Lehman went into the Banana Republic on the corner of Bleecker and Sixth and tried on a pair of "easy fit" jeans. He had Orwell on his brain and could figure out that this pair of jeans was for the fat. For fat folks. For fat fucken people. Lehman no like. Lehman decide to downgrade Gap (which owns Banana Republic as well as Old Navy stores) from 23 to 20. Politics played no art in this decision.
"It’s hard to lose three pounds," Lehman said. "Much wiser to shave three points from the value of an inflated former growth stock."