I'd hate to have Nosler's future insurance bills. Or to be his current insurance guy. "You insured an ammunition factory?"
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Sometime in the near future, a friendly bald guy, who speaks fluent Spanish and has an eastern accent and plays competition caliber chess will move into a small American town and start telling people conflicting mysterious stories and probably won't be able to help himself screwin' with people....
I wonder how long it will take him to get back....
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"I will give you unlimited energy," the Genie said. "There...under the waves, is the magic potion. It is yours for the taking...."
LATER:
"Please Mr. Genie, take it back! I don't want it anymore!"
"I said I'd give you unlimited energy," the Genie said, with an evil grin. "When I said the potion is unending...."
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I kept waiting and waiting to mow my new lawn in back; finally just put the mower at the highest level and plowed through. Even then, the mower clogged every couple dozen feet. Weird weather.
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Time Machine Moment: If you had told someone ten years ago: One of the two couples at the top of the political heap will get a divorce. BUZZZ. No, it isn't Bill and Hilary.
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Time Machine Moment #2: If you were collecting "The Kid's" card in 1989. He'd retire tired and beaten down, with a good career but not one for the ages.
Well, having the fifth most homeruns in history is probably for the ages. But you have to understand the expectations back then. THAT was THE card, let me tell you.
(I'd also have been amazed that Don Mattingly and Dale Murphy and a dozen other players would have their careers foreshortened at below Hall of Fame numbers. I think you have to observe a generation of baseball to understand a generation of baseball.)
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Was reading a Dan Silva book, THE DEFECTOR, with the super Israeli agent Gabriel Allon, where everything he does is super competent and super justified. And the fiasco in the Gaza is happening at the same time, and there is some dissonance there. Fiction is fiction.
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From da Bull:
Investors’ deal with Bend bank extended
Published: June 03. 2010 4:00AM PST
Bend-based Cascade Bancorp, parent company of the Bank of the Cascades, announced Wednesday that two potential investors have again agreed to extend their securities purchase agreements through June 30.
East Coast investor David Bolger and New York City-based private equity fund Lightyear Capital both pledged last October to invest $20 million and $45 million, respectively, in the bank if the company could raise another $85 million from other sources. The agreements originally expired Dec. 31, 2009, but were extended to May 31.
The bank, hammered by loan losses stemming from declining real estate values in Oregon and Idaho, is trying to raise at least $150 million to bolster its capital, per an August 2009 order from the Federal Deposit Insurance Corp.
“We are encouraged by a heightened level of activity in the capital markets as we seek to complete our capital raise,” Cascade Bancorp President and CEO Patricia Moss said in a written statement. “The continued support of Lightyear and Mr. Bolger are sincerely appreciated, as is their shared confidence in our company.”
Cascade Bancorp shares closed Wednesday at 58 cents, down 1 cent. Based on that closing price, the bank will be unable to meet a Nasdaq requirement that its shares close at or above $1 for 10 consecutive days by June 15 to avoid possible delisting. Cascade Bancorp said in December that if it did not comply with the minimum bid price rule by June 15, Nasdaq would provide another written notice on potential delisting. At that time, the company may appeal the delisting determination to a Nasdaq panel.
From American Banker:
Cascade's Investors Extend Deadline
By Robert Barba
Cascade Bancorp's lead investors are giving the Bend, Ore., company more time to find additional capital.
The $2.2 billion-asset Cascade announced Wednesday that David F. Bolger and an affiliate of Donald Marron's Lightyear Capital LLC private-equity fund have agreed to give Cascade until the end of June to find additional equity partners.
The deadline had been May 31.
Since late last year, Cascade has had standing agreements with Bolger to invest $25 million and Lightyear to invest $40 million, as long as the company raises an additional $85 million in equity.
In a press release, Patricia L. Moss, Cascade's chief executive, said it is "encouraged by a heightened level of activity in the capital markets as we seek to complete our capital raise."
At the end of the first quarter, Cascade's bank unit was undercapitalized with a total risk-based capital ratio of 6.35%.
I've been thinking about that: Why is it that only willing to go halfway toward propping the bank up is considered a vote of confidence?
It looks more like a delaying tactic.
Not to mention, watch the stock prices on the last hour of every day and especially on Friday....
I giant surge up, which tails off into adequate territory by closing....
Funny that Buster just brought up Bruce a week ago, and now he's back. One never knows who's going to be hanging around this blog.
"Weird weather."
Not at all weird; quite normal. Consistently warm, dry weather doesn't arrive in Oregon until mid-June, when the goddam Portland Rose Festival is finally over.
Mark my words.
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