Well, Isn't That Special!

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Jan 26, 2008 8:27 pm

Yeah, that would be the same response, given by Church-Lady of the early years of "Saturday Night Live", when reading the link below. Nice to know that those responsible for massive lay-offs and massive losses will be getting back on their feet, shortly.

 
http://www.nytimes.com/2008/01/27/business/yourmoney/27kim.html?ref=business
 
Also, I found this snippet interesting. A foretelling of things to come, with the rehiring of these jerks?
 
"Perhaps the most notorious example of failure leading to prosperity is John Meriwether. Ousted from Salomon Brothers in 1991 for his role in a bond trading scandal, he became a co-founder of Long Term Capital Management, the hedge fund that nearly collapsed in 1998, rattling markets worldwide. He has since founded a second fund, JWM Partners, with assets of around $3 billion."
Jan 26, 2008 8:53 pm

Sorry. It appears the link won't work unless you've signed-up for NYTimes online. I accessed it through www.Prudentbear.com, which is a great site, by the way.


So, suffice it to say, if you're going to fail, fail big. I mean really big! Then wait for the job offers to flow in!
 
Jan 26, 2008 10:22 pm

imagine what a great gig that French guy is going to get

Jan 27, 2008 5:04 pm
gad12:

imagine what a great gig that French guy is going to get

 
 You're right, although I think he'll do some prison time, first. Then he'll write a book and become a millionaire.
 
I've wondered when the next "Barings Bank"-style scandal was going to erupt and here we have it.