• Coconut Telegraph,  Corporate Wankers,  Title Insurance

    Today is a day of reckoning let the weak be strong, let the right be wrong

    More off the Coconut Telegraph -Ivy Anderson resigned the day before this all went down (I had the chance to work with her on a few things when she was the CFO at Alliance; I’m not a fan of hers at all) -Sandi Sigg knew of this at least a couple of days in advance, but didn’t even tell a soul until late Tuesday night/early Wednesday morning (I heard the Sac Region President Mary Lou Oaks wasn’t notified until very late Tuesday). -As of 7:30 PM last night, no final checks with any type of wages were issued. It looks like they worked for nothing for the past two weeks.…

  • Corporate Wankers,  Title Insurance

    Forever trusting who we are, and nothing else matters

    The Bloodless Empire’s Q2 results remain “preliminary”: At the end of last week, the company became aware of circumstances surrounding an investment held by First American Title Insurance Company (FATICO) in a title agent that may cause the investment to be impaired. The company is currently evaluating whether to impair its $37.3 million carrying value; however any impairment will not impact FATICO’s statutory surplus. The final determination with respect to any impairment will be reflected in the company’s Form 10-Q for the quarter ended June 30, 2008, which it expects to timely file. Consequently, the results presented in this news release are preliminary. Anyone want to hazard a guess as…

  • Coconut Telegraph,  Corporate Wankers,  Cycling,  Title Insurance

    Look at your lipstick, all ’round your face, everything you do, is in bad taste

    I have to say, yesterday was the single most insane day since I started this site. Generally, the way things go around here, I post once a day on PBE. Sometimes I have to look around for something to write about. Those of you who have been here a while know that I’ve come dangerously close to having to flash the girls for lack of content. Yesterday, I couldn’t pump the content out quick enough. There are some jewels down in the comment section. We had almost 100 times the amount of readership yesterday that usually comes in here daily. I’d like to welcome all the new visitors and new…

  • Coconut Telegraph,  Corporate Wankers,  Title Insurance

    Had enough of the monster you’ve become

     From the comments section ITC is still in operation, Mercury has no control over the assets because of the Alliance BK filing. ITC was owned 80% by Alliance and 20% by 1st am. Oh by the way Patty resigned from Mercury today. Comment by titleguy — July 30, 2008 @ 6:13 pm Do you think she got her last paycheck? Vacation pay? Does she think this will get the Wine Dog off her ass? For the newbies, go back to December 2007 for the Architectural Digest pictures of Patty’s homes. From the Wine Dog’s inbox: Chris White sent an email this morning saying that they were no longer owned by…

  • Coconut Telegraph,  Title Insurance

    It’s over

    This is bad.  (not the picture, the situation)  Lender’s First Choice, done.  Jerry’s line of credit ran out.  Something about complying with the terms of the agreement, which required him to keep a certain amount of cash in the bank.  They pulled the line, game over. And I have never made so many posts on the same day.

  • Coconut Telegraph,  Title Insurance

    The hits just keep on coming…

    From: Sandi Sigg Sent: Wednesday, July 30, 2008 10:28 AM To: FTC-ALL-California Subject: urgent message from IVY ANDERSON It is with deep regret that I must tell you that as of close of business Tuesday, July 29th, 2008, Financial Title Company has been closed by its parent company Mercury Companies of Colorado. Mercury is closing all of its companies outside of CO, which also includes AZ, CA, OR, and Utah. As of this moment, all employees are terminated and should remove their personal items now. No files are to be removed or copied in any manner. Files with money in them should also remain as they are now. First American…

  • Coconut Telegraph,  Title Insurance

    Auf Wiedersehen

    Financial Title Company employees have been given 24 hour notice to clean out their desks. Update: They are locked out. Fatco is on site. I’m guessing no one got their vacation etc. We’ve seen this movie before and we know how it ends. At least now the folks at Financial Title can enjoy Pink Bunny Ears because they’re no longer blocked!! Update II:  Anybody heard what’s going on with Investors?

  • Coconut Telegraph,  Corporate Wankers,  Title Insurance

    But wait, there’s more!

    Coconut Telegraph This just in: —– Original Message —– From: Jim Hilbun – UTT To: UTT – Division Presidents; UTT – Department Managers; UTT – All Fee Attorney Employees Sent: Tue Jul 29 16:50:23 2008 Subject: UTT Ceases Operation – Urgent Message It is with deep regret that I must tell you that as of close of business Tuesday, July 29th, 2008 United Title of Texas has been closed by its parent company Mercury Companies of Colorado. Mercury is closing all of its companies outside of CO, which also includes AZ, CA, OR, and NV. As of this moment, all employees are terminated and should either remove their personal items…

  • Coconut Telegraph,  Title Insurance

    Swappin’ tales and tellin’ lies from days when they were young

    What’s this “we” shit Kemosabi? Dinty Moore is keeping a “skeleton” staff here in CoCo County because they don’t want to appear like they run when things get bad and come back when business is good. The Wine Dog has never called them carpetbaggers. (in this blog) I’ve called them carpetbaggers in real time. They are carpetbaggers. When my friends were all on the street with the Alliance Title Company shut down, I told them if there was anything they could do BESIDES go to Stewart, they should. That first full month, they took the REMS. Those guys could do some business. Houston is a bunch of wussies. They are…