what are you good for
From time to time around these parts, when things get really, really bad, we like to take a few moments to get a little perspective. Yes, you might be out there getting your ass kicked. Yes, you might be living in a state of panic about the future of your job. Yes, you might feel unjustly maligned by those protesting Wall Street. Yes, you might be worried about a less than stellar bonus necessitating you turn your “bedroom into a home office.” But at least you’re not forced to suffer the indignities of working at the mercy of an ineffectual regulator too pussy to stick its hand up someone’s ass when it really matters and for that you should be thankful. Read more »
“Executives at Diamondback, where FBI agents had ordered employees to put their hands in the air as they entered the premises, also were said to have been caught off guard — especially so because Peter Derby, a former top SEC official, is an employee of the fund.” [Reuters]
Of Senators who are under the impression that The Beard’s last name is ‘Ber-na-ke’. Obviously this will be added to throughout the day.
* Sen. Richard Shelby
* Sen. Chris Dodd (really?)
In addition to getting his esteemed opinion on rugs and lampshades last night, the organizers of John Thain’s talk at Wharton hit on some other subjects, mainly what he thinks of his peers. Unfortunately, the lady of the hour refused to talk some smack about the guy he’s uniquely positioned to dish on, responding to the innocent query, “What do you think of Ken Lewis?” with “You know, it’s tempting to answer that question but I’m not going to.” Honestly? No. I don’t accept this.