[TexGrill]

Global business tip

[Vendome]

American dollar and Engrish are international currency.

But, being stupid is smart move?

Not buying it. Funny thing, no one’s buying yer crapola either...

You got no yen for your yang ...

[sourcery]

Analogous to being immune to a computer virus simply because you’re not using the mainstream operating system....

[Lonesome in Massachussets]

[B]ankers in Japan had not been able to understand the complex financial instruments that were the undoing of major global players, so had not bought them.

Unlike bankers in the West, who clearly did not understand the complex financial instruments but did not want to appear unworthy of their office. Though there were those who were saying "The Emperor has no clothes!", I was one of those saying, "I can't see the Emperor's clothes."

Whenever someone says "complex financial instruments", I take the safety off my Browning. Subprime mortgages and Collateralized Debt Obligations are the financial equivalent of Anthropogenic Global Warming.

[gusopol3]

Bob Cratchett, Oliver Twist and Tiny Tim ?

[kearnyirish2]

The Indian government also avoiding buying many of these instruments; they openly admitted they didn’t understand them, and were hailed as heroes when it all unraveled.

[mosesdapoet]

It would be interesting to find out how principals of the “failed” Lehmans react to that statement.

[OESY]

Looks like former MF Global CEO Jon Corzine, who "lost" 1.6 billion from customer accounts and was indicted today, had much in common with his Japanese counterparts except for his sinister motives. Still, there is little doubt that Corzine is "the smartest guy" Joe Biden knows. Not a joke. Not a joke.