Quote:
Mr Thain, the former Goldman Sachs executive and former head of the New York Stock Exchange who joined Merrill last year after the departure of Stan O’Neal, is almost certain to leave the firm if the BofA takeover goes through.
He is a fervent supporter of John McCain, the Republican presidential candidate, and some experts expect him to seek a political career.
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A political career? "I ran a Wall Street firm into the ground. Vote for me." I could see him screwing things up in a McCain administration in the increasingly unlikely event there is one.
Speaking of McCain, i think the worsening financial crisis is going to suck the air out of his campaign. There will be something other than lipstick and pigs and moose to talk about, and it won't be fun news. Real news in the 24/7 news cycle crowds out the Rovian nonsense, and McCain brings nothing else to the table.
I'm more curious about what effects it might have on Obama and his neo-liberal economic crew.