Yesterday's fools are today's sages.
LloydsTSB were castigated in 2006 for not making their capital work hard enough, and were thought in January of that year to be about to receive a takeover offer from BBVA, Wells Fargo or Bank of America - or possibly all three.
But now staid institutions with robust balance sheets are being courted by world statesmen.
Maybe, to mangle one's aphorisms completely, schadenfreude is a dish best eaten cold.
Should we be reassured that James Crosby has joined Alan Greenspan's panel of car crash investigators? Maybe they should also enlist the help of Hank Greenberg, Richard Fuld and Adam Applegarth.
I suggest a visit to Dr Johnson's House will be in order later in the month - both to straighten out the aphorisms and also to ingest some renewed sagacity.
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