Friday, August 28, 2009

BAILOUT CARRY TRADE

BANZAI7 NEWS--Reuters reports: It’s either a sign of sheer boredom on Wall Street, or an early celebration of the one-year anniversary of Lehman Brothers’ demise, but shares of the fallen invesment bank were red hot today.

The stock rose some 200%. Take that AIG.

WB7: How about concrete evidence that the bailout carry trade is burning a hole in Wall Street's wallet.

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