Evidently, the guy hired by Hank Paulson to dole out the $700 billion (or $850 billion, or $1 trillion, or whatever) bailout is also a former executive of Goldman Sachs. The man may be a genius, but all I can see is how he helped take his employer nearly to Chapter 7. As such, it's unclear to me why I ought to trust him with a hot dog stand, let alone with a bailout plan that could either rescue or wreck our economy.
It's really one of my persistent pet peeves; executives take their company to Chapter 11 or 7, and promptly get hired in another executive position, often one with more responsibility and pay. What ever happened to telling a man "Bob, you're very talented, but you took your last company down the toilet. It's time for you to re-start a few levels down."
Quote of the day. - On my craft: psychiatry, and from Paul Mullen. One of my fears for psychiatry is that we are allowing clinical practice to degenerate into a process which ...
6 hours ago