peHUB Second Opinion 6.10
This is Just Wrong: What kind of genius does it take to turn $517 million into $75 million over the course of 39 months? That's what Talbots did and Golden Gate Capital capitalized on. (Footnoted) Peter Theil: At a conference, he calls the tech boom of the late 90s a fraud. (Valleywag) What's Wrong With Financial News on Television: Proof that nobody at Fox Business News knows what's going on, at all. (Gawker) Just Depressing: Now that the U.S. taxpayers are minority shareholders in Citigroup, we might be happy to learn that the company is using its resources to sue a networking website called Womenco.com, because its similar to Citigroup's own "Women & Co.," a money managing business. Christ. (Cityfile) Regulatory Shopping: Private equity firms are using Regulatory Arbitrage. Writes Money Morning, "The financial Barbarians are at the gates of the U.S. banking sector." (MM) Private Equity: Not so shareholder friendly? (<a
