Beverly Hills, 9021-owe?

October 27, 2008

Anyone up for a $395 million Rodeo Drive shopping spree? 

Apparently the latest recipient of U.S. Treasury cash is the City National Bank in posh Beverly Hills.  According to the Los Angeles Times, the bank is taking part in the government’s $250 billion cash infusion and made no promises about how it would use the $395 million it’s getting.

Guess who’s coming to dinner?

October 10, 2008

The table is set for the G7 finance ministers and central bank governors meeting in the U.S. Treasury’s marbled and gilded Cash Room.