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BRIC To The Rescue

I feel sure that the error in this Bloomberg article will become clear to everyone when a rash of BIC lighter purchases coincides with waves of suspicious fires in negative equity real estate holdings, not only recapitalizing home owners who over-insured, but also reducing the surplus housing inventory that is currently weighing on real estate prices nationwide.
The real story here is the Goldman analyst who, bleary eyed and heavy lid, fielded that scratchy voice mail from the head of research and fat fingered BIC right into BRIC. Too much cheap scotch at the local I-Hate-Thanksgiving watering hole, perhaps?
BRIC Shoppers Will 'Rescue World' Says Goldman Sachs Economist [Bloomberg]


Bachus to Call for Investigation into Shorebank Rescue

We knew this was coming. Charlie Gasparino is reporting that Spencer Bachus is ready to call for a Congressional investigation into political pressure on big banks to rescue the failing lender Shorebank Corp.