My favorite part is when Ben Stein (who gets it really wrong, but whom I otherwise enjoy watching) says that Merrill Lynch “is an astonishingly well-run company.” So well-run, in fact, that only months after he said this, the company suffered an 8+ billion dollar loss in 2007 and fired their CEO as a result.
November 26, 2008
Now This Guy Is a Prophet
Meet Peter Schiff. I had never heard of him before today. Over 2 years ago, he was accurately predicting exactly what has happened in our economy. Everyone, and I mean everyone, was scoffing and laughing at his dire predictions. Well, they're not laughing any more.
My favorite part is when Ben Stein (who gets it really wrong, but whom I otherwise enjoy watching) says that Merrill Lynch “is an astonishingly well-run company.” So well-run, in fact, that only months after he said this, the company suffered an 8+ billion dollar loss in 2007 and fired their CEO as a result.
My favorite part is when Ben Stein (who gets it really wrong, but whom I otherwise enjoy watching) says that Merrill Lynch “is an astonishingly well-run company.” So well-run, in fact, that only months after he said this, the company suffered an 8+ billion dollar loss in 2007 and fired their CEO as a result.
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