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Lehman Bros. and Bear Stearns are toast -- and on toast on eBay

I've put together a good-sized Enron memorabilia collection, inspired by the affordability. I was able to buy an Enron lunch bag on eBay for less than the cost of a similar nonbranded product at Wal-Mart.

The collapses of Lehman Bros. and Bear Stearns aren't anywhere near as interesting but the headlines have attracted a swarm of eBay listings. According to The New York Times, "When a big Wall Street firm goes belly up, one bet you can take to the bank is that memorabilia will be offered for auction on eBay within hours. "

If you're looking to support a charity instead of an opportunist -- or burned employee who, having lost his 401(k) grabbed a stack of mugs on his way out the door -- one seller sold a piece of toast with the initials "BS" and "LB" branded on each side. Proceeds benefit the Children's Diabetes Foundation in Denver. The price? A mere $15.50. A piece of toast that offers the ticker symbols of companies about to collapse would likely be worth far more.

As an investment, I don't think Lehman and Bear memorabilia are compelling: collectibles from the Enron and Worldcom blowups do not appear to have appreciated in value.

Supreme Court declines taking Yahoo! Case

On Tuesday the Supreme Court declined to hear a case regarding Yahoo!'s ability to countersue the plaintiffs against Yahoo! in the French court case which levied a fine of $15 million against Yahoo!.

The original case began with Yahoo!'s listing of Nazi memorabilia, which is a prohibited item in France, on its website in France.  A complaint was filed by the Union of Jewish Students in France (UEJF) and the League Against Racism and Anti-Semitism (LICRA) against Yahoo!

The French court ruled that Yahoo! could be fined $15 million unless the items were inaccessible to French residents; Yahoo! decided to remove the items altogether.

Continue reading Supreme Court declines taking Yahoo! Case

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Last updated: February 11, 2012: 02:02 PM

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