Eugene David<br>...The One-Minute Pundit

Eugene David
...The One-Minute Pundit

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2/1/04 - 2/8/04

1/25/04 - 2/1/04

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1/11/04 - 1/18/04

1/4/04 - 1/11/04

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6/22/03 - 6/29/03

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6/1/03 - 6/8/03

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5/4/03 - 5/11/03

4/27/03 - 5/4/03

4/20/03 - 4/27/03

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4/6/03 - 4/13/03

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3/23/03 - 3/30/03

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3/2/03 - 3/9/03

2/23/03 - 3/2/03

2/16/03 - 2/23/03

2/9/03 - 2/16/03

2/2/03 - 2/9/03

1/26/03 - 2/2/03

1/19/03 - 1/26/03

1/12/03 - 1/19/03

THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.

THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.

THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.

THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.

PERMALINKS:

THE NEWS HACKS' DICTIONARY

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Sunday, March 16, 2008

Posted 6:41 PM by Gene

Comforting to know as Bear Stearns might sell itself for half its Friday close:

Throughout much of its history, Bear Stearns has masterfully persuaded the market that its business — narrowly focused on mortgage finance — was worth more than it actually was. To some degree this trick has been a testament to the coy gamesmanship of two of its past leaders, Alan Greenberg and Mr. Cayne.

Both men are devout bridge players and Mr. Greenberg is an amateur magician as well, so they are well schooled in the art of not showing their hand.

Well, bridge may not be poker but it's still a card game; and certainly the Richie Riches of the Wall Street Casino are incomparable at making money disappear -- without a magic wand, even.

P. S. $2 a share.

The central bank has agreed to fund up to 30 billion dollars of Bear Stearns’ less liquid assets.

Uncle Sucker comes to the rescue!

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