WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Tuesday morning linkies

Ramblinboy has a very personal remembrance of his grandfather, centering around work ethic and life in GD I.

And on a different kind of ethics, JDA exposes Richmond Fed lawyer Michelle Gluck's sordid history as General Counsel for the collapsed Ponzi scheme LandAmerica. It will be hard to nail Gluck on ethics. General Counsels' job descriptions are to use every trick in the books to hide the bodies and protect the crooks. And while they sometimes fail at that, they are almost universally exceptionally good at covering their own asses. Think about all the corporate crime stories we've seen over the years: Enron, WorldCom, Global Crossing, AIG, Fannie Mae... how often do you see a General Counsel get disbarred, much less sent to prison? Still, you'd think an allegedly semi-public institution like the Fed with the Mother of All Image Problems would have better sense. First they hire an ex-Enron lobbyist to grease Congress's palms and now this?

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