Nelson Mandela. Gerry Conlon. Rubin “Hurricane” Carter. Spiritual Leaders, Freedom Fighters and Saints Among Men – all falsely accused, wrongfully imprisoned and later exonerated as justice eventually prevailed. Today you can add Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin to that list, as the world collectively breathes a sigh of relief. Detaining…
Credit Crisis
Lapping the Crisis Quarter Makes For Pretty Headlines
As I’ve just thoroughly enjoyed the opening weekend games of the NFL, I thought I’d start with a football analogy to make my case. Here is a bizarre but true factoid that exemplifies the drawing of flawed conclusions based purely on logic: If the Detroit Lions win a single game in the 2009 season, their…
Is BankersBall Extinct?
Is the all-about-investment-bankers website BankersBall the latest victim of the credit crisis? If so, isn’t it the most deserving victim left? Hardcopy relics of the Age of Free Money have ceased publication this year and the world hasn’t quite stopped spinning on its axis. Trader Monthly, one of the douchiest rags ever printed, ran out of money sometime in…
