Look who’s in the news again – Jimmy Cayne! Ah, “Bear Stearns” tag, coming out of retirement. So after taking a couple of years to indulge in weed, bridge, navel-gazing and perhaps contemplating the demise of the venerable investment bank, has he had any major revelations? No, apparently not. Bear Stearns’ collapse was still 100% [...]
Entries from May 5th, 2010
Fake Assets, Real Lawsuits
May 4th, 2010 · 6 Comments · bitchfights
Second Life, a video game with a $160 million economy despite the fact that it trades in nothing but online simulations of land, houses, cars, etc (yes, people will actually drop large amounts of real American cash for a digital representation of property in the video game) apparently went socialist (or, probably more accurately, fascist) [...]
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So I Guess This Latest Crop Of Bank Failures Was Really Bad
May 3rd, 2010 · 4 Comments · fail
Bank Fail Friday came and went this week without a lot of fanfare, as horrible things we’ve become inured to tend to do, after all. Jim Sinclair, however, added up the numbers in a recent newsletter: This week’s losses were extremely serious, a fact belied by the virtual absence of press coverage. They were the [...]
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Sunday Links: Unstimulated Ladies, The Irony And More
May 2nd, 2010 · 1 Comment · links
- Above: The Lusty Lady, a Seattle landmark with a marquee that added a little color to the tourist-riddled stretch around Pike Place Market, has finally become a victim of the recession – TRB’s Wall Street Horses In The Kentucky Derby – Speaking of, so the Kentucky Derby winner was “Super Saver?” Makes sense, with [...]
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