If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.
GoogleWeb Fark
Sun September 28, 2008
(Marketwatch) Asinine Good news: Apple begins selling unlocked iPhones. Bad news: only in Hong Kong (13)
(The Register) Interesting Adobe says if it open sourced its web platform, their competitiors would ruin it in a flash (21)
(Miami Herald) Unlikely Evil spirit and goat repellent could soon be the latest biofuel boondoggle (9)
(The New York Times) Interesting Sweden faced a financial crisis similar to the United States' in the early 1990s. Here's how they got out of it (59)
(Barron's) Fail Barron's has concluded that U.S. taxpayers will "make a mint" if they risk $700 billion to purchase mortgage backed securities that no private party is willing to touch (66)
(Yahoo) Unlikely Finance writer exceeds his recommended FDA crack limit, pulls numbers from his ass to prove "renting makes more financial sense" than owning (50)

Sat September 27, 2008
(The Weekly Standard) Scary "The huge European bank Fortis is apparently about to fail. The ripple effect on the American banking system could be disastrous, with bank runs, liquidity crises, and stock sell offs possible Monday."" (66)
(Bloomberg) Strange After urging Congress for a quick response and warning them of "grave threats", Bernanke has not returned to Capitol Hill. He was last seen loading large duffel bags into a helicopter (24)
(Reuters) Strange Portland, Oregon tops poll of favorite airport for business travelers, none of whom could explain why they were flying to Portland in the first place (47)
(Some Guy) Stupid Microsoft tries to make itself look younger. First step, buy a Mac (29)
(Financial Times) Obvious If you had Wachovia as the next bank teetering on the brink of bankruptcy, step up and collect your Lehman Brothers coffee mug (81)
(Bloomberg) Asinine Why did Wall Street executives authorize their firms to buy risky mortgages and other toxic debt risking the survival of their firms? They made $3 billion doing it. Greed is good. Greed works (42)

Fri September 26, 2008
(Right Wing News) Obvious Republican Senator Jim DeMint: Wall Street will "come out like bandits" on the bailout plan (83)
(Wall Street Journal) Fail Microahol? (26)
(Salon) Cool Angry Wall Street conservative wants his McCain campaign contributions back (26)
(Bloomberg) Asinine News: Bailout talks failed because congressional Republicans had their own plan which "advocates tax cuts and relaxed regulations." FARK: I'm not making this up (134)
(Cattle Network) Interesting Buffett may reshape America's nuclear power industry to better serve America. Plans include making all reactors run on Cherry Coke, insuring them with GEICO, and requiring operators to wear Fruit of the Loom underwear (14)
(Bloomberg) Fail The Treasury will need to issue $1.86 trillion of new debt in 2009, a 316% increase from last year, to assist funding daily operations of the US Federal government (67)
(Bloomberg) Scary The FDIC - you know, the one that insures every single citizen's bank accounts - will need $150 billion by next year. So don't give it all to Wall Street, eh? (16)
(Washington Post) Spiffy "What we need are a few exemplary hangings. Public hangings. On television. Pick a few failed investment firms, lead their CEOs in chains through the canyons of Manhattan and give the mob satisfaction" (112)
(Yahoo) Obvious Economic rebound in Spring of this year was less energetic than previously thought. In related news, there was apparently an economic rebound earlier this year (19)
(Yahoo) Followup The ousted WaMu CEO to collect about $18 million on his way out. Not bad for three weeks work (77)
(AL.com) Asinine The closure of America's largest chain of Chevy dealers had absolutely nothing to do with losing their GMAC financing and multiple state lawsuits for false advertising and bad business practices. Nope, nothing at all (25)
(AlterNet) Scary Phrases you really don't want to read when you economy is starting to look awful shaky: "The Treasury Secretary got down on one knee and begged" (40)
(Miami Herald) Obvious Bankers want struggling homeowners put out on the street. It's just more profitable that way (120)
(Press Herald.com) Interesting How does the current national financial crisis affect me? Well, remember those bonds to fix your roads and bridges? Yeah, about those (29)
(Forbes) Interesting The Subprime Meltdown 101. ABS, MBS, CDO, RMBS, and more all explained in one page (386)
(Marketwatch) Stupid Federal Reserve plans to cut interest rates to free up lending. Yeah, that'll work (67)

