I have to wonder how come the Brits were able to move in less than 5 days from a call to action to action, how they arrived at a simpler solution than ours (theirs calls for guarantees of bank loans to each other and infusion of capital), a preservation of the structure of the system […]
Tuesday, October 14, 2008
Comments Off on The Fog of DeRegulation: Profits vs. Transparency
The American Bankers Association has asked the SEC to override accounting guidelines which require mark-to-market pricing for all securities, including flawed mortgage-backed securities carried on the books at asset values (prices) that are highly unlikely to be realized. The guidelines would make transparent the extent of hangover each institution has from the perfect storm of […]
Wednesday, October 8, 2008
Comments Off on AIG Gives New Meaning to F*ck You Money
It is especially hard for the outrage of a Congress tainted by its aiding and abetting what Warren Buffett called an economic Pearl Harbor (not an apt analogy since we did it to ourselves) to be credible. It must come from the electorate and CEOs with the right values. Outrage about what? About the self-absorbed […]
Tuesday, October 7, 2008
Comments Off on Cramer vs. Cramer
Jim Cramer has been famous for his stock market analysis and his schtick of frenzy (shouting, sound effects and subtext of we-can-all-make-a-pile in the stock market.). His publicity has been nothing short of genius. Something else is short. Yesterday, with the Dow down to 9900 or so, it was New Cramer vs. Old Cramer as […]
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?
Wednesday, October 15, 2008
Comments Off on Brits More Entrepreneurial and Decisive?