What appears to be a fairly simple stock market transaction is once again converted into a very complex issue by the bought-and-paid-for-legislators.
Did the French just elect a self-described socialist who wants to raise taxes on the rich? Yes, they did. Is President Barack Obama asking for four more years with an economic philosophy similar to that of the new French president? Yes, he is.
A $2 billion loss can produce a moment of humility even in a fabled master of American banking and international finance.