I'm not exactly a big fan of Elliot Spitzer. In fact, I'm taking part in what Barry Ritholtz called "A schadenfreude festival on Wall Street" about the whole thing. While I think he mae some small positive impact by shining a brighter spotlight on some agency issues previously kept in the dark (a view shared by Nell Minow of the Corporate Library), I think he caused far more harm by using his office to browbeat firms for his own political gain. He also came off as a vindictive, somewhat megalomaniacal S.O.B. who regularly used his office to threaten those who disagreed with him.
So far, Long or Short Capital has the best summary of the affair (in pictures, yet) here.
The finance classroom meets the outside world (and vice-versa). Back away slowly from the computer with your hands up and your mind open, and with luck nobody gets hurt.
Showing posts with label Current Events. Show all posts
Showing posts with label Current Events. Show all posts
Monday, March 10, 2008
Monday, April 16, 2007
Virginia Tech Shooting
There's not much anyone can say either to the survivors of the Virginia Tech shooting or to the parents of the victims. But let's keep them in our prayers.
Then go and give your kids (and your friends) a hug.
Then go and give your kids (and your friends) a hug.
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