An amusing joke:

A Lehman Brothers’ lawyer takes a cab to the bankruptcy court. The cabbie says the fare is $27. The lawyer says, “Come inside and join the unsecured creditors.”

Here’s a humorous little holiday carol about defaulting on a mortgage…

Found over at Mish.

Here’s 10 Principles of Economics, translated by The Stand Up Economist:

Something humorous for a Sunday evening…


Just in case you’re not enjoying the way the economy is going… get yourself a good cup of coffee and send a subtle message to the rest of the world.





There’s an interesting op-ed piece from Bloomberg columnest Matthew Lynn where he makes a few predictions for 2009… one of the ones I enjoyed was this section:

Bust Culture

Five, the rise of frugality gurus: After the bling culture, we will need to get used to the bust culture. Television channels will clear all the real-estate shows from their schedules, replacing them with guides to growing your own vegetables. We will take pride in making our cars cover that second 100,000 miles. A new breed of frugality gurus will emerge out of the recession, dispensing tips on how to make the pennies go further. The best ones will make a fortune.   

Anyone want to become a Frugality Guru?

Amusing list from Dealbreaker, the Top 10 Reasons I Invested My Entire Fortune With Madoff:

1. But… he was self-administered! His costs for trading must have been so low!

2. Goldman did due diligence in 2001 [“no we didn’t”,“yes you did”] and they gave him a pass.

3. “C’mon… even if he does anything they will look the other way. He has friends on the inside!”

4. “I gave half to the preacher on television, and I gave half to the investment manager on television.”

5. “With all those parties, I figured he must be legit. You know… the Schwarzman rule.”

6. “I didn’t invest with Madoff. I invested with FGG. Their diligence process is serious business.”

7. “Screw FGG. Tremont is much more diligent.”

8. “You are both idiots. Pioneer Alternative has got my back.”

9. “He had the best Sharpe ratio in the whole world!”

10. “I said no comment. Oy vey.”

Pure Schadenfreude, but still amusing.