Morgan Stanley’s Gorman Says All Is Well
MS co-president James Gorman had an interesting interview with a TV guy from Bloomberg
Oh, Politics Are As Dirty As Porn
Checks And Balances On Best Display
A US Supreme Court justice’s order to delay automaker Chrysler’s sale to Italian carmaker Fiat shows the beauty of the system of checks and balances. The Obama administration desperately wants this deal to go through as quickly as possible, but nothing can stand above the rule of the law.
Everybody Is Going Boutique
Former Blackrock co-founder Ralph Schlosstein joines Evercore and talks to the FT
Timothy Geithner On CNBC
talking about the public-private investment program, on the day the Dow went up 6.8%. will he be smiling two days from now?
The Treasury has some good furniture…
Listen To President Obama, Wall Street
March 19, 2009: Today Show with Jay Leno, here is what President Obama said:
“Part of what happened over the last 15, 20 years is that so much money was made in finance, that about 40% of our overall economic growth was in finance. Now we are finding out is that a lot of that growth is not real. It was paper profits on the books but could be easily wiped out. What we need is steady growth, we need young people, a smart kids coming out of school, instead of wanting to be an investment banker, we need them to decide they want to be an engineer, they want to be a scientist, they want to be a doctor, or a teacher, if we are rewarding those kind of things that are actually contribute to making things, making people’s lives better. That’s gonna put our economy in solid footing, we wont’ have the kind of boom and bust economy we got so caught up in the last several years.”
