peHUB Second Opinion 9.19.08

Reuters: We saw the PE consortium back out of its purchase of Informa. I can’t imagine Informa being surprised. But think about it, this is probably happening across the board. Which other big-ticket PE deals disintigrating becuase of uncertainty and distractions?  Huawei anyone?

Dealzone: The Paulson plan backlash. Not listed in this particular rundown of backlashers is John McCain. Though, as Dealbreaker and Breaking Views point out, its not clear if either candidate is all that qualified to weigh in so heavily on these topics.

Dealscape: Why is this happening? The tech boom, of course. A Dartmouth professor explains that speculators traded in their holdings in stocks for real estate after the fallout of the tech bubble, and that, my friends, is why our drunken, exotic, new fangled, however-you-want-to-characterize-CDOs-and-CLOs came to be.

FT: Lex writes TGIF in celebration of a market recovery.

That three banks – Merrill Lynch, Lehman Brothers and HBOS – were wiped off the planet earlier in the week seems like a dull memory.

Tell that to the unemployed, who are probably humming Tonight we’re gonna party like its 1929 a la Prince’s “1999” in their heads after this painful week.

FT: Christopher Caldwell tells us to stop panicking. Before delivering a few panic-inducing views of his own.

EconLog: More on shorts. Now, you wouldn’t be here if you didn’t already understand this, but EconLog lays very simply and very clearly out how shorting works and how it cannot destroy a good company. Via Abnormal Returns.

Executive Suite: Joe Nocera agrees with much of the econoblogosphere (yes, I actually said it), that Chris Cox is unfairly punishing short sellers. “At least Henry Paulson is focusing on what matters — unlike Christopher Cox at the Securities and Exchange Commission, who is proving more than ever than he is a politician and not a regulator. Read it and weep.”

Avast!: Today be International Talk Like A Pirate Day.