Notable and Quotable

“Some hedge-fund managers have lost as much as a third of investors’ money amid the subprime debacle. But none of them are saying they’re sorry. Instead, in letters to clients, they point fingers at other funds, rare events and their own computer programs.”

The Wall Street Journal from this past weekend

Posted in * Economics, Politics, Economy

4 comments on “Notable and Quotable

  1. Lawrence says:

    When reading this I could not help but think of this poster:
    http://despair.com/ir.html

  2. Andrew717 says:

    Spot on Lorenzo. I love that site.

  3. Kendall Harmon says:

    Lorenzo, thanks–I hadn’t seen that site before

  4. Scotsreb says:

    Not to be too sardonic, but there is also a growing cultural reality, in which no one EVER says they are sorry and means it.

    I suspect that if someone apologizes, they think that they are somehow making themselves legally liable for what ever ocurred and so to avoid that trap, they never, ever apologize.

    On the other hand, it could just be a part of the growing cultural narcissism in which someone elses problem, has no bearing whatsoever, on ME, Wonderful ME, even if it it is I who caused (or helped to cause) the train wreck.