dd
--- Doug Henwood <dhenwood at panix.com> wrote: > New
U.S. Treasury Secretary Paul O'Neill in a WSJ
> interview:
>
> "I just don't understand what that conversation is
> about,"
> he said, describing some financiers as "people who
> sit in
> front of a flickering green screen ... and they make
> decisions on a carefully constructed, but
> nevertheless
> speculative, basis about three-basis-point
> movements."
> Though confessing that "I don't know how to do
> that,"
> he quickly asserted that "I probably could learn in
> about
> a couple weeks." Those traders, he said, "are not
> the sort
> of people you would want to help you think about
> complex questions."
===== “It is necessarily part of the business of a banker to maintain appearances and to profess a conventional respectability which is more than human. Life-long practices of this kind make them the most romantic and the least realistic of men” -- JM Keynes
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