Federal Preserves

or How to can a Pickle or … How to Pickle your own Herring…

I was reading the Wall Street Journal today. On the same page as Bank and Hedge Fund bailouts is what to do with all the excess fruit of monster pumpkins….the title of the article is Pumped Up.” 🙂

Ready to be pickled and join the Federal Preserves:

2007: banks: JP Morgan, Citibank and Bank of America
hedge funds: Merrill Lynch, Bear Stearns, UBS and Wachovia

Current reserves of Federal Preserves:
2001: Enron
1999: monster hedge fund Long-Term Capital
1980: Drexel
1979: Chrysler

rejects: home owners’ mortgages

and the lesson?

If you are going to grow a pumpkin, think Monster Pumpkin, Pumped Up!

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