By now, you’ve probably heard all about the “Let Wall Street Pay for the Restoration of Main Street Act of 2009,” a trading tax of 0.25% on all trades you make in a given year, with the first $100K exempt (and as most of us know, to hit that level, you don’t have to be [...]
Entries from November 28th, 2009
O Hai Dubai! Fail Never Takes A Holiday
November 26th, 2009 · 1 Comment · fail, sovereign wealth
While we in America prepare to stuff our faces, the rest of the world is giving Dubai the stinkeye (and the dollar is continuing to die in a fire, so yeah, even though our markets are closed we’re losing plenty of wealth today, too): Dubai World, the government investment company burdened by $59 billion of [...]
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Acquisition Edition: PPR + $ANF = LOL
November 23rd, 2009 · 2 Comments · retail
I’m tired of beating the dead horse that is Treasury, so here’s some billboard vandalism for you. Our leggings-clad senior retail analyst LoLo has been out on the beat and found this; there are reports that François-Henri Pinault and PPR are rumored to be considering snapping up Abercrombie and Fitch ($ANF) to add to their [...]
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Maximum Timmay-drive!
November 21st, 2009 · 2 Comments · Timmay
He says he won’t leave his position as Treasury Secretary, despite a recent Rasmussen poll where 42% of Americans indicated his work has boarded the failboat (and 47% of investors showed no love; dude, you can’t make Main Street OR Wall Street happy?), but should Timmay ever find himself out on his arse, where do [...]
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How Do You Shoot It In The Head?
November 20th, 2009 · 5 Comments · breaking news
This is so much worse than anyone could have possibly imagined.
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