Eugene David
...The One-Minute Pundit

Thursday, February 05, 2009


[W]hile it’s probably true that some highly qualified people who might otherwise have been interested in, say, taking over from Vikram Pandit at Citigroup will now shy away from that job, on the whole I’ll be surprised if the plan ends up having a significant impact on the quality of executives at troubled institutions....

TRANSLATION: How much more incompetent could they get?


(Via Seeking Alpha)

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