tag:blogger.com,1999:blog-16752530.post7443422961228315069..comments2023-07-14T10:05:24.644-04:00Comments on The Reasoned Sceptic: Equity Market Turbulence & More Comments from Kyle BassC Neulhttp://www.blogger.com/profile/13359260012492887159noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-16752530.post-32183084853560074542011-10-06T07:16:42.757-04:002011-10-06T07:16:42.757-04:00The statement
Someone mentioned on CNBC this morn...The statement<br /><br /><i>Someone mentioned on CNBC this morning that any corporations which get caught by surprise by a Greek default should fire their senior management, because we've had since April of 2010 to see this coming.</i><br /><br />points out the financial illiteracy that afflicts this nation.<br /><br />The statement is analagous to a salesman reporting, "I was drunk when I put in the client order, they wanted to sell $250 Million, not buy $250 Million. Luckily, the trader managed to get out of the position with a little gain"<br /><br />Those responsible for any significant exposure to Greece should be fired now regardless of whether Greece defaults. The bad judgement and the failure to correct that judgement is in no way mitigated by a lack of default by Greece.TallIndianhttps://www.blogger.com/profile/11804493195815876399noreply@blogger.com