarify many erroneous claims of being associated with the Brea, California-based Fremont General Corporation (NYSE: FMT), including a media segment that recently appeared on CNN concerning Fremont General Corporation. In its recent broadcast regarding Fremont General, CNN mistakenly pictured Fremont Bank’s website. Fremont Bank officially announces that it is in no way affiliated with Fremont General or its wholly owned subsidiary Fremont Investment & Loan.

On Saturday, March 29, 2008, the Associated Press reported that Fremont General’s wholly-owned banking unit, Fremont Investment & Loan, is undercapitalized by regulatory standards and has recently been given 60 days by federal and state banking regulators to raise new capital or sell the banking subsidiary. This announcement concerned Fremont Investment & Loan and not the Northern California based Fremont Bank.

Fremont Bank is a $2 billion commercial bank based in Fremont, California that prides itself in being a locally owned, community bank with a full range of products and services. The Bank continues to successfully manage a significant portfolio of residential, consumer and commercial loans.

Re: FREMONT BANK IS NOT AFFILIATED WITH FREMONT GENERAL CORPORATION

[n6vfp.livejournal.com]

Thank you for the clarification as I was going by what I heard on NPR. I made note within the original post directing to your comment.