March 2009
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Month March 2009

Patience

In leonine profile and repose he dilates with closed eyes

In posse, implicit, abeyant, summoning prey for pride

He stands one ear erect and pulls silence in its wake

Lids retract and set dyads padding to either side

To tack through the swaying grasses, pounce and scrag

Gravid barges pouring salty blood, spilling calf

To make the lion’s share, for here [...]

Mark to market? That can be arranged.

The hieroglyph that represents the lock bet is a new emblem for a new era of what I am calling “reverse secondary marketing.”

Clearbrush

California Restarts Daily Electricity Auction – WSJ.com

Deja vú redux. Unmentioned are the late lamented Smartest Guys in the Room. With so many Masters of the Universe trader types out of work is this really the best time to be reopening the Games?

GM CEO resigns at Obama’s behest – Mike Allen and Josh Gerstein – POLITICO.com

How unexpected is this? Apparently, part of the job description of POTUS includes doing M&A. Can a Secretary of Investment Banking be far behind?

Tony Schwartz: Our Infinite Capacity for Self-Deception

Each of us shares an infinite capacity for self-deception. What we fail to see – or willfully resist seeing – runs us, outside our awareness

And the worst part is that we both know that we are lying to ourselves, being lied to and not really believing it, all at the same time.

There’s a lesson here, somewhere. I wonder what it was.

Cod crashed, too

Iceland instantly became the only nation on earth that Americans could point to and say, “Well, at least we didn’t do that.”
In 2006, at the predecessor of a company I used to work for (N.B.: I no longer work there!), I attended a conference on CDOs. Besides meeting the commercial attache of Ukraine, I think [...]

That’s what I thought, too

Job security

On writing

The reason was a fear of immodesty, born of the injunction that wasps shouldn’t “make a show” of themselves. It was all right for me to explain the decisions that other writers made, but not the ones I had made. Only gradually did that affectation strike me as foolish. I would find myself remembering some [...]