Deep Thought – Memories

Even More Memories: Remember about a month ago when we gave Bank of America billions so they could keep lending money to businesses and they stopped lending money anyway? Fool…

Requiem for Old School Capitalism

Winthrop Smith — son of one of the original partners of Merrill Lynch Pearce Fenner and Smith — gave an occasionally angry eulogy for Merrill Lynch at the shareholders meeting that was to approve ML being sold to Bank of America:

Today did not have to come. In the past it was Merrill Lynch that came to the rescue of Goodbody, White Weld and Becker. It was Merrill Lynch that strong and successful firms like Fenner & Beane, CJ Devine, Smith New Court, DSP in India, Midland Walwyn in Canada and Mercury Asset Management wanted to join. Merrill always thrived in times of turmoil and grew market share. Today did not have to come.

Today is not the result of the sub-prime mess or synthetic CDOs. They are the symptoms. This is the story of failed leadership and the failure of a Board of Directors to understand what was happening to this great company, and its failure to take action soon enough.

I stand here today and say shame to both the current as well as the former Directors who allowed this former CEO to wreak havoc on this great company.
Shame on them for allowing this former CEO to consciously and openly disparage Mother Merrill, throw our founding principles down a flight of stairs and tear out the soul of the firm.

Star Wars on Christmas.

Luckily, I was only 2 years old in 1978, and fortunately did not witness the Star Wars Holiday Special, or if I did, I don't remember it.   I wonder, though,…

Irony…example # 2,300,204.5B

The U.S. Army is looking to private contractors to provide armed security guards to protect Forward Operating Bases in seven provinces in southern Afghanistan.

Deep Thought

In five years I'll be curious to see if the divorce rate for people who met through eHarmony is higher/lower or  the same as the rate for people who met…

Definition of a hypocrite

From talkingpointsmemo.com *************** Back when Congress was debating the bailout package this fall, Gingrich was bravely sounding the alarm about the nefarious influence wielded in Washington by mortgage giants Fannie…

Now I have read it all

h/t susiemadrak.com for this one.

I read Frank Rich yesterday and he alluded to a similar thing and it gave me pause.  But this article, from the WAPO is mind numbing.

But skeptics say Obama’s predilection for big thinkers with dazzling résumés carries risks, noting, for one, that several of President John F. Kennedy’s “best and brightest” led the country into the Vietnam War. Obama is to be credited, skeptics say, for bringing with him so few political acquaintances from Illinois. But, they say, his team reflects its own brand of insularity, drawing on the world that Obama entered as an undergraduate at Columbia and in which he later rose to eminence as president of the Harvard Law Review and as a law professor at the University of Chicago.

I get it, he should put the CEO’s of all the fortune 500 companies that have dazzled the country with their Brilliance and success? I mean, we go from an administration that riddled the Dept of Justice with lawyers from Regents University? We had a guy that was a horse judge run FEMA? And now, that damned liberal MSM is going to complain about Obama appointing…wait for it….smart people? Rhodes Scholars, MIT and Stanford Grads and others from Ivy League institutions? He should be appointing the CEO from Astra Zeneca to run the FDA?

jesus christ…I’m going to be sick reading this…continue on if you can. liberul media my ass

What Republicans Like: Recessions

Recession of 1902, 23 months, Republican, Roosevelt Recession fo 1907, 13 months, Republican, Roosevelt Recession of 1910, 24 months, Republican, Taft Recession of 1913, 23 months, Republican, Taft (1) Recession…

I Get It: Wingnuts Heart Guns

If ever I feel that I am not reading as many Delaware wingnut blogs as I should, I click over to commonsensepoliticalthought.com and read that we'd be safe and sound…