- From the roflcopter department: there’s now a joint venture between Nigeria and Gazprom. What’s it called? Nigaz. Please.
- Bernanke was of course roasted over the coals today. Did you, or did you not, bully this bank? By the end of it he was probably wishing for an ejection seat to get the hell out of there. Zero Hedge has a big stack of Fed emails, and that’s good readin’. In other Fed news, they’re putting an end to Broke-buck Mountain, also known as the Money Market Investor Funding Facility. Only 3123242 more programs to wind down…
- By now, you’ve probably heard rumblings about the “Goldman Sachs owns your soul” piece authored by Matt Taibbi for Rolling stone. SomethingAwful, of all places, has the full text of it, replete with pages of argument.
- GM now wondering if bankruptcy really made all its liabilities magically disappear. I need me a magic wand like that.
- In Soviet Russia, product assortment chooses you. Get used to less of that novelty called “choice” that cut into retailers’ profit margins.
- I can haz teh new normal? Like… once the economy stops plunging it’s not going to bounce right back up like it’s on a trampoline? Nooooooo do not want
- On that note, good news, real estate is going back to normal! Uh… in 2017. Sorry to get you excited.
- Got $350 large burning in your pocket? How about lunch with Warren Buffett?
- Best thing I heard all day: “The only way you could beat this market is to have the WOPR at GS play tic tac toe against itself.”


fonis // Jun 26, 2009 at 1:49 pm
okay, that rolling stone article was fun. Expand it beyond Goldman Sachs to “investment banking” and account for the fact that they made a living only because people bought what they were selling and only asked questions when it blew up, and it’s a bit better.
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