Tuesday, February 3, 2009

"Mistakes Were Made"

The New York Times tries to generate sympathy for despised money managers.

“I’d almost rather say I’m a pornographer,” said a retired Wall Street executive who, for self-evident reasons, asked not to be identified. “At least that’s a business that people understand.”

"Hi, Sailor! How about a convertible, subordinated debenture? Only fifty bucks? Twenty?"

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