It’s Davos time, and you know what that means. Every talking head with an opinion will be spouting off their big idea(tm) of the day, their mouths forced to move at a rapid pace, opening and closing spasmicly lest an overeager reporter shove a microphone past the point that triggers the gag reflex. Soros, of course, is no exception.
“That (the “bad bank” proposal) will help relieve the situation, but it will not be sufficient to turn it around,” Soros said during a live interview at the Davos economic conference in Switzerland. Instead, Soros said he would create a “good bank” and re-capitalize the good assets.
If it’s not Soros talking about the effects of “the Lehman thing,” it is someone else talking about the effects of “the Lehman thing,” so really, couldn’t we just do without Soros for awhile?
Soros: ‘Bad Bank’ for Troubled Assets Is Bad Idea [CNBC]
I’d very much rather hear Soros’ opinions on what to do with respect to the economy than you EP.
@1 I agree
and the link doesnt work..
What is worse, Cosmo’s futures trades,
or this article?
For fuck’s sake. If you’re going to bitch about him talking about “the Lehman thing” then you should include a quote of him talking about “the Lehman thing”.
Did Soros destroy your GBP holdings or something?
too black Wednesday, didn’t read
Couldn’t we just do without EP for good? Really, what a waste of bandwidth this post was.
@1 & 2: Soros fag–err I mean fanboys. STUF and GTFO.
did you catch when Soros said “I vant to suck your blood!”
FOR IMMEDIATE RELEASE
DAVOS, SWITZERLAND
WORLD ECONOMIC FORUM
January 28, 2009
KLAUS SCHWAB, FOUNDER OF WORLD ECONOMIC FORUM ANNOUNCES SURPRISE PANEL
GLOBAL PONZINOMICS: THE VIEW FROM WALL STREET
The following are excerpts from today’s surprise panel discussion:
KLAUS SCHWAB: Distinguished guests, today we have arranged a surprise panel to lead us through the cutting edge of Global Ponzinomics. As you all know, the modern day version of Ponzinomics has its origins on Wall Street. I know you are all keen to hear directly from the leaders of Wall Street as well as the regulators all of whom made this remarkable feat of financial wizardry possible. The organisers of the Forum have spared no expense in bringing you a first rate panel. I would like to thank the United States Marshall Service for its cooperation in making it possible for Mr. Madoff to attend the Forum. That is a custom designed Cartier bailout bracelet Bernie is wearing. It is designed to explode if he gets within 50 yards of any UBS Branch in Davos. Mr. Madoff requires no introduction. His genius and modesty is well known. We thought it would be appropriate for Bernie to lead today’s panel discussion. At this time I would also like to thank Citigroup for providing special air transport services to bring the panel participants straight to Davos on such short notice. Without further delay, I turn the discussion over to Bernie.
BERNIE MADOFF: “I would like to express my sincere gratitude to many of the participants in this forum. Without their undying support for so many years, my achievements would not have been possible. They deserve much of the credit for making the modern paradigm of this fascinating art possible. As you all know, Ponzinomics were invented by Charles Ponzi some 100 years ago. Who would have thought that the genius of this humble man would become the driving force behind today’s global financial markets. Dick, before I forget, would you please be good enough give me the number of that Real Estate lawyer in Palm Beach.”
DICK FULD: “We thought we had all the bases covered. We were hedged up the wazoo. I was certain that we managed to make ourselves too big to fail. In the end I was wrong. I underestimated the financial tsunami of 2009. My big mistake was not finding a way to put a Lehman banker in the Treasury. Lloyd you snookered me on that one.”
JOHN THAIN: “I would like to start by saying three things: First, I have posted my French Commode along with my resume on Craig’s list and Monster.com, Second, Ken you can take that faux hand Grenade sitting on your desk and shove it you know where. As we shall see, BAC is one big live hand grenade and Ken has already pulled the pin, Third, can anyone tell me where I can find a reputable antique dealer in Davos? Oh, and one more thing, Stan O Neal owes me my bonus.”
KEN LEWIS: “John, you and I both know that I’m the CEO of BAC and you are not. You did not jump on the bailout hand grenade like a good bailout soldier. For this you must suffer the consequences. If this is not good enough, I will meet you on the top of the Weissfluhgipfel at O-700 hours for a Chinese downhill. The downhill will decide everything.”
HANK GREENBURG: “You are all a bunch of rascals, give me back my Company so I can lose it fairly!”
LLOYD BLANKFEIN: “As I have said on many occasions, the Goldman investment banking model remains sound. We concentrated our efforts on putting men of Gold in the halls of power. This has paid off handsomely. Hank Paulsen saved us from the AIG explosion. The primary purpose of TARP was to save Goldman Sachs and this goal was achieved magnificently. Hopefully, the hiccups we are experiencing will dissappear in due course. Then we can all get back to business as usual.”
VIKRAM PANDIT: “In response to yesterday’s negative press we have decided to divide the Citigroup jet fleet into two halves consisting of good jets and bad jets…”
JIMMIE CAYNE: “Anyone know where I can find a decent bridge game around here?”
PHIL GRAMM: “If we could just stop all the whining.”
ALAN GREENSPAN: “Where am I”
CHRISTOPHER COX: “I did what I was supposed to do.”
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