Like a Cancer Cluster, the odd grouping of some sort of cancer that shows up in some unlikely place, a statistical anomaly as it were, the Central Texas town of Mexia pops up like Orville Redenbacher.
First, we were exposed to the unlikely true love story between Mexia's own li'l (and sometimes large) Vicki Lynn Hogan and "octogenarian billionaire" J. Howard Marshall... yes, Vicki Lynn, known better under her nom de guerre Anna Nicole Smith to you and me.
I have always aspired to be an "octogenarian billionaire", or, better yet, an "oil oligarch", but the road to either seems poorly defined as yet. Hell, I would even settle for being a Plutocrat, although I am not sure what that means either, although I do like Mickey's dawg.
Now, we find that this week's Texas Billionaire du jour, Robert Allen Stanford, or Sir Allen, as he is is appropriately known, is the Texas Jack Baptist version of Bernie Madoff (as in Bernie Made-Off with $50 Billion). I just assume he is a Jack Baptist, because even though he is a proud Baylor grad, he has kids by various women not his wife, and, more damningly, his love of cricket and all things British seems worse than dancing in a First or even Second Baptist kinda way. Now, the world waits for Sir Allen to Sir Ender. To authorities.
Of course, in the way of ALL good financial shenanigans, his attorneys are claiming, like Jeff Skilling did before him, that it is just "a cash flow problem". Oh yeah, I thought, that's it. A cash flow problem. Poor guy. Then it occured to me that it is, in fact, "cash flow problems" that bring down ALL Ponzi Schemes... when the chump well dries up, it creates 'cash flow problems", just like Enron, Madoff, Social Security, Medicare... oh, wait on those last two, those are Ponzi Schemes that have yet to recognize their cash flow problems and are thus "Venerable American Institutions" like... Enron, Madoff, Stanford were before they recognized theirs.
In the end, though, it begs the question... what is it about Mexia? Something in the water?
I think maybe Stanford and Smith are long lost relatives...both certainly seems to know how to bilk people out of millions...
Posted by: noodlemonkey | February 24, 2009 at 03:44 PM