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Comment: A description of the muni bond industry that we find (um, how can we say this politely?) novel: “The opportunity to work in this industry with all of you has been extraordinary. The values, the vision of the people in public finance, my colleagues, my clients and, yes even my competitors -- we all shared a journey because we want to leave this world a little better than it was…. We are unique as a financials services sector because we actually care about people.”
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
A better tribute to the industry would have been singing Disney’s A Pirate’s Life for Me: Yo ho, yo ho, a pirate’s life for me We pillage plunder, we rifle and loot Drink up me ‘earties, yo ho We kidnap and ravage and don’t give a hoot Drink up me ‘earties, yo ho Yo ho, yo ho, a pirate’s life for me We extort and pilfer, we filch and sack Drink up me ‘earties, yo ho Maraud and embezzle and even highjack Drink up me ‘earties, yo ho Yo ho, yo ho, a pirate’s life for me We kindle and… Read more »
It’s a stimulus to HOPE … for an afterlife where smug muni-bond consultants will have their own circle, shared perhaps by rating agency VPs and other guardians of the public interest.
Is she doing God’s Work?
(Nov 9, 2009 – The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, says he believes banks serve a social purpose and are “doing God’s work.” “We’re very important,” Lloyd C. Blankfein said in an interview with The Times of London.)
Everybody who believes in God thinks God is on their side, including players of both baseball teams who look at the sky (is that where God resides?) and make the sign of the cross. Similarly, we have the song “God Bless America,” but many countries have songs where their God is blessing their country. Finally, to determine the probability of your religion being the one true religion, divide 1 by the number of religions in the world.