gut checks
8 really scary predictions from FORTUNE Marc Ambinder in Atlantic: It’s quite unsettling to talk to members of Barack Obama’s transition teams these days
swindling futurity on a large scale.
“The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction… I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity… is but swindling futurity on a large scale.” – Thomas [...]
“the silliness is being vaporized”
says a long time Wall St. trader. If only it were so. Richard Fuld, the CEO of Lehman for the last 14 years, has had to suffer such indignities as cashing only a $40million paycheck, and seeing his Florida home lose about $4million in value during this housing crisis. Did he even notice this change [...]
