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" ... But while these losers can fool the masses for a short time with their borrowed cash, they cannot fool the market. The market is a dispassionate creature that cares nothing for your headlines, your funding announcements, or your launch parties. The market is a cold and calculated beast that always works on the same basic principles; supply and demand. If at the end of the day you are not supplying something that your customers are demanding, you’ll fail. And no matter how you spin that failure, if you ignored the warning signs and believed that you were breaking new ground and blazing your own path, then that failure lands squarely on your shoulders. And all the mea culpas in the world won’t pay back your investors or make your employees losing their jobs sting any less. ... "
" ... JPMorgan’s dividend paying capacity looks substantive going forward once it’s through with mea culpas to the regulators. Basel 1 tier 1 common ratio is a respectable 10.3 percent. The common’s dividend of $1.20 is 3.2 percent with the stock at $34. On $5 a share of normalized results, I anticipate a $2 a share payout sometime in 2014 if the financial world is stabilized. ... "
" ... Moreover, there was just something off about the whole team all season long, a fundamental lack of chemistry that was visible even from a distance. The Celtics could never consistently put together the kind of run you would expect from a team this talented. Players called each other out in the media, then apologized and then went and did it all over again. Every game where they seemed to figure things out was inevitably followed by a step backward and Stevens’ inevitable “I have to do a better job” mea culpas after every disappointing game felt increasingly hollow. ... "
" ... Once again, maybe all of this is coincidence. Maybe this is all some Oliver Stone conspiracy theory. Maybe all these stories siding with the NFL, the feeding of misinformation, the legal analyst going against the grain, maybe it’s all going to come out in the end as the truth and those like I will be the ones writing mea culpas. ... "
" ... Years ago, mea culpas proliferated. Merrill Lynch was absorbed for pocket change by Bank of America. Fannie and Freddie turned pathetic wards of the federal government. Senator John McCain, who admitted during his presidential run that he knew next to nothing, maybe nothing, about economics, now plumps for the revival of the Glass-Steagall Act that separated banking from capital markets since 1933. ... "