Thu September 25, 2008
(Reno Gazette-Journal) Spiffy Q. How can a local coffee shop ever hope to compete with Starbucks? A. By asking its baristas to wear lingerie to work. FARK: Every day. (Pics) (63)
(Newsweek) Fail Newsweek's top 10 best selling videogames of all time list. FAIL: The #1 game doesn't even come close to the sales of Super Mario Bros (59)
(CNBC) News Somebody tipped over WaMu (174)
(Valleywag) Amusing Banking analyst finds that when three out of ten Harvard MBAs go to Wall Street, it's time for investors to sell. "Harvard MBAs, in aggregate, subtract value" (129)
(PCWorld) Cool T-Mobile lifts 1gb limit on Android phone, still not an iPhone killer (26)
(J.R. Nyquist) Scary "The Kremlin knew that a financial crash was about to take place. They've been waiting on it. They are prepared to exploit it. And the Americans are completely oblivious. They are utterly unprepared" (76)
(London Times) Obvious Henry Paulson is to finance what Donald Rumsfeld was to military strategy (40)
(Reuters) Interesting Oil up $2 since it will be needed to lube up the taxpayers during the Wall Street bailout (23)
(Mercury News) Sad Google: Dear FCC, please open up this unused broadcast spectrum so we can offer America inexpensive devices and better wireless connectivity. Washington: STFU and GBTW (12)
(Bloomberg) Cool GM investing $370 million in new Michigan plant to ensure enough electric engines are being built for the upcoming Chevy Volt and Cruze compact (47)
(Reuters) Scary United States surprised to find that its Bank of China card is suddenly getting denied (126)
(The Earth Times) Interesting Having trouble selling your house? Toss in free a Lamborghini with purchase. This guy did (25)
(BBC) Followup Congress has reached an agreement regarding the outline of the bailout deal. If you live in the US and pay taxes, grab your ankles (1002)
(Marketwatch) Obvious GE cancels it's cash buyback plan and slashes earnings forecasts to preserve capital and prepare for a long recession. Laughs at Microsoft pissing away $40 billion on their stock buyback program (26)
(CNBC) Interesting Investors who think the ban on short selling provides a buying opportunity could get stung by a likely selloff when the rules expire (9)
(ABC News) Interesting One upside of the financial meltdown - smug MBA students will soon be as unemployable as medieval poetry grads (49)
(Wall Street Journal) Interesting How much will the subprime bailout cost? Strangely enough, it could end up making taxpayers money (145)
(Just a Girl in Short Shorts) Unlikely "The reality is that investors are not going to keep hundreds of billions of dollars under their mattress indefinitely" (16)
(Reuters) Obvious U.S. about to lose "financial superpower" status the same way it pissed away its "political superpower" status (46)
(Financial Post) Interesting US officials are turning their sights to the Royal Bank of Canada as they crack down on financial institutions. Because we always Blame Canada (12)
(Washington Post) Ironic Unintended consequences 101: Congressional bailout of Wall Street could actually force many Wall Street firms into bankruptcy (28)
(Philly) Amusing Our economy is strong. Our economy is strong. Our economy is strong. Our economy is strong. Our economy is strong. EVERYBODY PANIC (222)
(Free Press) Fail GM, Ford and Chrysler get $25,000,000,000 from U.S. taxpayers to continue producing crappy cars no one will buy. Bonus: Already plan to seek another $25 billion next year (85)
(Daily Kos) Dumbass The Treasury, on why the bailout check should amount to $700 billion: "We just wanted to choose a really large number" (273)

