12 June 2008
Merrill Lynch Chief Executive John Thain Can Kiss My Shiny Metal Ass
It appears that Thain really wants continued access to the Federal reserve discount window, what I have called the sh%$pile for cash program, to continue in perpetuity, but is aghast at the thought that continued access might be predicated on greater regulation of investment banking as an industry.
You want the taxpayers on the hook for your mistakes, but you want the government out of your hair so that you can make those mistakes.
You sound an awful lot like those farmers who want the government off their back, and in the next breath ask for their subsidy check.
It makes one wonder how much a Harvard MBA is really worth.
You want the taxpayers on the hook for your mistakes, but you want the government out of your hair so that you can make those mistakes.
You sound an awful lot like those farmers who want the government off their back, and in the next breath ask for their subsidy check.
It makes one wonder how much a Harvard MBA is really worth.
Labels:
Finance
,
regulation
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