Tuesday, March 03, 2009

John Mack Sings Bohemian Rhapsody Duet With Charlie Rose

No fantasy spun in scripted conversation will escape an approaching tidal wave.

I have eaten my honeycomb with my honey;
Song of Solomon

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Is this the real life? Is this just fantasy? Caught in a landslide, no escape from reality!
Open your eyes! Look up to the sky and see...

For anyone on the hunt for professional conduct worthy of satire the exercise recently staged by two lifelong friends, Charlie Rose, host of PBS's Charlie Rose Show, and John Mack, CEO of Morgan Stanley, truly represents the stuff classical dramas are made of. On the side of a free press we have a groveling lap dog whose questions possessed all the penetrating power of a BB gun. And on the side of free enterprise, a living ghost effectively denying the depth of the crisis his firm helped create, seeing opportunity in an approaching tidal wave about to shatter the world as we know it, still believing the ascendancy of private finance over public credit can continue in some better regulated framework maintaining the status quo.

Some might suppose this unprincipled discussion — coming from what are thought respectable personalities — is a danger to posterity. Yet no fantasy spun in well-scripted conversation can escape reality. Even if the likes of me did not sing the lead on probabilities unspoken — reconstitution of the Bank of the United States — the very stones would join this chorus. Let irrelevant chatter echo all it wants. Those fool enough to abide by it soon enough will be swept away in a tidal wave of bankruptcies rivaled only during the Great Depression.

—Tom Chechatka

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