Tuesday, May 26, 2009

Financial Crisis Anniversaries: What to Buy?

Pick a financial crisis anniversary:

On June 12, 2007 two Bear Stearns hedge funds speculating in mortgage-backed securities melted down.

Carlyle Capital Corporation, a 39-1 leveraged fund specializing in mortgage backed securities, imploded March 17, 2008.

September 14, 2008 Lehman Brothers filed for bankruptcy.

Allan Sloan of WaPo and Fortune Magazine wishes all an unhappy anniversary. What does one buy for an unhappy anniversary? Ben & Jerry's, dark chocolate, a Lotto ticket or distilled spirits? Choose your diversion.