Not sure why this was the connection that first came to me with this story. There is no connection. Only by name, and even at that only partially. James Earl Jones, A Film and Theater Actor of significant renown. Certainly one of my favorites. The name, if only partial, is given new but different recognition in the path of this continued financial meltdown. Mr. Jones the financier, had a consulting company managing investments in Quebec. Today's court decision placed that company into bankruptcy, and some 60 corporate accounts had less than $30,000. Of an estimated $30-50M .... yupper, million. For sure, not another Madoff or Stanford or others on the list of mega-frauds surfacing during the deleveraging of our debt laden societies, but still a lot of money to almost anyone. There will be more that will come from this story. In the meantime we are left with more visions of extravegant travel and credit card purchases and expenses. Its really all so sick. No wonder this is all unraveling in the manner it is. These circumstances, our consumer driven society was not unsustainable from a variety of perspectives. History in the making, experiencing it one day at at time.
Wednesday, July 29, 2009
James Earl Jones this is NOT
Not sure why this was the connection that first came to me with this story. There is no connection. Only by name, and even at that only partially. James Earl Jones, A Film and Theater Actor of significant renown. Certainly one of my favorites. The name, if only partial, is given new but different recognition in the path of this continued financial meltdown. Mr. Jones the financier, had a consulting company managing investments in Quebec. Today's court decision placed that company into bankruptcy, and some 60 corporate accounts had less than $30,000. Of an estimated $30-50M .... yupper, million. For sure, not another Madoff or Stanford or others on the list of mega-frauds surfacing during the deleveraging of our debt laden societies, but still a lot of money to almost anyone. There will be more that will come from this story. In the meantime we are left with more visions of extravegant travel and credit card purchases and expenses. Its really all so sick. No wonder this is all unraveling in the manner it is. These circumstances, our consumer driven society was not unsustainable from a variety of perspectives. History in the making, experiencing it one day at at time.
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