Imagine that you are a really important person, let's say, for the sake of argument, the Treasury Secretary of the US. And you've had a really shitty day at work. Not many people like or trust you. You get a lot of bad press. You're probably tempted to just throw in the towel and retreat to a modest 100,000 acre shack somewhere. Then, just when the chips are down at their downermost, at the end of another shocking day in the stock market, out of nowhere, one of the few visible figures within the finance world with any credibility left suddenly steps in to lodge a very public vote of confidence in the now-hollow Bulge Bracket. Amazing. Incredible. Miraculous. It's almost enough to make one believe in some sort of intelligent design theory...
Tags: Woody Guthrie, Frank Zappa
Tuesday, September 23, 2008
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