peHUB Second Opinion 9.12.08
FT: A detailed comparison of the current economic environment and the Japanese banking crisis. My favorite phrase is “great creativity of with the truth.” As a reporter, trying to figure out who is feeling the pain, it is sometimes very difficult to dig deeper than the “creative” answers financial types spin. New York Post: When your portfolio company goes bankrupt, watch out for crazy vendors with threatening emails. A Steve & Barry’s (backed by TA Associates) vendor writes that shoppers of the bargain retailer are buying clothes that are “soaking of blood and tears of worldwide vendors." Hello, Melodrama. New York Times: Hedge funds can now romanticize the good old days, because the good old days are now a thing of the past. Well that’s not exactly a newsflash, but there is one part of this “trend” story that interests me:
