You say tomato, I say tomato

It's interesting how on wallstreet types* think John Thain a highly repectable, intelligent CEO when as far as I can tell he's an amoral jackass who thinks nothing of taking 3 billion meant for loans and mortgage recapitilization and giving it to his cronies and doesn't have a Freshman understanding of economic principles.

In fact, I find it amazing how otherwise intelligent professionals seem to have a net negative understanding of principles covered in Econ 101.

*On the other hand I am not really sure why anyone would listen to Wall Street types given how spectacularly and consistently wrong their aggregate wisdom has been for the last 12 years (and yes I am going back to the Tech Bubble).