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Heather Mallick has this to say about the current crisis:
Some people find Mallick irritating, but she definitely has a way with words.
"The cost of a funeral can be more than $10,000," American International Group was telling – OK, threatening – Canadians in a TV commercial on the same day the memorial service for its U.S. parent was held courtesy of the Bush administration. The cost of the funeral for the world's biggest insurer was $85 billion. Even as they expired, the insulated Canadian branch that shares the AIG name was trying to sell low-income Canadians insurance to pay for their own coffins.
These huge, shambling gambling firms haven't caused enough trouble for their sentient customers; now even the corpses are headed for a pauper's grave.
But what does one say to a fallen giant? Shame on you? You Lehman boys go straight to your rooms and think about what you've done!?
So the Lehman lads are weathering it out upstairs because they didn't technically do anything wrong and they won't suffer. They created jewels out of old chunks of sewer brick and played them in a casino. The laws that sent Conrad Black to jail were ye olde obvious ones that anyone would have been a fool to break. What Wall Street did en masse was greedy and stupid, but there are no rules against that. Quite the contrary: everything in our modern ethos encourages it.
These huge, shambling gambling firms haven't caused enough trouble for their sentient customers; now even the corpses are headed for a pauper's grave.
But what does one say to a fallen giant? Shame on you? You Lehman boys go straight to your rooms and think about what you've done!?
So the Lehman lads are weathering it out upstairs because they didn't technically do anything wrong and they won't suffer. They created jewels out of old chunks of sewer brick and played them in a casino. The laws that sent Conrad Black to jail were ye olde obvious ones that anyone would have been a fool to break. What Wall Street did en masse was greedy and stupid, but there are no rules against that. Quite the contrary: everything in our modern ethos encourages it.