While Citi begins to slash its work force, Asian banks start to the feel the pain, and most hedge funds on the planet brace themselves for liquidation, combination or, at the very least, a staff reduction, the fat (in the wallet) folks over at Paulson & Company, one of the few financial institutions having a field day these days in the markets, decided it’s a great time for some fine wine.
Cheers, Johnny Boy. Enjoy while it lasts.
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