We are prone to occasional fits of goldbuggery around here, and if you don’t roll so high that you can trade futures in the actual yellow metal, you could get into infinite arguments on whether it would be better to buy the $GLD ETF that professes to track the actual metal or whether stocking up [...]
Entries from June 18th, 2009
And I Thought We Just Needed An “F”, For “Fail”
June 18th, 2009 · No Comments · bailout
The acronyms we’ve spawned in the latest financial crisis put even the Great Depression’s ability to create alphabet soup to shame. WSJ reported a couple of days ago on some rather funny and tragic ones: Take, for example, the RAT Board, which in more official circles is known as the Recovery Accountability and Transparency Board, [...]
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This Will Work For Someone, Someday
June 17th, 2009 · 3 Comments · fail
So yesterday, Chicago-based hedge fund Lake Shore Asset Management director Philip Baker was indicted on 27 counts of being a dick with other people’s money. It alleges that between 2002 and September 2007, as a result of Baker’s fraudulent solicitations, he obtained about $312 million from more than 700 investors and misappropriated at least $30 [...]
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Tuesday: Linkage
June 16th, 2009 · No Comments · links
- Everyone already knows Six Flags filed bankruptcy. However, they remain undaunted in their mission to bring rolly-coasters to Dubai. Whee! However, they might have to shelf plans to add “The Devastator” to all their US theme parks: – Stagnant MySpace is stagnant. Expect waves of layoffs in the blinky animated .gif industry to follow. [...]
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