So how many people at Travelers are breathing a sigh of relief today that they’re no longer associated with Citibank? They’ve got the profitable business, a bigger market cap AND their big red umbrella back, so it is hard to imagine how they could be happier. It isn’t all sunshine and lollipops – note the [...]
Entries from January 27th, 2009
Hey, Look, Another Goldman Guy Gets More Power
January 27th, 2009 · No Comments · goldman sachs
[insert GS power-trip conspiracy theory here] Unsurprisingly, William Dudley was picked to replace Timothy Geithner as president of the NYFed, which probably entitles him to a really tricked-out nametag. We at LOLFed have no doubt that Dudley Do-Right will do fine, as he already has experience packing the Fed’s balance sheet with junk nobody else [...]
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Art Nadel Turns Himself In
January 27th, 2009 · 1 Comment · fail
Looks like it’s the end for Runaway Ponzi-On-The-301. Arthur Nadel turned himself into the FBI today in Tampa to answer to charges of fraud. No word on the missing $342 million. No word on whether he was in Tampa to try to catch the Superbowl before turning himself in, either, but we’re guessing he just [...]
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Congratulations, Shamwow
January 27th, 2009 · 12 Comments · cnbc
CNBC Shows Off The Sham Wow from AlleyInsider on Vimeo. ClusterStock provides coverage of the denouement of CNBC’s “As Seen On TV” sweepstakes, which pitted fine products like the Snuggie and Shamwow in a deathmatch of sorts. The winner, and a LOLFed favorite: the SHAMWOW! We’d like to take this moment to remind you that [...]
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Harvey Nichols: Sale? Quel Horreurs!
January 27th, 2009 · 1 Comment · retail
Harvey Nichols always does interesting ads (you can see a few on The Arab Aquarius, including a Wallace and Gromit series). Fellow fashionista Lindyjoanne called the most recent series to my attention, which features mannequins cowering – they’re afraid of being crushed by falling prices, or maybe ashamed of what the retail world has come [...]
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