HENRY'S IMAGE REHAB (lib media launches "victim" resurrection case)

NY POST ^ | 1/19/04 | CHRISTOPHER BYRON

[Liz]

You know what I think is just amazing? It's the resurrection of Henry Blodget, formerly of Merrill Lynch.

In a mere 10 months' time, Henry's disgrace has turned to triumph, and he's back in the game as a darling of the media - living proof that in America, if you're nervy enough and cute enough, there's always a second act for a scoundrel.

[Liz]

Henry....gained fame...when he issued an opinion as an Internet analyst for CIBC Oppenheimer & Co. back in 1998 to the effect that Amazon.com Inc., which was then selling for $240 per share, ought really to be going for $400 - causing the stock to leap more than $100 per share in the next few days. Adorned with his new credential as a Wall Street dowser, young Henry was quickly grabbed away from CIBC Oppenheimer by Merrill Lynch & Co. at $12 million a year to issue similarly exciting prognostications - ......But we got a better sense of the character of young Henry when a collection of private e-mails he'd been sending hither and yon within the internal world of Merrill Lynch escaped into the hands of New York State Attorney General Eliot Spitzer. Those e-mails, fully flavored with words like "crap" and "dog" and "bad smell," gave one a sense of young Henry's private view of the sorts of investment opportunities he was pressing upon the public in return for that $12 million per year. In a mere 10 months' time, Henry's disgrace has turned to triumph, and he's back in the game as a darling of the media - living proof that in America, if you're nervy enough and cute enough, there's always a second act for a scoundrel.

Darling of the media? (Puke) The liberal media loves to play saviour, to resurrect wrongdoers, reinstate them as society's "victims," give them good jobs, and pay them handsomely. Principled, law-abiding citizens with morals can go pound salt.

[Seruzawa]

This world is ruled by PR flacks. They just love to resurrect these scum. Probably because most of the people involved in PR are scum themselves. It's reassuring to our celebrity class to know that no matter how vicious and criminal they act they can always be rehabbed. OJ Simpson is the only one I can think of who hasn't been foisted back upon us.

[Liz]

Thankfully, writers like Chris Byron are glooming onto the liberal victim scam. Byron can't believe Blodgett is portraying himself as a "victim."

I guess Blodgett must be bombed out on valium and vodka to sedate himself while sobbing his way into victimization. When liberals screw-up (like getting caught with a WH intern or making inane statements about gas station attendants, and the like), they crouch down, start sobbing, and assume the position of "victim."


These disturbed liberals are ego-driven with an outsized sense of entitlement by which they extort societal rewards by running the "victimology" scam. Playing "victim" is the never-fail scam. which originated in liberal circles. Self-loathing liberals just can't feel good about themselves unless they are in the throes of "victimization."

The Liberal Code of Victimization is as follows:

" We pledge allegiance to victimization. Victimization is our basic belief by which we blame and find others responsible for our own personal failures, then go after taxpayers, deep pocketed individuals, or the courts to bail us out. Pay-Me-I'm-A-Victim is a good policy b/c we ust can't feel good about ourselves unless we are in the throes of victimization. That's when we really get in touch with our feelings. It feels good to either be A) causing victims, B) concocting victims, C) playing victim, D) commiserating over victims, or E) creating another class of victims to bleed over. "

[razorback-bert]

Weisberg said he did so after talking with Blodget and concluding that that he "got kind of a bum rap" at the hands of the NASD and the SEC.

I bet Jacob wouldn't think this, if he had lost a few $100 grand on Henry's tips.

[Grampa Dave]

The man who offered young Henry this opportunity for resurrection is Slate's editor, Jacob Weisberg.

In an interview with the Associated Press, Weisberg said he did so after talking with Blodget and concluding that that he "got kind of a bum rap" at the hands of the NASD and the SEC.

So Slate has hired him. Any questions about his favorite political party?

[Liz]

Nice catch..........and great zinger.

[Liz]

Jacob hiring the disgraced Blodgett kinda makes you think Jacob might be paying off
Blodgett, maybe for "insider" tips when Blodgett was riding high on Wall Street (snicker).

Somebody oughta look into this. Blodgett left a huge paper trail. Remember?

[Stultis]

Thanks for the ping, the nice catch, and the excellent commentary.

[Liz]

The degradation of our culture continues, to the tinkle of the cash register.

[PhilDragoo]

Henry & Martha are victims, but Lyle & Erik are orphans!

[Liz]

(Sniffle) Gosh, you're so tolerant and compassionate (sob).

[Moonman62]

Jacob hiring the disgraced Blodgett kinda makes you think Jacob might be paying off
Blodgett, maybe for “insider” tips when Blodgett was riding high on Wall Street (snicker).

Somebody oughta look into this. Blodgett left a huge paper trail. Remember?

...

Blodget made his call on Amazon stock December 16, 1998. It went up almost 20% that day, and closed at a split adjusted $48.17. Today it closed at $626.55, a gain of 1300%. Not bad. Of course a person would have been sitting on paper losses for almost seven years, but overall it would have been a good long term investment.

[Liz]

Long term is right ——really, really long term.

[Moonman62]

Long term can be a very good strategy. I held on to my house for nearly twice as long and it didn’t do nearly as well.

Walmart and Home Depot were good long term investments, too, when they were young roaring companies with “crazy” valuations.