Archive for the ‘Finance’ category

Dirty Assets

January 8, 2009

Now its the porn industry’s turn to ask for a bailout! Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis recently said they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.

Unlike the ‘dirty assets’ (read mortgage backed securities) that sank the finance industry, the ‘dirty assets’ of the porn industry might just help it to stay afloat.

It remains to be seen if Larry Flynt and Joe Francis will be successful even if they carpool to Washington in a hybrid! My only advice to them is to take some of their ‘dirty assets’ along!!!

Advertisements

In God we trust; all others must pay cash!

November 10, 2008

This morning, I read this on my orkut homepage in Today’s Fortune section. I thought it was a great line and especially relevant in these difficult financial times. With the Dow losing nearly 1000 points in the space of 2 days (Nov 5, 6), and the ongoing slowly thawing credit crunch I can bet that, all banks/financial institutions on Wall Street right now are going by this maxim. With the US economy shrinking in the third quarter, and a potential global recession (the technical definition of a recession here in the US notwithstanding) practically upon us this seems to be very sound advice to all of us on Main Street too.