Of False Prophets and Promises, DiMartino Booth

Of False Prophets and Promises — From Subprime to “Investment Grade”

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From Subprime to “Investment Grade” – Lehman’s Lessons Learned & Squandered

Does the wolf in sheep’s clothing always walk away fat and happy? Not according to 12-century Greek rhetorician Nikephoros Basilakis. In Progymnasmata, the traditional Biblical parable is prefaced with, “You can get into trouble wearing a disguise.” The shepherd in the Greek version did indeed admit the wolf into his sheep’s fold freely and even closed the wily, evil-doer in securely within the vulnerable flock’s shelter. But, alas, to the wolf’s comeuppance, the less-than-astute shepherd also had a craving for mutton for dinner. And so, ravenous, he unsheathed his knife and killed…the wolf. In Nick’s estimation, whether by design or chance, penalties will be meted out.

 


Danielle DiMartino Booth is CEO and Director of Intelligence at Quill Intelligence LLC.

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