Quote of the Day: Me!
Hey, I am the "Quotation of the Day" for July 24, 2008
"The collection of ne'er do wells, clueless dolts, political hacks, and oh, let's just be blunt and call them what they are -- total Idiots -- expands into an ever larger circle.
"While the Republic burns due to the unsavory combination of incompetence, ideological rigidity, and crony capitalism, the fools and assclowns seem ever more determined to avoid any personal responsibility for the damages they have wrought. Instead, they flail about blindly, blaming everything and everyone -- except their own horrific negligence.
"This is financial incompetence writ on a scale far grander than anything seen for centuries."
- Barry Ritholtz, money manager, on the current market calamity.
http://www.citywire.co.uk/adviser/-/blogs/business-development/content.aspx?ID=308546
Cool!
Thursday, July 24, 2008 | 05:00 PM | Permalink
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Comments
Bravo, Barry....next they will be quoting Grant on Outrage....
Posted by: xyz | Jul 24, 2008 5:06:27 PM
there is going to be BullsEye on your back....
Posted by: Mark | Jul 24, 2008 5:28:45 PM
I presume you are alluding to Congress.
Posted by: algernon | Jul 24, 2008 5:28:56 PM
Classic stuff! I don't recall seeing that one elsewhere - well worthy of a self-quote.
Posted by: patient renter | Jul 24, 2008 5:30:06 PM
And dont forget to top it all off with a dollop of family values!
Posted by: catman | Jul 24, 2008 5:30:14 PM
I finally understand why I like you, as much as I can like a person vis a vis a blog:
You have good information to convey, and you use words like "ass-clown" to convey it.
Bravo! I would sign up for your service if I could afford it :). Maybe in a year or so.
Posted by: Joe | Jul 24, 2008 5:34:40 PM
bravissimo!
Posted by: Huy | Jul 24, 2008 5:35:47 PM
The observation is true enough.
The more complicated question, however, is what legislation might there have been which could have ACTUALLY BEEN APPROVED by both Congress and the Administration and which would have prevented all this?
Easy to come up with solutions in retrospect. But I’m not sure that Congress would have gone along with any of them during the 2002-2005 bubble period.
Posted by: DL | Jul 24, 2008 5:36:55 PM
Bravo!
Posted by: AGG | Jul 24, 2008 5:38:47 PM
Is 'assclowns' really a noun? Great! Never heard it before, but I'll use it regularly now. Super descriptive word.
Posted by: Mark | Jul 24, 2008 5:43:56 PM
Is 'assclowns' really a noun? Great! Never heard it before, but I'll use it regularly now. Super descriptive word.
Posted by: Mark | Jul 24, 2008 5:46:06 PM
> "This is financial incompetence writ on a scale far grander than anything seen for centuries."
Don't hold back, say what's on your mind.
:)
Posted by: Bob | Jul 24, 2008 5:48:43 PM
That was pretty smoking. Mish had a pretty smokin piece (yesterday?) on delusions of market solvency, but your quote was much more to the point.
Posted by: russell120 | Jul 24, 2008 6:03:03 PM
Bravo!!!
The truly bad part is that there is no easy way out of the mess we're in.
Where have all the great leaders gone?
All we have now are selfish, self serving political hacks that can't see five minutes into the future - so sad.
Jim
Cordova, Tn.
Posted by: Jim | Jul 24, 2008 6:08:27 PM
In the words of the famous philosopher, Hulk Hogan, "Preach it, brother!"
Posted by: PHB | Jul 24, 2008 6:25:05 PM
They didn't even get to the best part.
Ideological Idiocy.
Posted by: sunsetbeachguy | Jul 24, 2008 6:30:57 PM
Hmmm, I don't know if I should laugh or cry that in 30 years from now when they write about this time in the history books, there will be quotes like this written about our times. And directly opposite this will be Paulson "We believe in a strong dollar policy"
Laugh or cry, maybe a combo of both.
Posted by: Shane | Jul 24, 2008 6:36:07 PM
You deserve it, no doubt about it.
Let's not forget that said assclowns have been abetted by a media that have lost any remnant of moral fiber and obedience to the facts, to become abject servants of the dominant ideology and their own cataclysmic laziness.
Posted by: Francois | Jul 24, 2008 6:36:53 PM
Remember the famous encouragement given to Harry Truman: "Give'em Hell (Barry)!"
Posted by: Francois | Jul 24, 2008 6:39:00 PM
And quoted by Brits! It's not often they deem us so worthy...
Posted by: Bad Home Cook | Jul 24, 2008 6:42:36 PM
Great quote...now let's do something about it. Host a live issues roundtable on your blog...you mediate...with anti-clueless dolts such as Volcker, Roubini, Bogle, Shiller, maybe Bill Seidman...other nominees? Otherwise we may as well give up. No way our politicians can get us out of this on their own. When the roundtable is done, call Kudlow and go on his show to promote it. Even get his buy in on some points if possible. C'mon Barry...you can pull it off. Whatever you want me to do, you have my email.
Posted by: Steve Barry | Jul 24, 2008 7:03:54 PM
Give em hell Barry!
Posted by: John | Jul 24, 2008 7:12:54 PM
Hey name some names.
Point the finger.
Say, GEORGE BUSH!
Posted by: Will Waters | Jul 24, 2008 7:39:17 PM
Nice work, Barry, but I hope this isn't a sign that you've "jumped the shark".
Posted by: Jeff | Jul 24, 2008 8:22:05 PM
I'm afraid I have to exclude Paulson from this. He's been Treasury Sec for a year and inherited a disaster. I tremble to think what would have happened had Snow still been there. Whatever any of the hyper ventilators say(and you don't really disagree do you Barry?) he and Ben had to rescue Bear and F/F. Because the banks have pulled back, F/F are currently buying some 90% of the reduced amount of mortgages being originated and hold or guarantee the famous $5trillions worth. Anyone who thinks they should be allowed to fail in order to satisfy the abstract virtue of moral hazard basically doesn't have any idea of what their talking about. By all means make your point BR that there has been a lot of incompetence and chicanery but don't get disconnected from the reality which first attracted me to this blog. Paulson is doing a pretty good job. Him and Gates are the only competent people in this administration.
Posted by: John | Jul 24, 2008 8:23:43 PM
