Ugly Boots © fintag

Today's shorts:
Hedgies slash fees because they don't like to be taxed (allaboutalpha)
NYT fail to use spellchecker (new york times)
UK maxes out on its credit card and stares into the void (ft)
Greece has last laugh (bloomberg)
Charities give middle finder to big Mike (ap)
AXA buy pirates toxic rum (emii)

Today's longs:
Goldman write benedict-condom emails (telegraph)
Bank of Ireland seeks bailout from shareholders (cityam)

News comments:
Let's face it, the UGG boot is pretty ugly. It cuts women's legs off and makes them look like they have stump like calves. However, they are very popular. They have have been for a number of years and like the holes in brogues or food that only covers 20% of a plate, they are pretty pointless.

Our brains are wired to be like sheep. We follow the hoards, no questions asked. Investing in Madoff to playing with Goldman Sachs at blackjack, we just love feeling safe. Nobody gets sacked for buying an iPhone despite it being more form over function.

Today we are using chatroulette to find friends and writing emails in benedict-goldman proof encryptions.

Gossip:
Bluecrest threatened with huge CGT liability if they go offshore.