The 10 Spot Blog

by Pete McEntegart

Mcentegart_pete
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  • 11:27 AM ET  10.10

While the economy seems to be crumbling before our very eyes, baseball is capping a successful season with its playoffs and the NFL and college football are zipping along as popular as ever. Indeed, there is much that the world of finance could learn from sports.

Here are some of the steps that we would recommend our financial barons borrow from sports to turn things around. It also might be time to beg and steal, if necessary.

10. Move market into sparkling new digs right across Wall Street

9. Rename bailout the much catchier “Siete Cien Billón”

8. Replace the FDIC with A-Rod (caveat: guarantee’s worthless in October)

7. Enforce 16-year-old age limit for investment bankers

6. Hank Paulson out, Joe Torre in

5. Try to bottle T.O.’s overweening self-confidence

4. Let CC Sabathia pitch in every fourth day until he keels over

3. Stop panicking! It’s not like we’re talking about the Auburn offense here

2. Let Rickapolis make stock picks

1. Don’t worry, those very same Congressmen who held the Roger Clemens hearings are getting to the bottom of this crisis as we speak

October 10, 2008  11:30 AM ET

Charge "personal shopping license" to consumers for the right to consider buying consumer goods

October 10, 2008  11:30 AM ET

8. Replace the FDIC with A-Rod (caveat: guarantee???s worthless in October)

--------------------------
How is jumping on the bandwagon, one that half the civilized world has already ridden on, going to help anything?

October 10, 2008  11:32 AM ET

Niiiicccceeeee, Pete!

Number 1 was excellent!

October 10, 2008  11:32 AM ET

7. Enforce 16-year-old age limit for investment bankers
---
Unless they're Chinese and female.

October 10, 2008  11:34 AM ET

11. HGH and steroids for traders in the pit

October 10, 2008  11:34 AM ET

12) Ensure that CEO's have guaranteed contracts so even if they screw up or quit they still get paid.

October 10, 2008  11:34 AM ET

Perhaps if a sports writer, who may or may not have had previous investment banker experience, were to get involved, thing would right themselves.

October 10, 2008  11:34 AM ET

10. Move market into sparkling new digs right across Wall Street. 10 Spot

To be funded with public funds.

October 10, 2008  11:34 AM ET

Maybe they could trade and/or bench the CEOs...

October 10, 2008  11:35 AM ET

Set a salary cap for all banks. CEO salaries are included in this cap.

October 10, 2008  11:36 AM ET

Nmaing rights: ie the Pepsi/Frito Lay New York Stock Exchange Presented by Toyota

October 10, 2008  11:36 AM ET

15) To allow all Financial Organizations to be able to compete and stay profitable, entry draft of all MBA's.

October 10, 2008  11:37 AM ET

WWTOD bracelets handed out to all high-level executives.

October 10, 2008  11:38 AM ET

Hire Nick Saban to run everything... he will deny that he wants the job, but a little extra money should sway him. He should have it all turned around in 3-4 years.

October 10, 2008  11:38 AM ET

Have Belichick videotape all of the competing countries bank operations.

October 10, 2008  11:39 AM ET

17. Ban Mets bullpen from making stock trades.

October 10, 2008  11:39 AM ET

Win by whatever means necessary, push the rules envelope, cheat as much as necessary just so long as long as you don't get caught. If you do get caught, deny everything and blame someone else - Oh wait....

October 10, 2008  11:39 AM ET
QUOTE(#11):

Nmaing rights: ie the Pepsi/Frito Lay New York Stock Exchange Presented by Toyota

I like this one

October 10, 2008  11:40 AM ET

Let the traders wear a gold thong to get out of this slump

 
October 10, 2008  11:40 AM ET

Adopt "Herm Philosophy": We bank to win.

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