Wednesday, June 17, 2009

Eddie Bauer died years ago

Stupid article.

The upshot is that Teh Great Recession has put Eddie Bauer into Bankruptcy.

Eddie Bauer, like Toys R Us, Chrysler and Citibank, are *bad* businesses that have been kept alive for the last 8+ years because of the "free money" era loans/IPO/IPCap and accounting trickery. Teh Great Recession has just meant that the free money era is over and companies can't survive on borrowing. Except maybe Citibank, cause TARP is forever baby!


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