Thank you for sharing!

Your article was successfully shared with the contacts you provided.

“Paul Blart Mall Cop” was the nation's number one movie again last week. Is this just another leading indicator of the country's fall into the abyss? Well under the circumstances a few dumb laughs may be better than watching Leonardo DiCaprio and Kate Winslet's suburban bliss disintegrate in “Revolutionary Road”–that may hit too close to home (as in foreclosures), or “Slumdog Millionaire”–Bollywood and India surpassing Hollywood and USA in optimism and determination. At least Mr. Blart is gainfully employed at being a numb-skull. And how many folks at Merrill Lynch are thanking John Thain for rushing out their bonus checks days before the Bank of America deal closed? Of course, Merrill would have followed Lehman into bankruptcy save for the government's forced marriage with B of A and a heavy dose of TARP. Now, thanks in part to this deal, B of A is on the brink along with Citi, which taps Dick Parsons (he used to be a banker before Time Warner) as its new Chairman. Parsons, a gracious guy, couldn't figure out what to do with AOL–can he or anyone else save Citi?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.