15 Comments

beautiful

Expand full comment

i still don't think was a 'biden gaffe'. everyone (fucking mara liassom) is telling me it is, but methinks the more the lady protests the more i think this was a VERY deliberate campaign.

that long deliberate thing that leaves mittens gasping like a reeled in fish in the midday sun in deadwood.

Expand full comment

The Morman on the white horse, pls.

Expand full comment

Long time == millions of nanoseconds.

Expand full comment

You know, I'm kind of hesitant to call Rmoney a sociopath, because that's a pretty serious label, and probably not one that should be applied by non-psychiatrist blog commenters. I grant that -- to my untrained eye -- his lying, and history-revising, and not-remembering, and obvious lack of any empathy do resemble common traits of sociopaths; but I think we should simply refer to him as a lying, flip-flopping, disingenuous, pandering cultist.

You know, so as not to offend sociopaths by the comparison.

Expand full comment

On Wall St., any financial "product" that earns commissions and fees is successful, by definition.

Expand full comment

Any position that Mtt's held for months pretty much IS a long-term value.

Expand full comment

"You don't go to campaign with the positions you wish you had, you go to campaign with the positions you have."

Expand full comment

I think the rocket scientists slept on their heads and dreamed up those exotic instruments. Many of them were designed to serve a specific function.

One of the many problems is that an investment bank doesn't always want to be on one side of the trade. So their team of Gabby Smoothtalkers would peddle them to clients.

They really didn't care if the product suited the client or not. They wanted their commissions, just as you wrote.

I would certainly agree with you some of the suspender snappers didn't understand them. Even worse, I think many of them did comprehend them quite well. They just didn't care.

Expand full comment

How dare Obama publicly announce a change in position? Everyone knows the right thing to do is pretend that was your position all along!

Expand full comment

Dear Willard (Wind Sock) Romney, Go fly a kite. I'm sure you know which way the wind is blowing. MG

Expand full comment

(r)Money takes a lot of credit for gay marriage.

Quelle surprise!

Expand full comment

Hard to follow the thread here.

I keep getting distracted by the author photo from Ann Falter's new book, over there on my right.

Expand full comment

You meet a lot of people like that in finance.

Yes, he might be smarter than the average bear. But not all that much smarter.

And, as you suggest, not every other bear out there is stupid.

Expand full comment