Friday, July 23, 2010

Laugh of the Day

From CNBC:

"Wall Street Fumes At White House Fin Reg Rebuke

The White House’s decision not to invite the chief executives of JP Morgan Chase and Goldman Sachs to today’s ceremonial signing of the financial overhaul legislation has many on Wall Street fuming.

President Obama signs the financial regulation bill into law at a White House ceremony, with two big bank CEOs not invited. JP Morgan CEO Jamie Dimon and Goldman Sachs chief Lloyd Blankfein were both left off the invitation list for the signing of the Dodd-Frank financial reform bill into law.

“It looks a bit like crony capitalism—the White House playing favorites and rebuking companies that don’t instantly agree that every policy coming out of the Democratic caucus on Capitol Hill is the most brilliant idea ever,” an executive at one of the companies whose chief got an invitation said."

You've just got to laugh. I wonder why Bush didn't invite Saddam Hussein to be there when he declared war on Iraq.

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