Thread: Mayhem Money and Morality

Mayhem, Money, & Morality | Print | E-mail
Written by Kelly Taylor Holt
Wednesday, 11 November 2009 01:00
Anyone trying to figure out what in the world is going on in today’s economy might remember Agatha Christie’s classic, Murder on the Orient Express. When master sleuth Hercule Poirot boarded that train, he’d no idea that before the night ended he’d face the most perplexing murder case ever. A carful of passengers, all of whom had motive and opportunity, maneuvered around so skillfully that even Christie’s brilliant Belgian couldn’t figure out whodunit. The best he could do was point a perfectly manicured finger at the most likely culprits — in the end, everybody walked away, except the luckless victim.

When considering the train wreck of our economy, Poirot would have the same problem. Allen Rutledge (Capital Planning and Investments, Atlanta-based) has plenty to say about the collection of fiends who have all but murdered our individual portfolios. He was interviewed for The New American by Kelly Taylor Holt.

The New American: You’ve said that rules the government has been imposing on the financial sector have actually been hindering our country’s economic recovery, not helping it. Could you explain that?

Allen Rutledge: When you play tennis, and a serve lands inside the line, but it is called out of bounds, you’d ask why.

In today’s market, financiers get penalized like in our tennis example — for following the rules. If you ask why you were penalized in today’s market, the answer you get might be, “Oh, we changed the boundary line yesterday. What... you didn’t get the memo?â€

Great Article Hylander. Thanks for posting.

No trouble!