I Know What This Looks Like...We Recommend to All Our Professionals to Use Their Prudent Judgment When Making Travel Arrangements

Well, now you've gone and done it JP Morgan. Apparently, you missed all the populist outrage news re: relatively small amounts of money.

There are conflicting reports between Mickey Mouse ABC News and Reuters about the J to the P buying two Gulfstreams and building a hangar to park them in.

The fact that there is a rumor going around about this suggests, at the very least, these potential transactions were discussed at Jamie Dimon's Scrooge McDuck-esque gold coin swimming pool.

The Barney Frank/Maxine Waters/Chuck Grassley batshit insane grandstanding burn all bankers, accountants, and anything w/ "AIG" in it at the stake remains fluid.

JP Morgan denies report it plans to buy new planes [Reuters] Sphere: Related Content

How Does That Make You Feel Goldman Sachs?

Some idealistic journalist from The Guardian who thinks that corporations (especially banks) have consciences put forward the most hilarious line of question to the Goldman CFO re: Goldman's ass-raping of AIG by calling in collateral (which they were contractually obligated to, btw) on CDS's.

Guardian Reporter Would Like To Know If Goldman Sachs Is Racked With Guilt Over AIG [Dealbreaker] Sphere: Related Content

Two Blogs Bested in One Day!

Grub St. finishes 3rd in this race. I didn't mention anything about Batali though. Sphere: Related Content

Links 3/19/2009 - AIG Edition

I seriously don't know where to begin re: AIG, bonuses, Congressional grandstanding, death threats, T. Geith, etc. etc. etc. I hopefully found some of the better highlights.

For those of you really interested. NYT piece is excellent. [New York Times]

Non-profit journalistic point of view [Democracy Now!]

Hannity bashing (who thinks they [i.e. the AIG execs] should keep the money) via Reason [Reason Hit & Run]

The new name is really the most important thing. [Dealbreaker]

Daily Intel does it again...The Richhunt! [Daily Intel] Sphere: Related Content

Ahem...

A little gloating is in order... the Cut finally got the story on Crocs, which your humble blogger reported on yesterday.

Tramp 1, The Cut 0 Sphere: Related Content

Links 3/18/2009

This will definitely result in public hangings. [Reuters]

Do you think $90 lift tickets might have a little to do with this? [Denver Business Journal] Sphere: Related Content

FROM THE NOT-SO-SURPRISING DEPARTMENT: Companies that Make Crappy Products Might Go Out of Business

Crocs, Inc.'s auditors have found that there is "substantial doubt about the company's ability to continue as a going concern".

That's fancy accounting talk for go the hell out of business.

Now I know some of you might own a pair of Crocs and may even like them but it's fair to say one thing, they are pretty hideous looking.

People that wear Crocs out in public deserve ridicule. Plain and simple. The one exception may be healthcare professionals, as they are not subject to any sort of fashion participation at their jobs.

Accordingly, the market for this product is shrinking and shrinking fast. As a result, revenues are also shrinking and they can't get a new line of credit. Hold your breath, this financial downturn may have a upside after all!

Audit raises ‘substantial doubt’ about Crocs as ‘going concern’ [Denver Business Journal] Sphere: Related Content