Finance
All posts related to Finance on Guest of a Guest for Finance.

[A Lehman Brothers employee leaves work with an battle axe as 15,000+ Lehman jobs stand to be axed]
When I saw this photo in the NY Daily News I fell in love with it. We had to scan and share.
A simple search on Ebay with the keywords Lehman Brothers uncovers a treasure trove of prep-tastic goodies from the “green monster” that include canvas totes, duffles, hats, a Nalgene bottle, and of course our favorites - the Lehman stress ball and the Lehman Brothers Emergency Evacuation Kit! The only thing missing from this splendid smorgasbord is a golden parachute.
So will these fashion items become a new trend for the fall, similar to how Bear Stearn’s apparel became the coveted fashion pieces of the moment back in the spring?
I don’t usually like to play the role of a carnival barker, but I have to say, “get ‘em while they’re hot!” Perfect for a weekend in Nantucket, The Vineyard, or the Hamptons. That stress ball is just begging to be squeezed. For a wonderful collage of Lehman collectibles you can scoop up, click here, or the picture to the right–>

Spotted: Tombstone -esque logo in front of Lehman Brothers Asia Headquarter
The NYTimes’ Floyd Norris is live blogging the Lehman charade. He’s been up since 5:55 and, so far here are some of my favorites:
“Louise Story reports that Ken Lewis of Bank of America, on a conference call this morning, said he believed Merrill Lynch was “more likely than not” to survive the current turmoil. Now there’s an endorsement. Of course, this is the same guy who stepped up to rescue Countrywide Financial, not once but twice. So it would be understandable if he has lost a little confidence in his judgment.”
Go HERE for more photos from this events.
Last Thursday while Rachelle and I were sweating it out in smoke filled LOLA-land over in Chelsea (don’t get me wrong, we had the BEST time), a super exclusive group of “Visionaries” were chilling out with Chopin “CEO” martinis at Robert Futterman’s pad. Robert Futterman is the founder of RFK, the market leader in retail leasing, investment sales and consulting services. As you can imagine, Mr. Futterman has quite a residence to host these visionaries, who essentially are people who inspire each other toward greatness. VISIONARIES are a collection of talented and notable entreprenuerers drawing from diverse fields including the arts, technology, retail, design, hospitality, real estate, beauty, internet, pharmaceuticals, finance and more.
[Photo via cherryflava.com]
Wow. Hawking things to tourists in New York has always been something of a slam dunk, what with the streaming hordes of Midwestern wide-eyed visitors. But now, it’s like selling sand at the beach. The latest creative scam venture: Selling New York garbage back to New Yorkers (and its tourists) under the guise of commemorating history. Yay, hermetically sealed refuse that reminds me how hospitable our city is to vermin and disease! I’m already on the waiting list.

[What is that Euro doing to that dollar?!]
We’ve all been hearing how cheap the US Dollar is these days. Some of us have experienced it, or seen Europeans scoop up Manhattan real estate like its going out of style. But most of us don’t understand it. Why is the dollar so cheap, what’s causing such a massive reduction in purchasing power parity? I’m not a finance jock, so I often look elsewhere for answers. Economic wonks have a myriad of reasons, but sometimes looking at the larger picture, and focusing on the macro level is the most lucid way of understanding these questions.
-Warren Buffett, July ‘07
Bear Stearns Pieces From Their Spring ‘08 Line Quickly Becoming Most Coveted In Fashion World

Last night, fashionistas from all over the city came to mingle around Serge Strosberg’s art which provided quite the sophisticated setting for their own personal choice art wear (their outfits of course!) While we saw the usual sartorial pieces of cocktail dresses, hats, and bow ties, it was this dapper little black vest from the Bear Stearn’s spring ‘08 line that was the true hit. We suggest snatching up these puppies now, as the designer has taken a permanent retirement. Their worth will be sure to only appreciate in value in the fiscal years to come.
UPDATE: What the fall of Bear Stearns means for clubland.
[KiptonART Hosts Serge Strosberg]
[What The Dismal Bonus Season On Wall Street Means For You]
[Image Source: www.carlylecapitalcorp.com]
If the economy being in the can and the 5th anniversary of the Iraq war has got you in the dumps, then by all means stay away from the Carlyle Capital Coporation’s website. Rife with “compulsory liquidation” warnings, its truly a dismal spot on the interweb at the moment. But I couldn’t help but caption the above picture on the homepage. A week ago it would have read like the following:
Jim: Hey Bob, good to see you.
Bob: Hey Jimbo, likewise. You guys really know how to pick ‘em.
Jim: Well thank you. We are glad you decided to invest with us, we’re happy to have you as a client.
Bob: Not as happy as I am with the return you guys gave me the last year.
And of course a picture is worth a thousand words. This week, it reads something like this:

[Logo Source: www.bearstearnsinvestors.com]
Is that a Bear Stearns Logo I see? Those of you who recently lost money in Bear Stearns stock may be tempted to join a class action suit or file your own securities fraud suit against the company. And some of you may have come upon this website bearstearnsinvestors.com, since they are advertising on Google under the search term “Bear Stearns”.
But it would be my lay suggestion that you proceed with caution. Personally, when a law firm uses the copyrighted logo and trademark (in this case the Bear Stearns logo) of another company in their website, urging you to explore what legal remedies you may have against that said company, it is sure to raise some eyebrows.
Fair use rationale found on wikipedia of the Bear Stearns logo cites that it should not be used for profit, otherwise it may be copyright or trademark infringement.
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