Monday, March 23, 2009

I never thought that Brad was poor (successful textbook and all that) but I had no idea that he and Lucien Bebchuk were *that* rich.

Brad yesterday

The World Is Divided into Four Groups of People

This weekend, at least, the world appears to be divided into four groups of people:

* People who have no opinion of the Geithner Plan because they have not been briefed on it...
* People who are strongly opposed to the Geithner Plan because Tim Geithner is a socialist who wants to destroy American finance...
* People who are strongly opposed to the Geithner Plan because Tim Geithner is a corrupt plutocrat who wants to give Americans' money to the princes of Wall Street...
* Lucien Bebchuk and me...

The New York Times Today

"Markets Leap More Than 5% on Details of Bank Rescue"

Maybe Lucien Bebchuk has the spare hundreds of billions.

Of course it is possible that the market soared because the socialist Geithner overplayed his hand and, so much the worse, so much the better, the Randian revolution is nearer. Or because the plan is positive proof that "Tim Geithner is a corrupt plutocrat who wants to give Americans' money to the princes of Wall Street" and investors think that they are the princes of Wall Street (I mean people have the strangest fantasies some times).

Still I must admit I'm surprised.

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