Layoffs Financed by You and Me

This is a brilliant post from yet another happily sarcastic economist:

EconBlog Review: Pfizer Buys Wyeth: Layoffs Financed by You and Me.

Follow with joy how AFM turned into Wyeth because drug margins are so much better than pots and pans margins.  How TARP money went to financing this merger, how Pfizer will lay off thousands of people — funded by TARP! — to maintain its dividend.

It’s a laugh a minute.