Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, April 6, 2009

NY mag on the politico story

It's poor when one magazine does a story on what a blog writes but this was funny.

From NYMag

Obama Offered Stern Words, No Snacks to Bankers

"My administration," he said to them, "is the only thing between you and the pitchforks."

We like to imagine that here Vikram Pandit said, "Thanks, dude," and Jamie Dimon slapped him upside the head.

"The only way they could have sent a more Spartan message is if they had served bread along with the water," the source tells Politico, and we would like to highlight that he said the inclusion of bread would make it extra Spartan, because that feels indicative of just how far these guys' heads are up their asses

There was no group photograph taken of the CEOs with the president, which typically happens at ceremonial White House gatherings but not at serious strategy sessions.


They went all that way and they didn't even get a picture that proved once and for all that they had a black friend. That is just not fair.

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