Wed September 24, 2008
(Canada's Financial Post) Interesting As a measure of how untenable the investment banks business model was, Michael Milken claims he worked under a debt/asset ratio 7 times less unwieldy. 98 indictments to pleading guilty on 6 ratio wipes sweaty palms (40)
(MSNBC) Scary Warren Buffett says we are "facing a financial Pearl Harbor". Great. As if we didn't have enough to worry about, now the Germans have to get involved (84)
(Wall Street Journal) Interesting Goldman Sachs gets all it can eat from Buffett (19)
(wauwatosa now) Cool Six new recruits of the Wauwatosa Fire Department are going to the Playboy Mansion Halloween Party after winning the Captain Morgan Original Spiced Rum Ultimate Pose Off (with spiffy winning pic) (26)
(Silicon Alley Insider) Interesting Apple announces 33%-off sale (41)
(Guardian.com) Scary Melamine: its what's for dinner. And dessert. And possibly breakfast too (29)
(Reuters) Interesting Having already destroyed Time Warner, AOL now looks to Yahoo (8)
(Bloomberg) Spiffy "It's nice to have a lot of money, but you know, you don't want to keep it around forever,'' Buffett said. "I prefer buying things. Otherwise, it's a little like saving sex for your old age" (20)
(Wall Street Journal) Obvious Dear Uncle Sam, I have this great business that I have failed at. You pay me what I want and I will give it to you. Well you did it for AIG, this is just like that (29)
(Some Guy) Interesting Administration finds out that credibility matters, as warnings about the need for a bailout are met with skepticism: "where have I heard this before? Iraqis have weapons of mass destruction, and they're ready to use them" (165)
(Bloomberg) Spiffy Senate passes Solar Tax Credit bill, which extends credits for 8 years. Is it me, or is the future looking brighter? Unless the House rejects it... then it's looking oily (22)
(Newsday) Amusing Microsoft laughs like a giddy girl as Google Transit tells riders they can't get from JFK Airport to Huntington, LI via mass transit, despite a LIRR station in Huntington and a direct connection to the LIRR from the airport (48)
(BBC) Followup Bernanke, apparently inches from wetting his pants, DEMANDS bail-out action or else the terrorists will buy all the apple pie and baseballs and CEOs might not be able to pad their offshore accounts any more this year (396)
(CNN) Obvious Oil prices fall after hearing the news that Matt Millen has FINALLY been fired. Needs a cold compress and a beer (12)
(Newsday) Sad REAL FACT: Snapple co-founder dead at 85 (37)
(Globe and Mail) Misc SEC chief demands credit swap regulation, recognition as most difficult NCAA conference (36)
(Some Guy) Stupid PETA pressures ice cream maker to use human breast milk instead of cow milk. In response, Ben & Jerry's introduces two new flavors: Jenny Garcia & Peanut Butter C-Cup (219)
(This Will Hurt Us More Than Them) Asinine Student and auto loans quietly added to the bailout. Next in line is Joey the Shark Lender and Leg Breaker, LLP (129)
(Newsday) Obvious FBI raids Long Island Rail Road offices, figuring that 97% of workers retiring on disability plus full pension with lifetime free golf might just be a ripoff (18)
(Ars Technica) Fail As of next month, eBay to only allow Paypal as the only form of payment. No checks or money orders or any other forms of electronic payment. Well, they will let you pay with "propay." (64)
(Lacrosse Tribune) Interesting What is plastic and turned 50 this year? If you guessed Michael Jackson you'd be wrong. Well, not wrong, but the answer is the credit card (21)

Tue September 23, 2008
(Fox News) Fail Chrysler unveils "secretly developed" electric cars. In other words, they are scared shiatless of going bankrupt (82)
(Fox News) News Fannie, Freddie, Lehman and AIG are under investigation by FBI for fraud (427)
(CNN) Spiffy New Freddie Mac CEO's base salary will be 25% less than his predecessor - only $900,000 (38)
(Yahoo) Interesting Ben Stein explains credit-default swaps and how they got us into this mess: "One might well wonder if the whole subprime fiasco was not set up just to allow speculators to profit wildly on its collapse" (198)
(Marketwatch) Asinine WaMu forbidden from finding deal to save itself, must wait for trillion-dollar taxpayer bailout (47)
(The New York Times) Stupid If you were one of those kids who loved to play in the box your parents' new refrigerator came in, then Nissan has a car for you. Behold, the ugly-ass Cube (70)
(Marketwatch) Hero DuPont decides that one of their employees is suddenly worth millions of dollars a year (21)
(Washington Post) Obvious Cash-rich Japanese banks are snapping up substantial bargains in the 2008 Wall Street knock-down sale after local investors completely lose interest (23)
(Yahoo) Scary What if the bailout fails? "The alternative is complete financial Armageddon and a great depression." Your cat and dog are shopping for sectionals (161)
(Network World) Obvious Unisys CEO steps down, to seek even more obscure job (12)
(Bloomberg) Asinine After rising on concerns over the financial bailout plan, oil prices drop out of concern over... *drum roll*... the financial bailout plan (38)
(The Consumerist) Asinine If you won't give Comcast your social security number, the terrorists win (156)
(Some Guy) Satire The bailout continues as the Fed buys up Baltic Ave, Marvin Gardens and Boardwalk (17)
(TBO) Obvious The Christmas retail season is expected to be slower than Paris Hilton with a NY Times crossword puzzle (20)
(CNBC) Interesting Despite everyone thinking the bottom of the market is near, the Fartknockers whip out some charts to prove otherwise (18)
(New York Magazine) Unlikely Every financial crisis has its upside: "This is the best time ever to maintain 10 girlfriends" (46)
(Financial Times) Followup Dollar up on news that the euro is circling the toilet bowl as well (19)
(MSNBC) Scary The U.S. economy has gotten so bad, even illegal aliens are saying "no thanks" (110)
(Wall Street Journal) Obvious Are you currently finishing up your MBA? Have you thought about the exciting world of retail sales? It's really your only option (61)
(New York Sun) Followup Next financial shoe to drop: $62 trillion unregulated credit default swaps market. Market analysts anticipate bubble in nano-violin futures (35)
(Seattle Times) Asinine Don't worry everybody: McDonald's promises that the huge banking failure crippling America won't stop them from installing espresso machines. Next window please, we're doing just fine (21)
(Science Daily) Weird Men who hold traditional views of women earn more than men who don't. Now fix me a ham sandwich biatch (34)

