Thursday, September 25, 2008

What in the world?

OK I realize that the financial markets have been a little, how you say, wacky, for the last couple of weeks.  But the most surprising thing I've read came today:
 

UNITED NATIONS - Michael Douglas had to field questions Wednesday about the financial turmoil shaking world markets from reporters recalling his role in the 1987 film "Wall Street."

The actor sought to focus on the subject of Wednesday's news conference — urging the United States and eight other holdout nations to ratify a nuclear test ban treaty.

Douglas won an Academy Award for portraying the rapacious banker Gordon Gekko, who popularized the phrase "greed is good" in the movie.

After world leaders here condemned the "boundless greed" of world markets, Douglas was asked to compare nuclear Armageddon with the "financial Armageddon on Wall Street."

But the likening to Gekko did not end there, with a reporter asking: "Are you saying Gordon that greed is not good?"

"I'm not saying that," Douglas replied. "And my name is not Gordon. He's a character I played 20 years ago."

Douglas, who married actress Catherine Zeta-Jones in 2000, has won two Oscars — as a producer for 1975's "One Flew Over the Cuckoo's Nest" and as best actor for his role in "Wall Street."

Perhaps they should track down Charlie Sheen and get his opinion.  It's been a while since I've seen Wall Street, but his character seemed more level-headed than Michael Douglas'.  This is a sign that the American media has really jumped the shark. 

2 comments:

Gary Lamon said...

How is your company handling this mess?
Do you have any advise for the masses?

Frostbike said...

We appear to be handling the mess OK. Basically, we seem to have avoided the "get rich quick" mentality of buying lots of CDOs that are now labeled "toxic".