Eric Singer Paints An Unusual Picture During Our Interview

Eric Singer dropped a phrase that amused me during our interview today on BRAINSTORMIN’ with Billy the Brain.

He said that US politicians have the same time horizon as Somali Pirates. A Somali pirate’s time frame is about 120 days—30 days to capture a ship and 90 days to ransom it.

US Politicians are on the same time frame because there are 120 days, more or less, before the November elections. Therefore, any US Politician up for reelection will act in such a way that their decision pays dividends sometime in the next 120 days.

Hmmm. That may explain why our financial reform bill is the way it is. Pretty packaging on the outside to satisfy any reelection requirements that we acted on financial reform, but many loopholes and oversights upon closer examination.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
Eric Singer Paints An Unusual Picture During Our Interview, 5.0 out of 5 based on 1 rating

Leave Your Response

* Name, Email, Comment are Required

Bill Frank’s Guests

Here is the lineup of guests for Guests For October 5, 2013

Guests For October 5, 2013

My guests this week are Bob McCord, founding member of VREG, talking about Ventura's budget woes; healthcare expert Sally Pipes exposing the flaws of Obamacare as the Insurance Exchanges open for business; and Stuart Crain, CEO of TVTalk discussing how his app will revolutionize television viewing. Read More

Other Guests

Categories

Show Archive

Today’s Poll