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From the Department of Thanks! I feel so much better now!

Paul Sullivan in The World's Greatest Newspaper (not!):

[Robert Clarfeld, president of the wealth management firm Clarfeld Financial Advisors], who manages $3 billion largely for financial services executives, takes exception to lumping all of Wall Street together. He said his clients felt that they had worked hard and honestly for their money [of course, of course and were now being unjustly judged alongside those who did not.

He is counseling clients to live their lives largely as they’ve done in the past, though in a slightly toned-down form. Mr. Clarfeld said he had taken his own advice to heart. He bought his dream car, a Jaguar XKR, before the market crash but then felt uncomfortable about it. “I didn’t like the way it made me feel but not enough that I was going to get rid of the car,” he said. So he made light of it with a vanity plate to recall better times: “PRE LEHM.”

Yep. That's a kneeslapper. Tom Joad would have loved it!

And all this agitata, just because the bankster pissed away the rent money on the ponies, and then cleaned out the joint account before heading back to the track!

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jumpjet's picture
Submitted by jumpjet on

I wonder what income bracket Mr. Sullivan is in. Is he a rich man himself or just a sycophant?

Valhalla's picture
Submitted by Valhalla on

because certainly none of them seem to be able to see their reflections in the mirror. Who would use that as an example of their modest sense of humor? Can it really be he doesn't know how that comes across?

There is so much wrong with that article. On and on about the poor, poor wealthy, having to bear the brunt of common-man anger. Oh the humanity!

Mr. Klontz is even more concerned that this obsession with money and blame will affect children. He said the risk is creating a generation that distrusts investing and associates wealth with greed.

“People in their 20s have watched their parents lose their money and now they think, ‘You can’t trust banks, you can’t trust anyone,’ ” he said. “We need to do work around that. That association between money and being bad can be extremely intense.”

Well, we couldn't have that, could we? How can the parasite possibly survive if the host won't play anymore? The real solution is so obvious -- demand solid regulation and preventative measures which would build real credibility with all those risky-distrustful youngsters! Klontz doesn't regret the fact that there's no reason to trust the uber-wealthy, just that the kidz might've found out about it.

Bryan's picture
Submitted by Bryan on

From the mid-1990s until 2008, Ford owned Jaguar. The cars look nice, and you have many opportunities to look at them - on the back of flat beds, on lifts at the shop, while waiting for the flat bed to take them to the shop.

I have friends in California who have lost their minds during the tech boom and bought Jaguars. I'm sure there's a 12-step program for Jag owners.

The interiors are wonderful. Very comfortable place to sit while waiting for the truck.

The guy is an idiot, who has stumbled on a lot of wealthy idiots, to pay him too much money. He isn't "PRE LEHM", he is totally lame.

People hate his clients because they gambled away trillions and the government bailed them out instead of arresting them for their version of the Ponzi scheme.

Submitted by lambert on

Before Ford, you had a soulful car with a heater that didn't work and electrical system that flaked out in the rain.

After Ford, you has a soulless corporate box, but the heat and the power worked.

So, it's a trade-off

A trade-off that none of us are likely to be able to make, of course....