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Thursday, November 20th, 2008

Posts Tagged ‘ Word One ’

Breathtaking Hubris

Apr 4th, 2008 | By Dave Gonigam | Category: Politics & Economics

Like the Bourbons, Bear Stearns CEO Alan Schwartz has learned nothing, and forgotten nothing. Amid five hours of blather on Capitol Hill yesterday about the credit markets’ near-meltdown, Schwartz explained away the demise of his firm with a rationalization that even OPEC ministers no longer believe when trying to explain high oil prices: in his own words, it was “unfounded rumors and attendant speculation.”

Tags: Alan Schwartz, Bear Stearns, economics, Mortgage Securities, Opec, politics, Word One
Posted in Politics & Economics | CommentsBreathtaking+Hubris2008-04-04+18%3A31%3A55Dave+Gonigam

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