Arbitrary Arbitrage

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This week we learn that debt isn't always a great thing.

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ArbitraryArbitrage.jpg

Date: November 28, 2012

Category: Feed Dump

Host: Graham Stark

Cohosts: Kathleen De Vere, Brendan "Beej" Dery

Editing: Kathleen De Vere

Synopsis

  • News Word of the Week: Blue 42
  • A former arbitrage trader owes his former employer six point three billion dollars.
  • A Polish firm that makes coffins has angered the Catholic church in Poland by advertising their wares with topless models.
  • In Flint, Michigan, the former mayor who resigned in 2009 while facing a recall has erected a bronze statue of himself in front of his gated home.
  • A man in Fort Worth tried to avoid jury duty by saying he was a felon. He was not. Then he tried to say he was the caretaker of an invalid. He was not. So then he just didn't show up, and they arrested him.

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