Ecuador president pleased with fate of Wall Street 'yuppies'

[Judi Lynn]

Source: Reuters

Ecuador president pleased with fate of Wall Street 'yuppies'
Correa says country analysts know little about countries they cover; 'unbearable'



October 29, 2008 7:35 AM ET

(Reuters)—Leftist Ecuadorean President Rafael Correa welcomed Wall Street investment analysts losing jobs in the financial crisis, calling them lazy yuppies who criticized governments without doing research.

“One of the few good things to come out of this crisis is that we don’t have to put up with those yuppies of Lehman Brothers, Standard & Poor’s and J.P. Morgan,” the ex-economy minister said on Tuesday.

“When I was minister, it was unbearable to have a line of those kids asking for an appointment so that I could do their job. They’d ask you for your analysis and then present it in a report as if were their own,” he added as he hosted fellow South American socialist Venezuelan President Hugo Chavez.

After years of being criticized by Wall St. analysts for avoiding some free-market policies, leftists in Latin America have crowed in recent weeks about the implosion of financial companies in a worldwide crisis that is bleeding jobs.


Read more: http://www.financialweek.com/apps/pbcs.dll/article?AID=/20081029/REG/810299993/1014/rss04&rssfeed=rss04

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Ecuador's President Rafael Correa

[SpiralHawk]

1. "But, but our War Profits are bigger than his. Smirk." - Commander AWOL (R)

"Don't listen to that free thinker. He needs to gulp the 'Free Market' kool aid. Our republicon cronies have made far more Massive Profit than he has, and we've done it the Old Fashioned Republicon WAY: War, war, and more war, with a humungous dose of graft & crorruption. You can be sure that lots of 'elite' Wall Street Republicon Yupsters made out Big Time on that shit. Smirk."

- Commander AWOL (R)

[KillCapitalism]

2. I find it very fitting.

Fitting that the "commies" are getting the last laugh.

[DBoon]

3. ask a consultant what time it is....

and they will say, "Lend me your watch and I will tell you."

A bad joke, just like most of these Wall Stree analysist

[bitchkitty]

4. I love Correa but I hate the tone of this article!

The leftists are crowing? And they've got Chavez "giggling" in the last paragraph.

I guess it just hurts so damned bad for them to be proven wrong, that they lash out in these unbelievably childish ways.

Damn, I hate our media!

[roguevalley]

5. BWAHAHAHA! I love this man, he's classy and decent. I salute

you, sir.