Mon September 22, 2008
(Fox Business) Obvious Liberal Arts Degree = mow my lawn, fetch me a bag of cheeseburgers (80)
(The Industry Standard) Fail Bank of America's online banking not online anymore. Don't worry, nothing to see behind the curtain (48)
(US News) Scary What would be the dollar cost of not bailing out Wall Street? 30. Trillion. Dollars (154)
(Breitbart.com) Obvious Circuit City CEO resigns amid financial troubles, confirming speculation that Circuit City still exists (24)
(Marketwatch) Asinine SEC bans shorting GM since shorting an American car company is like shooting fish in a barrel (70)
(Silicon Alley Insider) Obvious Mark Cuban's advice to newspapers: Bankruptcy is your best friend (10)
(CNN) Scary DOW plummets nearly 400 points in one day. This is not a repeat (478)
(Marketwatch) Interesting Markets off 250 as investors begin to realize the U.S. taxpayer is getting tired of writing blank checks to any Wall Street idiot who can't add (78)
(Bloomberg) Ironic How the Democrats created the financial crisis (403)
(BBC) Followup Alitalia may lose license to fly, spend all night engaging in madcap antics with Corey Feldman (9)
(ABC News) Asinine Big 5 Wall Street firms paid themselves $39 billion in bonuses even as their shareholders lost $74 billion (64)
(AFP) Interesting Amid financial turmoil, Microsoft reminds us how rich they are by repurchasing $40 billion in MSFT stock (13)
(Seattle Times) Followup Buying a house and selling it five weeks later to your gardener at a 50 percent markup sure was fun while it lasted (134)
(Reuters) Obvious Add "tax-funded bank stability" to "military expenditures" on the list of things the other G7 nations are happy about. You're welcome, rest of world. Signed, American Taxpayer (244)
(Politico) Interesting John McCain: Bank execs who take the mortgage bailout should be limited to a maximum salary of $400,000. Plus every screwed taxpayer gets to throw one free punch (237)
(National Review) Interesting "This is a very important week for the integrity of the Congress. This is a very important week for the future of America. If Washington wants our money, then it owes us some answers" (122)
(Reuters) Obvious London exchange halts world stock rally after someone apparently actually reads the U.S. bank bailout plan (13)
(Financial Times) Interesting Mitsubishi Stanley? (7)
(Marketwatch) Asinine It only took one weekend of executives slamming martinis aboard their yacht before begging to be added to the "no shorts" list. The SEC is doin' a heckuva job (17)
(Bloomberg) Obvious You might want to get that wheelbarrow back from your neighbor. You'll need it to carry enough currency down to the Pick 'n Save to buy a pint of vodak. U.S. dollar about to be "crushed" (96)
(Independent) Asinine If you guessed $2.5 billion as the executives' bonus for running Lehman's into bankruptcy, come get your cookie (59)
(Bloomberg) Interesting McCain says he would recommend Andrew Cuomo for top SEC position after he lops off current head Cox. Something about that sentence makes me cross my legs (15)
(MSNBC) Obvious Comcast reports no customer complaints from their new bandwidth management system. Says their customer service policy of "Go fark yourself" has worked quite well in reducing the number of complaints (54)
(The New York Times) News For the first time since the passage of Glass-Steagall, there are no significant investment banks left (322)
(Some Guy) Interesting Financial crisis proving a windfall for people who sell chicken feet, pork hocks, beef tongue and organ meat, because people can no longer afford steak (34)
(NYPost) Scary Wall Street was 500 trades away from 'Economic Armageddon' Thursday morning, which would have sent the Dow to the 8,300-level, a 22% decline even before the opening bell stopped sounding (42)

Business Farkives:    Complete archives