I was blessed to have the guys at Bear Stearns as mentors. They taught me a lot, but most of all, they taught me that there's nothing wrong with selling if you're selling the right product to the right person.
Jim Newman, the business visionary who created the term 'comfort zone,' showed me how to expand my horizons. Thanks to Jim, after I attended one of his PACE Seminars in 1978; I moved out of my comfort zone at Bear Stearns and became a super successful oilman.
In my first book, 'Ghosts Of Manhattan,' the setting was Wall Street, and I explored the predictable nature of a bond trader inside the compensation scheme at Bear Stearns and the government regulations of Wall Street. That was about money.
When the Securities & Exchange Commission settled securities-fraud charges against Richard Harriton, former chairman of the clearing subsidiary of Bear, Stearns & Co., there were smiles all around. The SEC was happy. Harriton was happy. Bear Stearns was happy.
I was an athlete in college, and Wall Street likes athletes because they're very competitive people that are willing to do anything to win. So I got a job at Bear Stearns in the summer of 2007.
We have the idea of saying that put limitations on bailouts, so that the bailouts don't occur in the future, so that we don't have to do the - look to see AIG situations or Bear Stearns situations or the Fannie Mae or Freddie Mac, which is probably going to be more money spent on those two institutions than the Congress spent on the TARP program.
Cliff Stearns talks about what he did to Planned Parenthood, making Solyndra a household name - why didn't he do this sooner? Why didn't he see it coming? It's the oversight committee, not the hindsight committee.
Gil: Thomas Stearns Eliot? T.S. Eliot? T.S. Eliot? Prufrock is like my mantra.
