Last evening while watching television I caught the end of an interview with someone who supplied
outrageous details about the "managerial behaviour" of the CEO of Bear Stearns. Can anyone refer
us to the most revealing tidbits available online?
Barry
On Tue, 18 Mar 2008 20:06:50 +0000, Roger Day <[log in to unmask]> wrote:
>re: the thirties. I think it's something along the lines of don't
>mention it, and it won't happen. What pisses me off is that the whole
>deal is of the bank's making and we're the ones at the sharp end of
>their pontification over the years. Grrr.
>
>Roger
>
>On Tue, Mar 18, 2008 at 3:08 PM, Douglas Barbour
><[log in to unmask]> wrote:
>> Where will we find the Cantos for this (from The Independent)?
>>
>> Is this the moment? The moment, that is, when the world economy slides
>> into slump? The collapse of Bear Stearns is a signal of much worse to
>> come. Perhaps the most significant barometer of the economic health of
>> the world today isn't the FTSE 100, the Dow or the Nikkei, dreadful
>> though they were at times, nor the free-falling dollar or the soaring
>> value, yet again, of gold. Rather it is the suddenness with which the
>> situation is being compared with the 1930s, the most miserable decade
>> in a century of economic history.
>>
>> That may be an apocalyptic view, a typical product of the mood swings
>> of markets suffering from bipolar syndrome; but the world economy is
>> sick. It is suffering from illnesses that are beginning to feed on
>> each other, creating a vortex of downward spirals. Grim forces have
>> gripped the world economy, a combination not seen since the Great
>> Depression.
>>
>>
>>
>> I especially liked the reference to 'bi-polar syndrome,' an answer not
>> available back in 1929....
>>
>>
>>
>> Doug
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