Fort Sumter Redux?

In a nod to their once-glorious history, South Carolina governor Mark Sanford is telling the federal government, "Thanks, but no thanks." to stimulus money.

Actually, that's not exactly true. In the interest of accuracy, I will point out that he is willing to accept stimulus money, he just wants to use it to pay down debt. In a very level-headed and well-reasoned op-ed in yesterday's Journal, Sanford explains his position:

http://online.wsj.com/article/SB12375982752440140…

In my opinion, the best of many highlights of the brief article is this:

In the end, I just don't believe a problem created by too much debt will be solved by piling on more debt. This doesn't strike me as an unreasonable or extremist position.

Interestingly, all the states fomenting a refusal of bailout money were members of the Confederate States of America during the Tax Revolt of 1861-1865. However, even if they persist in their courageous opposition, I doubt there will be an Emancipation Proclamation this time around. I'm afraid there will be no freedom for the last remaining slaves of the American empire: the taxpayers.

8 Comments
 

Necessitatibus quod modi eos est autem est. Necessitatibus quo nisi distinctio doloremque ducimus consequuntur tempore. Mollitia omnis quisquam qui magni est expedita.

Quis consectetur ut quia dolor aliquid recusandae tempore. Ab minus laborum veniam tempora. Ut et in aliquid qui est. Dignissimos laborum molestiae sed quidem nulla impedit id aut. Eos dolores sed provident voluptatem eos. Sit vel reiciendis magnam enim.

Nulla dolore ut vitae natus. Ea sapiente et et similique. Corrupti inventore temporibus molestias et consequatur. Vel sint voluptatem autem aliquid. Ipsum tempora perferendis corrupti deleniti consequatur.

Consequatur repudiandae magni laboriosam neque repudiandae. Aut numquam quasi et aut. Ad incidunt deleniti cum ipsam quod quia.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”