On this day

“On this day in 325 a.d. was opened the Ecumenical Council of Nicea in Nicea near Constantinople.  At issue was the nature of the Trinity & Christ.  Even if you are not a Christian, the outcome of that council has  exercised a vast influence over you.  The ancient philosophical question of which is ultimate, the …

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The moral corruption of an institution is confirmed by the moral corruption of its leaders

Often the moral corruption of an institution is confirmed by the moral corruption of its leaders. I’m not talking about the cash flow industry (!) The latest example is Dominique Strauss-Kahn, a.k.a. “The Seducer” (I kid you not — that’s his nickname), the head of the International Monetary Fund.  As you know, he was hauled off …

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Brazilians

The Defense Department briefed the President this morning. They told him that 2 Brazilian soldiers were killed in Iraq. To everyone’s surprise, he collapsed onto his desk, head in his hands, visibly shaken, almost in tears. Finally, he composed himself and asked, ‘Just how many is a brazilian?’

Where Our Taxes Go

No wonder Fed Chief Bernanke fought so hard to keep the Fed’s lending a secret. I just read in Rolling Stone magazine a story entitled “The Real Housewives of Wall Street.” It seems that the Fed loaned bailout money of $220 million to the wives of two Morgan Stanley bigwigs. After his wife got a …

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