Monday, May 14, 2012

If We Can Have A Grexit Can We Have A Post-Chase?

Some Mondays feel more Monday-like than others, and here we are.

The wags have already coined a term for Greece leaving the euro. You'll see headlines about a "Grexit" but that's smacking too much of "Brangelina" and other cute word play.

If you're wondering about your own future in the euro zone, it isn't particularly amusing.

But with all this financial stress all around us, we need something to occupy our minds and escape from our worries about borrowing costs and market collapses and who do the Greeks think they are that they're too big to fail and Germany will cave.

What shall we call the abrupt departures that will soon decimate the trading offices of JPMorgan Chase?

Is it time to discuss the "Post-Chase" scene?

After all, the politicians are barking long and loud about the need for regulations, as if a few rules are going to fix things.

Rules? We don't need no stinkin' rules.

Or at any rate, no one is going to bother following new rules when they weren't concerned with the old ones.

Is it a "steeplechase" out the door in JPMorgan's London branch?

Once powerful traders are soon to be out of a job, but when a person's made millions every year, you don't exactly feel sorry for their troubles. Is anyone really concerned about how Ina Drew will pay the rent now that she's packing up her personal effects and clearing out her office?

Let's all worry about how we are going to meet the next mortgage payment and whether or not there'll be enough left to buy a soup bone from the butcher.

The freshly sacked Ms. Drew is welcome to dinner, but it might be stone soup and if she has a carrot or two, it would be helpful if she brought the vegies along.

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