Monthly Archives: March 2009

MGM Mirage Busto…Harrah’s Next?

I suspected something was brewing at MGM Mirage. Its earnings announcement was overdue with nary a peep. Then, instead of reporting its fourth-quarter earnings, MGM filed two other SEC forms. The first one was to confess they had tapped out their $4.5 billion revolving credit line by withdrawing the last remaining $842 million. And the [...]

Another Bust and a Bank Sings Proud Mary

“You sure do know a lot of people who get arrested,” said a co-worker after reading my last blog. I quipped, “Maybe it’s just that your friends can afford better lawyers and accountants.”
If I needed any ammunition to support my argument, I found it while cleaning out my closet yesterday. I unearthed an old bowling [...]