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Wednesday, February 6, 2013

RE STANDARD & POOR'S SUIT

What a pathetic showing.

As everyone knows, these were relatively poorly paid, quant grunts, on Wall Street, at the beck and call of the houses.

I actually interviewed for an analyst job, back in 79 or 80. 

It was considered a slippery stepping stone, at best.

Only the average American,

in the relative total darkness of global market capitalism now,

will think this is a form of retribution for anything.

Michael Lewis' books flesh this fact out rather well.

Both Liar's Poker and Moneyball.

Cynical in the extreme, given S & P's serfdom position on Wall Street.

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