...and havin' a blast! Yes, I'm spending my day watching the Goldman hearing. I didn't plan to do this, it just happened. But I'm sure glad it worked out this way. I vacillate between hating the senators and hating the GS kids. And between loving the senators and loving the boys. Sometimes the conversation looks like my 17-year-old son trying to explain the difference between the music of Lil Wayne and P. Diddy to an 85-year-old Belarusian who speaks no English. The knowledge divide is immense! But there's plenty of CYA and political rhetoric to go around, that's for sure. I respect Mr. Sparks' attempts to explain the complexities of the market to his elders; I like Mr. Tourre's willingness to not rest on legalese; I get a huge kick out the predictability of Mr. Birnbaum's CYA-speak (he wins in this event); and the exasperated brevity of Mr. "Um"'s (forgot his name) responses. There's nothing new about this showdown and it was very easy to explain it to my teenage boys (who watched with me for quite a while, much to my surprise): I mean, c'mon, politicians expressing disbelief and anger at these apparently unethical, greedy players versus slick, coached, extremely experienced and smart professionals defending their daily grind and covering for their employers?...not hard to explain. They could be speaking Farsi and we'd all still get it.
My problem is, I see both sides. I respect the skill of Wall Street bartenders, but I, like many, have suffered thanks to their concoctions. They made great lemonade, as Mr. Sparks said, but it was folks like me and my neighbors that were left to suck the lemon rinds.
And yet, can I trust our DC reps to sort this out and come up with the best answer? I'm not that drunk..
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