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Filed under 'finance'

March 6, 2009

Wall Street on the Tundra

Great article by Michael Lewis on the reasons for the Icelandic financial collapse. Favourite quote: ‘Before Alcoa could build its smelter it had to defer to a government expert to scour the enclosed plant site and certify that no elves were on or under it. It was a delicate corporate situation, an Alcoa spokesman told me, because they had to pay hard cash to declare the site elf-free but, as he put it, “we couldn’t as a company be in a position of acknowledging the existence of hidden people.”’

October 13, 2005

Bank of America | Keep the Change

BoA campaign which rounds up your debit card purchase to the nearest dollar, and deposits the “change” in your savings account. Smart plan for them, since it’ll encourage people to use their debit cards for “small” purchases (see the example of “cup of coffee”). Pain in the arse for me, if it means that I’m stuck in the queue behind said person paying for a sodding cup of coffee with a debit card.

saute-swinish