Monday, November 30, 2009

Felix Salmon writes a classy post

Mark Pittman was right.

Props, Felix. I'd bet Mark would say that your batting average ain't so bad.

UPDATE: This one is not so classy, but oh so good, too:
Back in April, Willem Buiter called Citigroup “a conglomeration of worst-practice from across the financial spectrum”; he followed up in June with a blog post entitled “Too big to fail is too big“, in which he likened Citi’s former chairman and CEO, Win Bischoff, to Ayatollah Ali Khamenei. Which maybe explains why there’s no quote from Buiter himself in the press release announcing his arrival at Citigroup. Maybe they just thought it would be better to have him inside the tent pissing out.

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