I read the Facetime with Maria Bartiromo section of the latest BW magazine today and it was quite painful. Personally, I think Barney Frank, Chairman of the House Financial Services Committee (D, Mass), said some things he should regret.
The interview is about Frank's opinion on Detroit, Housing, and Exec Pay
http://www.businessweek.com/magazine/content/08_51/b4113000737793.htm?chan=magazine+channel_the+business+week
"...Who would be on your short list for [car] czar?
I don't have a list because nobody's asking me to appoint a czar, and... I don't think about things where nobody cares what I think."
^eek, you should have an opinion, hello, you do serve in the House of the US Government!
"...If they [consumers] don't buy cars from those companies, so what? An entrepreneurial company will take their place and build cars."
^ ok at first I thought, yikes this is kind of a dumb question because everyone knows that the capital investment needed to start a car making company takes a liiiittle more than entrepreneurial spirit, but then again, I think this question was asked mostly to see what he'd say:
"Well, in the first place, it's hardly the American way to just let people go bankrupt."
^ Argh! haven't we already pretty much agreed that is our problem
"You know, people tell me,'Oh, let's just let the market do it.'"
^ yeah... so...
"[For example] we have American agricultural policy..."
^HA HA HA you're going to use THAT as an example
"...At this point, you are talking about a very weakened patient, and slapping that weakened patient around in the interest of proving some economic theory would cause even more damage..."
^newsflash: we've already proven that one!
Then he goes on in the next question to reference vampires... okay so maybe he's been reading too much "Twilight"
"Should GM acquire Chrysler? I'm not competent to say. I try to resist the temptation that too many of us in politics and the media fall into, which is telling people a good deal more than we know."
^ WHAT?!?! yes, he just said that
That's FACETIME BABY!
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