It's always useful to scan the FT's morning business briefings for a bracing dose of almost poetic reality. Here are a few gems from this morning's global missive:
Fannie to draw further $15bn
GM future in doubt after $31bn loss
RBS taps UK Treasury for £25.5bn
Bank failures put pressure on FDIC
Dell profits drop as business takes battering
JPMorgan slashes quarterly dividend by 87%
Colorado's oldest newspaper shuts down
And, as always, the euphemisms and colorful adjectives and phrases are priceless. A small sampling:
beleaguered bank
net worth below zero
dire financial condition
unexpectedly heavy cash drain
stoking fears
under severe pressure
crumbling business models
highly stressed environment
Mustard seeds and bottoms my ass, lol
Is the internet bad for you?
1 hour ago
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