April 1st, 2009
A Utah woman who tried paying for Walmart groceries with $20 Gold Double Eagles was apparently turned away, and then exchanged 14 of them at a nearby bank for face value.
The bank teller gave the woman $280 but the coins were worth far more. While the coins have not been appraised, at today’s gold prices, each would be worth at least $920.
Now the search is on for the woman because she could be getting a lot more money, not to mention that the numismatic value of Double Eagles exceeds their melt value.
February 5th, 2009
Bank of America is selling three corporate jets from its fleet, as well as a helicopter it acquired through its purchase of Merrill Lynch, the company said yesterday.
In addition, the bank is believed to be trying to sell one of its corporate apartments in New York, according to a source familiar with the matter.
The dramatic downsizing came on a day when the bank’s share price dipped below $5 for the first time since 1990. The news follows the fact that both Citigroup and Starbucks have put planes on the market recently.
January 23rd, 2009
A man was left reeling in shock Tuesday when his bank statement showed him to be 100 billion pounds (144 billion dollars, 102 billion euros) overdrawn.
As if the credit crunch was not hitting Britons hard enough, Donald Moffat was temporarily in deep, deep, deep financial trouble, due to a “technical error”.
When 38-year-old Donald Moffat logged onto his Barclays bank account yesterday morning expecting to see his account in the black he was astonished to say the least when he encountered a £100 billion deficit on his current account, enough money to bail out the banking sector three times over!
October 11th, 2008
The lunch was organized yesterday (October 10th) at the Louis XV restaurant, at the Hôtel de Paris, located Place du Casino - Monte Carlo (the most expensive in the district).
Fortis, which was bailed out on Monday, sent an invite for 50 to participate in a “culinary event” at the most expensive three-Michelin-star hotel where the bill runs in most cases to over 3000 euros ($4,500) per person.
Seems like they are doing it in all the countries and not just AIG insurance in America although they spent considerably more $500,000 on luxury spas and dinner just days after the government bail out.
And you, what did you have for lunch?
