peHUB Second Opinion 10.31.08


Happy Halloween!

Yes, You: Each taxpayer now has around $1,785.71 of an ownership stake in U.S. banks, including JPMorgan Chase, Citigroup, Wells Fargo, Bank of America, etc. Chuck Haberman says, “as shareholders, we have thoughts on aspects of banking that seem beyond the scope of Messrs. Paulson and Bernanke.” Among his requests? Pens at bank counters that actually work, a moratorium on new bank branches in New York neighborhoods, and end to ATM fees, and an end to bank-sponsored sports stadiums.

Still?: October saw the greatest IPO withdrawal rate since 1995. I didn’t know there were any more to withdraw. The total is 30, by the way. I thought we stopped filing those ages ago.

Palinode, Obambulate Are Actual Words: Their definitions are even more surprising.
Palinode: noun: A poem in which the author retracts something said in an earlier poem.
Obambulate: verb intr.: To walk about.

Craigslist: In other election weirdness, NBC posted a list of ridiculous online personal ads offering trades for tickets to Barack Obama’s Chicago rally.

Private Equity Fund Formation Drastically Down: According to this chart, only ten firms were formed this year. That’s down drastically from 1998, 1999, when 60 were formed, and the slight spike in 05-06.