DealBook has a simply brilliant piece today about the impact of Amaranth’s collapse on the cabbies of White Plains and Greenwich. When the hedge fund was roaring, cabbies could count on a regular stream of reverse commuters taking the $45 cab ride into the Connecticut back-country. These days, business is down. Way down.
And, of course, there are always vultures circling over the corpse.
...the taxis still carry some riders to Amaranth as well.
“Now I think we’re bringing lawyers,” Mr. Talley. “Helping to close the company, I think.”
Is it just mean that we assume the lawyers aren’t tipping the way the hedge fundsters did.
Amaranth’s Other Casualty: The Cabbies [DealBook]