Trader Joe
When pressed on that callous remark, he raised his pint of beer and replied,Hedge funds and financial wizards have been squirreling away billions in profits for years, and burning the trail to where their risk has been parked. Shame that when it matters most, they can't quite put their finger on where their liabilities are right now, but never mind, I'm alright.
He has since retracted that statement, claiming he meant to say, "Telling my broker not to buy banks."Cheers. Can you hear that? It is the sound of hedge fund managers unraveling and screaming, Houston, New York, London Tokyo, we have a liquidity problem. But I'm OK, I'm rolling in cash and drinking plenty of amber nectar for 2 devalued dollars a pint. I'm telling my broker to Buy Buy Buy financials. Making money is like falling off a log now.
His answer to questions on the deepening housing crisis have actually stood the test of time.
He then put 20% down on the bar and secured a line of 12 beers on credit.Hey, if you think it is a crisis when banks stop lending money to people who can't afford it, then shoot me.
I wonder where he is now, 12 months on, in the hit and miss financial gambling world? Working the till at Trader Joe?See, the only crisis here is i don't think I can stay conscious long enough to finish those drinks.
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Cheers, Ed