Stewardship... It was nice to know ya...

stewardship: (1) the office, duties, and obligations of one who actively directs affairs; (2) the individual's responsibility to manage his life and property with proper regard to the rights of others.

I realize that a concept such as stewardship must seem a quaint relic from a bygone era.  But did MF Global need some more of it?  Does the CME need some more of it?

Why don't we go and ask their customers?

Who needs stewardship?

R.I.P., Smokin' Joe

"The relentless, undersized heavyweight..."

This is Curious

Just Because They're Broke Doesn't Mean They're Stupid

When I read the first sentence in the lead story of this morning's Wall Street Journal, I couldn't help but smile a little bit.

Greek Prime Minister George Papandreou stunned Europe by announcing a referendum on his country's latest bailout—a high-stakes gamble that could undermine the international effort to preserve the euro.

Only the European mentality could be stunned by a country actually wanting to exercise its sovereignty and national choice.  The finances of Greece may be in complete disarray, but I'm glad to see that the country still has a prime minister that is looking out for the self interest of his nation.  He negotiated hard for a bailout deal for his country, and now he's taking it to his people for a vote.

How dare he do such a thing? Truly that is a question that could only be asked by a mindless European socialist.

The Greeks may be broke, but they are not stupid.  Good for you Mr. Papandreou.

It's ironic that Greece, the birthplace of democracy, is stunning Europe by calling for a vote to decide an important matter.  These days it's not supposed to work that way.  All Europeans are supposed to take their directives from the uberlords in Brussels... or so the uberlords in Brussels thought.