
what i'm listening to ...
Someone needs to tell this writer that describing the financial world’s reaction to Obama promising to make BP pay $20 billion as “Wall Street’s collective asshole slamming shut in terror” makes him sound stupid. If I had been reading an article about some celebrity or band - it would be fine to describe something like that. This guy’s attempt to make the BP oil spill all “rock n’ roll” just makes him look really unintelligent.
Side note - I agree with the content of the article and think the unregulated world of derivatives needs a massive overhaul (and can’t believe no one has done anything about credit default swaps since the entire economy collapsed).