Friday, 13 August 2010

Breach of Trust


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File:Lehman Brothers Times Square by David Shankbone.jpg

Lehman Brothers, Rockefeller Center: photo by David Shankbone, 2007



Your present situation I will not suffer myself to dwell upon -- when misfortunes are so real we are glad enough to escape them, and the thought of them. I cannot help thinking Mr Audubon a dishonest man -- Why did he make you believe that he was a Man of Property? How is it his circumstances have altered so suddenly? In truth I do not believe you fit to deal with the world; or at least the american worrld -- But good God -- who can avoid these chances --

John Keats to George Keats, September 1819




File:Vegas desert.jpg

Shopping cart abandoned in desert near Las Vegas, Nevada: photo by Rien Post, 2001

4 comments:

  1. John Keats' brother George emigrated with his bride to America, where he was bilked out of his slim inheritance by the naturalist John James Audobon. A handshake deal, transfer of title on a steamboat from the swindler Audobon to the unfortunate innocent George. Steamboat proves to be leakier than a sieve, sinks to the bottom, and Audobon is nowhere to be found. And this is what made America great, never give a sucker an even break, it's the American Way.

    A reverse scenario for the original Lehman Brothers, sons of a wealthy cattle merchant. They emigrated with sufficient capital, built on it shrewdly, and were soon themselves bilking and swindling their way to a vast fortune, never mind your leaky boats. And this is what made them Great Americans, and this is why the company they built became one of our Great Institutions, and was Protected, yay even as the rest of us lined up to board the express to the Valley of the Shadow of Death.

    As this blog has evidently become a condensed version of American History 101 (without the spitballs), a class to be avoided religiously, otherwise ignored or endured with winces and grimaces, that will be all for today. In fact I believe the bell has just sounded, unless someone has just set off the fire alarm again.

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  2. Thank you for answering (in the first paragraph) the question I was meaning to ask. By the way, I am about to start reading Junkets on a Sad Planet.

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  3. Thanks, Curtis. Yes, interesting about Audobon. Those wonderful bird drawings, a lasting contribution. But as a business man... well, not someone to get into a deal with. Especially if you're from out of town.

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  4. easy money
    sleasy money
    honey money
    bird money
    wiemar money

    "usura stayeth
    the young man's
    courting"
    Ezra Pound

    lehman bonds...they were
    here friday and gone
    monday...the broker told
    the widow woman's
    accountant

    I be for birds
    I be for Audobon
    in principle

    the common man
    always pays
    for someone
    else's
    ill gotten
    noblese oblige

    there is of course
    genius...edison,
    gates, etc who so
    transform the world
    it still seems to
    move forward

    or we could proceed
    with a gallows laugh
    and a country song
    "trust in luck
    and pick up trucks"

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