peHUB Second Opinion 10.17.08
Recession Hits Carl Icahn: He's selling his yacht, and Wall Street Folly has the 13-F charts to show us why. Thanks FT: For finally putting your foot down on these kneejerk overblown Great Depression comparisons. For further proof of the damage, see New York Magazine's Crisis-Speak glossary: Depression: An implicit threat by way of which financial institutions are able to extort ransom to the tune of several hundred billions. Now Firing, I Mean Hiring: Lehman Brothers is taking resumes. Four hundred fifty to be exact. According to Dealscape, the new guys on the block will "look through Lehman's derivatives contracts to determine which parties could assert legitimate claims against the bank." Bankrupt?!: Tweeter Home Entertainment, again, according to gadget blog Engadget. If true, this time the blame falls squarely on its 363 buyer, Schultze Asset Management.
