What the heck? AccMan

Wall Street Lights - courtesy of Jason Perlow

My ZDNet colleague Jason Perlow has a post that illustrates all that is wrong with Wall Street:

If Wall Street weren’t neck deep in economic doggy doo, and that several of our financial institutions hadn’t just failed and weren’t spending 700 billion dollars of taxpayer bailout funds — of which nearly 350 billion has already been spent and hasn’t been properly accounted for, I’d be willing to leave it at that. However, I think this display sends totally the wrong message, particularly when most people probably don’t realize NYSE is a public corporation and not a government-owned entity…

I understand that this is a tradition that NYSE has been doing for 85 years. But this isn’t just any old year for Wall Street. Perhaps next year they should think twice about doing something so frivolous.

Is Jason right to be outraged? I think so.

Tagged as: bailout, Investing, Wall Street, ZDNet

Jon Reed

This kind of over-the-top neon light/chest beating crap has never rubbed me the right way; in times like these it seems particularly misplaced. In addition to the obvious ethical spending contradictions, there's that old truism that the louder you feel a need to shout about something, the more insecure you are. But then, if they put me in charge of this kind of stuff, I'd be hiring artists to paint murals and such and I'm sure I'd be shown the door with a map to the train station rather quickly.

- Jon -

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Ben Tremblay

Mebbe I'm just delusional, but applying Occam's razor leaves me with this: the GOP old-boys' network put the boots to the economy when they saw Obama on the horizon.

I'm far from unbiased / impartial: my prime thesis for years / decades has been that any vaguely progressive politician is staring into the face of a capital strike.
War on Iraq? Sure, no problem. Adjustment to reduce income disparity? No f'n way.
It's a zero-sum game, n'est-ce pas?

p.s. in the mid-70s, research a) corporate involvement in South Africa (then under apartheid) and b) mis-direction of aim funds it occurred to me that forensic accounting would be a dandy sword to wield. Still seems that way to me.

*kicks Gravatar*
I've got a pic registered. It usually works. You might want to peek under the hood.

Dennis Howlett

This theme is very picky - it's probably some dopey code problem. (doh)

Nope - it was me cocking up a setting in WP - now fixed.

What the heck?

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