I thought March Madness referred to the NCAA tournament, but looks like the madness has taken over the market as well. With the Treasury secretary’s “new” plan unveiled at the beginning of the week, the S&P index was off to the races and up another 6.5%. Yay! The recession is over!! Wait, what? As Ali-G’s character Bruno would say, “Ish-don’t think so”. Let me be clear, while this was a nice market move, nothing fundamentally has changed for the better and fellow New Yorkers are still getting the pink slips left and right. If you don’t believe us, just look at all the deals that are still popping up out there. You should get your FBF to take you out to a nice FREE dinner at Essex Restaurant in the LES - provided that you can prove that you are unemployed. They say all you need is a “letter of employment separation, unemployment payment history, foreclosure documents, Dear John Letter, etc”. Ummm, raise your hand if you don’t have one of those?
Now, back to our boy Timmy Geithner. The new Treasury plan reminds me of when my girlfriend changes her Fendi bag for an Hermes one while keeping the rest of the outfit the same and asks me how I like her “new” outfit. Ahh, is this a trick question, pretty much the same as the old outfit. Hold on, rewind. What I meant to say was “you look fabulously stunning and the “new” bag really goes much better with those shoes!” Except in the Treasury plan’s case, the “new” plan still blows and I don’t have to lie about it.
Speaking of Fendi and Hermes bags, I’ll do all the FBF’s out there a solid and tell you ladies to not only browse this website, but to start adhering to its philosophy, renting Prada bags is the way to go in this economy-www.bagborroworsteal.com. Now, if we could only get those Nigerian guys selling LVMH bags on the corner of Prince and Broadway to let us start renting…
Brought to you by Anonymous Finance Guy (and occasional DABA Girl Sympathizer)
