GM fires CEO of 1 year Fritz Henderson..

Update: Video added of Thad McCotter R-MI who I think is great, on Cavuto tonight

4:55 pm EST: Well. If you’re an investor and that conference didnt scare you nothing will. Whitacre had what looked like a legal pad and papers, he spoke for 90 seconds, said he will take the role while they seek a new CEO, he took no questions and left.

LeBeau is noting that CNBC had an interview scheduled with Fritz tomorrow from the LA Auto Show. Also that Whitacre has mentioned several times, ‘I am not a car guy’, since being brought on as Chair. Yep. And now he is President CEO and Chair, oh goody! Talk about bizarre timing, we knew Fritz wanted to sell Opel and the Board did not, but WTH happened to make them fire Fritz tonight?

Ain’t being run by the union and the government grand?

4:15 pm EST: Breaking on CNBC now, Presser on “Significant Decisions” by the Board in 10 mins..

Update: Phil LeBeau at CNBC has scoopage:

…It is unclear whether he is stepping down on his own, or whether he was asked to resign. It’s also unclear who will take his role as CEO, but GM Chairman Ed Whitacre will serve as interim CEO, according to the Associated Press.GM said it will hold a news conference at 4:30 pm on “significant decisions” by the board. CNBC.com will carry it live. General Motors had no comment.

Ed Whitacre the man who used to run ATT that they dragged out of retirement to be Chairman. Oy!

Henderson took over for former CEO Rick Wagoner when the White House removed him from the position in March….

Think about how scary that is, “when the WH removed him form the position”. Under what possible authority did they do that? And the sooper genius economists and academics were fine with it, so now no capital will invest in American jobs. Maria Baritromo just interviewed Larry Fink and he said he expects 2% GDP in 2010, a million jobs lost in state govt and populism and unemployment anger at the mid term elections. Man oh man.

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December 1, 2009. Tags: , , , , , , , , , , , . Big 3, Economy, Finance, Jazz, Motown, Music, Obama Administration, Politics, Popular Culture, TARP, Wall St. Comments off.

Twofer Tuesday: Operator (Jim Croce and Sade)

Jim Croce, remastered, courtesy of maxstratos

Sade, full length 8 minute video, courtesy of richmonsoon

September 29, 2009. Tags: , . Entertainment, Jazz, Music, Popular Culture. Comments off.

TGIF!!!

Courtesy of hamnoj

Courtesy of sahibvirk

August 28, 2009. Tags: , . Comedy, Entertainment, Film, Jazz, Popular Culture, Saturday Morning Cartoons, Warner Bros.. Comments off.

Charlaine Harris: Dead and Gone: a Sookie Stackhouse ‘Southern Vampire’ Mystery: Tuesday 5/5 release; True Blood: The Collection DVD Boxed Set: May 19th Release…

Tuesday!

The 9th book in the series is released May 5th, awesome!

Now an HBO original series, True Blood—the New York Times bestselling Sookie Stackhouse series continues.  Except for Sookie Stackhouse, folks in Bon Temps, Louisiana, know little about vamps—and nothing about weres.  Until now. The weres and shifters have finally decided to reveal their existence to the ordinary world. At first all goes well. Then the mutilated body of a were-panther is found near the bar where Sookie works—and she feels compelled to discover who, human or otherwise, did it.  But there’s a far greater danger threatening Bon Temps. A race of unhuman beings—older, more powerful, and more secretive than vampires or werewolves—is preparing for war. And Sookie finds herself an all-too human pawn in their battle.

Now an HBO original series, True Blood—the New York Times bestselling Sookie Stackhouse series continues. Except for Sookie Stackhouse, folks in Bon Temps, Louisiana, know little about vamps—and nothing about weres. Until now. The weres and shifters have finally decided to reveal their existence to the ordinary world. At first all goes well. Then the mutilated body of a were-panther is found near the bar where Sookie works—and she feels compelled to discover who, human or otherwise, did it. But there’s a far greater danger threatening Bon Temps. A race of unhuman beings—older, more powerful, and more secretive than vampires or werewolves—is preparing for war. And Sookie finds herself an all-too human pawn in their battle.

Available for pre-order on Amazon now, True Blood: The Collection DVD Boxed Set, Video here:Amazon.com: True Blood: The Complete First Season HBO Series: Anna Paquin: Movies & TV.

tublood

Courtesy of Dave Crabtree:

The first season of HBO’s hit series, True Blood is coming to DVD on May 19th. Here’s a sneak peak at the collection. All 12 episodes from the first season–including “Strange Love,” “The First Taste,” “Burning House of Love,” “To Love Is to Bury,” and “You’ll Be the Death of Me”–are featured in a five-disc set. 12 hrs. total. Widescreen (Enhanced); Soundtrack: English Dolby Digital Surround stereo; audio commentary; featurette; more…

May 4, 2009. Tags: , , , , , , . Charlaine Harris, Entertainment, Fantasy, Fiction, Horror, Jazz, Mystery, Popular Culture, Sci Fi, Suspense, True Blood, Uncategorized. Comments off.

AIG, A Farce in Three Acts Continues: Dodd says Obama Officials told him to put in bonus loophole…

Who knows who will end up under the bus in this latest installment…

the maroons at the WH seem to be trying to hang Ben out to dry on this (they soo out of touch, TOTUS is in SoCal doing William Jennings Bryan-esque speeches for fraks sake), this while the market is praising Ben’s leadership with today’s FOMC move (see Ben the Bold), and all America feeling tight with Ben after 60 Minutes..

if anyone needs to be the scape goat it is Timmeh. who wrote the crappy bailout as head of NY Fed and Dodd isn’t going down quietly either….

