peHUB Second Opinion 9.26.08
WSJ: The economy will certainly be on the table at tonight's presidential debate, despite it's slated foriegn policy focus. We know neither candidate is particularly amazing when it comes to economic topics, and we know that neither of them had much time to prepare on debating the economy. That could bode well for the stronger debater (McCain), or for the one seen as stronger on the economy (Obama). And for that, I am even more excited. FT Alphaville: Of course there is a religious group that saw this crisis coming a million years ago. Night of the Living PR disasters: In a further potential blow to Sun Capital and Cerberus, Mervyns (you know, their bankrupt portfolio company that they made money on) won approval to hire a forensic financial accountant to investigate whether Sun and Cerberus’s LBO of the company was the cause of its bankruptcy. Sun and Cerberus call the deal "overheated rhetoric and hyperbole" and “speculative,” LBO Wire reported. Personally I’m shocked they haven’t settled out of court somehow yet. Even if the bondholders (who are behind this suit) have no case, the bad press alone seems to be enough to want to make this all go away.
