Wednesday, February 18, 2009

THIS NUMBER SEEMS DOABLE

In an angry jest, I've suggested that we need to execute 3-4 thousand MOTU to send a clear message that we won't tolerate these people ruining the economy. Apparently, my number is a little low.

Davos Delegates in ‘Denial’ as $25 Trillion of Wealth Vanishes
By A. Craig Copetas and Christine Harper

Jan. 30 (Bloomberg) -- Regret is cheap for some delegates at the World Economic Forum in Davos, Switzerland. Redemption for their role in the worst economic wreck since the Great Depression comes at a steeper cost.

If atonement is difficult, retribution may prove “brutally difficult,” Starwood Capital Group CEO Barry Sternlicht said in an interview in Davos. As Sternlicht sees it, “everyone wants a head, and that’s not reasonable. To do that, you’d need to take out the top 20 executives at the 300 biggest financial firms.”


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