We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
As reported here on the 21st, the antics on Wall Street continue to amuse and baffle Maggie's Farm. One often hears that "fiction is stranger than truth" but it's true we just can't make this sort of thing up. John Thain must have been sleeping through the meeting that created the merger between NYSE and Archipelago Holdings because how else could he think he wouldn't be chastised for bringing in his old firm? Honestly where is the smarts, John?
Langone, Mack and Druckenmiller also seem to be rubbing their hands together smelling a coup but I think this is going to get uglier as more and more people become involved. Clearly Mr. Thain must have thought the same thing or he would not have kept it under wraps until announcing it publicly. But New York Attorney General Eliot Spitzer is on the heels of anything that moves so it is highly unlikely that we have heard the last of this. Stay tuned to this channel for more on the "Boys from Downtown."