Having grown somewhat bored of the "Obama Economic Superfriends Application Process Lacks Best Practices Diligence Guidelines" story for a while, but still unable to resist secretly reading Bloomberg stories on the topic, we came across a curious quote from Senator Charles Grassley. Specifically:
...executives at firms that seek government help need to take responsibility for "driving their corporations into the ground" and adopt a "Japanese ethic."
"One of the things you do is, you either go out and commit suicide, or you go before the American public and you take a very deep bow and you say, 'It's all my fault and I'm sorry and I'm going to straighten it out.' Or you might resign."
Leaving aside for a moment a discussion of the effects a bushido code might have if adopted on Wall Street (but, by all means, please feel free to address this in comments), it is hard to argue that a few well placed acts of seppuku (and the cascading acts of oibara) wouldn't have rather... interesting results on The Street.
Mixed emotions, dear readers. Like Larry Wildman going off a cliff... in my new Maserati.
A "Don't Short Me, Bro" mug for the commenter coming up with the best "Death Poem" and name of kaishakunin for your favorite disgraced Wall Street luminary. Go.
Grassley Says Obama Team's Vetting of Nominees 'Too Rushed' [Bloomberg]