Friday, October 16, 2009

Hokey Smoke* Bullwinkle! The Columbia Journalism Review: "Good Goldman Question From Zero Hedge" (GS)

*From a September '07 post "Hokey Smoke, Bullwinkle-"NATURE" Opens the Link-Vault on Energy!":
For those of you too young to remember, Rocky actually said
"Hokey Smoke" as a lead-in to some commercials.
Advertisers weren't too thrilled.
To make nice Rocky started saying

"And now, here's something we hope you'll really like."
"This is what I really call a message."

Before we get to the treasure-trove from Nature, a few more R & B quotes:

Rocky: Do you know what an A-bomb is?
Bullwinkle: Certainly. A bomb is what some people call our show.
Rocky: I don't think that's very funny.
Bullwinkle: Neither do they apparently.

Bullwinkle: Humble, that's me... Mr. Modesty.
When it comes to humility, I'm the greatest.

Bullwinkle: You just leave that to my pal. He's the brains of the outfit.
General: What does that make you ?
Bullwinkle: What else? An executive..

And now without further ado, Mr. Know-it-all (CJR's Audit blog):

Seems reasonable to me:

“What Is The Rationale Behind The SEC’s Hiring A 29 Year Old Goldmanite As Its COO?”

While one may or may not have feelings about Goldman’s tentacled capture of various regulatory agencies, the most recent news out of the SEC that it would be hiring a 29 year old former Goldman Vice President Adam Storch as its COO, questions the rationale behind this move. First, and not being ageist here, but a 29 year old to run what is arguably the most critical post at the SEC - that in charge of operations?

So far, news accounts have been pretty straightforward.

I’m not the fan of ZH that some are. To pick nits, the first sentence isn’t grammatical: “the most recent news…questions the rationale behind this move.” And this SEC position is actually COO of the enforcement division, which, true, is just as problematic, but it still isn’t arguably the most critical post at the SEC. Listen, we make mistakes all the time—and they don’t help us, either.

New York’s Joe Hagan makes a good case for Zero Hedge’s (and other financial blogs’) rising influence...MORE