Tuesday, September 18, 2007

A shrine to Bernanke

In corporate finance class this morning, I took out votive candles and lit them as a shrine to St. Bernanke, as the Fed debated the rate cut. It eventually emerged with a .5 cut, more than the .25 that Wall Street had anticipated. I have grave doubts that this was such a great idea - but I'm quite certain it was the mystical force of the shrine that brought it about. Wall Street should send me a sizable check.


Garth Sullivan said...

greenspan certainly been making the rounds disclaiming all responsibility for the irrational exuberance that fueled the tech and mortgage bubbles.

and he's probably right.

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