Killed The Cat
January 24, 2008Seth Godin does have a knack for stating the obvious / rephrasing what is already well known. The fact that he makes a very good living out of it shows that a lot of people have a habit of unnecessarily complicating things. Like those incurious bankers in CitiBank and Merril Lynch. Now that people outside the rarefied circles of financial engineering are becoming belatedly curious about CDOs and other esoteric beasts, it seems the bankers don’t actually know where they’ve squirelled away their imaginary money.
Not to worry, interest rate cuts will sort out anything.
