In a sure sign that times are tough all over, Santa Claus managed to get through this year's Christmas deliveries, but cannot promise he'll be stopping by anyone's home in 2009 or beyond now that Treasury officials–egged on by Scrooge-like members of Congress–denied him a bailout loan to keep his North Pole enterprise from going under.
Full credit for this sad report goes to my fellow blogger, Kenneth L. Tepper, CEO of ARKequity, a Radnor, Pa.-based private equity firm. While the full report runs on Ken's blog (click here), his synopsis appears below.
Read it and weep!
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