Wednesday, October 29, 2008

Quote for the Day

Life in the fast lane:

Analysts say Porsche’s profits from derivatives will be carefully scrutinised in the future, after they made €3.5bn from that business last year – triple the amount made from selling cars.-FT

It's clear that Americans need to deregulate some more. "Free" markets are so much "funner".

Anyway, Porsche snagging VW has to be one of the most remarkable coups in history. Much bigger than AOL swallowing Time-Warner, don't you think?

And, if it turns out that they were tickling the bellies of the hedge-fund fish by lending them stock (knowingly or otherwise) before reeling them in, it will be a ... triumph, in a Greek kinda way.

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