11 March 2008

This just breaks my heart

Those ravenous carnivores at the top of the free market food chain, not to mention the bottom of the ethics heap, the private equity buyout specials, who like to tear the heart out of public companies that they swallow up for their own personal enrichment, are suddenly finding themselves in rather difficult circumstances or, as Martin Fridson, a Wall Street expert, puts it "they’re staring into the jaws of hell".

Couldn't happen to a nicer bunch in my estimation but one suspects that if they end up unemployed their life will still be many order of magnitude easier than most of those that they put on the dole.

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