For me, Memorial Day always means long weekend – and probably for many of you, as well. I’ve got some selections for this morning, though:
- Bank fail gets started early this week, with BankUnited dying in a fire. +1 to this article for mentioning why thrifts are taking it on the chin harder than banks – thrifts, like BankUnited and WaMu, are required to concentrate at least 65% of their lending on mortgages and consumer credit, and that is where the fail is.
- Looking for some Doom? Yeah, we’ve got that. Meanwhile, The Reformed Broker gives us an update on the Cramer/Roubini bitchfight.
- Another blow to retail spending. Women have now embraced the Bartertown ethic to round out their wardrobes. Considering many of us are loath to wear anything more than once, this was a long time coming I think.
- GW emails me this petition that backs Ron Paul’s initiative (HR 1207) to audit the Fed.
- So tired of GM. Bankruptcy or no bankruptcy? Only Barack Obama’s hairdresser knows for sure.
- Mankiw on the economics of Trek.
- Who knew there was a difference? In the UK, where they drive on the left side of the road, you can now also get a left-handed Whopper from Burger King.
- Morgan Stanley lifts the price target on Bank of America (BAC) from 25 to 32. I have no comment other than “LOL.”
Frank Wales // May 22, 2009 at 2:35 pm
You do know the left-handed Whopper was an April Fool, right? I mean, left?
alyx // May 23, 2009 at 6:49 pm
Of the stories I linked, it is probably the one I most wish was true, and alas, as you said, it is the only one that is not.
Jr Deputy Accountant // May 25, 2009 at 8:42 pm
My boss is an accountant. No long weekend for me.
Bah.