So we have Geithner, Dodd and who next to complete the Three Little Maids From School, Gilbert & Sullivan number? At least make it entertaining if we all have to suffer..

Courtesy of AmorediPazzia

Three Little Maids From School Are We’
Joan Sutherland Ella Fitzgerald
Dinah Shore (1963)

CNBC:

In a stunning development, Sen. Christopher Dodd said that Obama administration officials asked him to add language to last month’s federal stimulus bill to make sure the controversial AIG bonuses remained in place

MiM isn’t stunned. Kanjorski who discussed these bonuses with Liddy and Treasury in October isn’t stunned…only the frakkin media could claim to be stunned…

“I did not want to make any changes to my original Senate-passed amendment, but I did so at the request of administration officials, who gave us no indication that this was in any way related to AIG,” Dodd said in a statement released by his office. The nearly $800 billion stimulus bill was approved by Congress in February.

So Dodd is saying he got rolled by AIG and Team Obama, no surprises there….back to you at the WH…

The White House did not immediately respond to CNN’s request for comment

h-m-s-pinafore-sideshow-bob-1135551_300_300

Hit it Sideshow Bob


March 18, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , , , . Cabinet, Economy, Entertainment, Finance, Jazz, Music, Obama Administration, Politics, Popular Culture, TARP, Uncategorized, Wall St. Comments off.

Update: Obama Housing Plan Details and Eligibility Released….

(more…)

March 4, 2009. Tags: , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Jazz, Music, Obama Administration, Politics, Popular Culture, Uncategorized. 3 comments.

Miracle Mel Does it Again: Liberty gives XM Sirius a Bridge Loan…

and as a shareholder may I say RIGHT ON MEL!!!! Stick it to Charlie Ergen good!!!

BWAAAHAAAAAAA Sirius lives another day and Echostar can kiss Mel’s butt!

OOPS HE DID IT AGAIN!!!! Thanks to John Malone too, we used to be Liberty Media shareholders too lol

John Malone’s Liberty Media is offering Sirius XM a bridge loan of several hundred million dollars to help the nearly insolvent satellite-radio company pay off debt that matures Tuesday, The Post has learned.

According to a source close to the situation, the loan is part of a two-step approach that Liberty wants to take as it looks to bail out Sirius XM, which is struggling to make its debt payment and fend off takeover maneuvers from EchoStar CEO Charlie Ergen.

As part of the plan, Liberty would provide Sirius XM CEO Mel Karmazin enough cash to repay $175 million in debt that Ergen currently holds and is due Tuesday.That then would give Liberty three months to come up with a plan to restructure Sirius XM’s roughly $600 million in debt that comes due in May and in December.

Listen to how arrogant Charlie Ergen was with Mel:

While the gap between what Mr. Ergen has proposed and Sirius has asked for is narrow, the two sides haven’t reached agreement yet on other, nonfinancial issues, these people said. Mr. Ergen is prepared to let Sirius Chief Executive Mel Karmazin keep his job.

Mel is known to pull a Miracle out of his pocket, way to go Mel!!!

Bloomberg: Mel pits Charlie and John in Cage Match:

Mel Karmazin, chief executive of Sirius XM Radio Inc., is pitting two media billionaires in a “cage match” to save the satellite-radio company he formed almost seven months ago.

John Malone and Charlie Ergen would both be absolutely satisfied to put down the other in a public way,” Bishop Cheen, a bond analyst at Wachovia Securities in Charlotte, North Carolina, said in an interview. “They’re natural cage-match contestants. This is media theater at its best.”

Malone and Ergen, both based in Englewood, Colorado, control the largest and second-largest satellite-TV broadcasters respectively and could use Sirius XM’s capacity to integrate radio and TV services, according to Fred Moran, an analyst at Stanford Group. Over the decades, the two men have competed for customers and over acquisitions. In 2003, Ergen, 55, abandoned a bid on DirecTV’s then-parent company, Hughes Electronics Corp.

-snip-

Karmazin, who was president of Viacom Inc. until June 2004, has feuded with Ergen too. Viacom was at the time the owner of the CBS broadcast-TV network, since spun off.

Ergen, who founded EchoStar in 1980, sued Viacom in January 2004, claiming it was breaking antitrust laws by demanding that EchoStar carry less-popular cable networks to continue running the signals of the CBS stations.

During the dispute, resolved later that year, Viacom kept its channels off the Dish network for two days and callers to EchoStar were greeted with a recording that divulged Karmazin’s home telephone number, Mediaweek reported on Oct. 11, 2004.

February 13, 2009. Tags: , , , , , , , , . Disco, Doo Wop, Economy, Entertainment, Finance, Jazz, Motown, Music, Popular Culture, Reggae. Comments off.

I thought we had Smooth Operators..turns out not so much…

what a clusterfrak, these guys are NOT READY FOR PRIMETIME PLAYERS, DOW now down 363….post Geithner total letdown, watching Bernanke now and even Kanjorski gets it, TELL US THE PROBLEM AND THE PLAN …Let us know the new ROOLZ so we can go forward and get some confidence back..

we have only been waiting for a housing plan since 2007 so NO RUSH OR ANYTHING  … except you keep telling us the world is ending so where the hell is the rescue plan geniuses??

So much for the smartest guys in the room..

February 10, 2009. Tags: , , , , , , , , , , , , , . Economy, Entertainment, Finance, Foreclosures, Housing, Jazz, Labor Department, Music, Obama Administration, Politics, Popular Culture, TARP, Unemployment Statistics, Wall St. Comments off.

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