How Much is That Knight in Shining Armour?
I have just finished reading about the restrictions placed on many Wall Street heavy hitters which include fines at Bank of Boston’s Merrill Lynch division, memo’s at Goldman Sachs warning against “conspicuous” spending and Mrs. Bernie Madoff having to account for any purchase over $100. After digesting this info in a leading business daily, I noticed a rather prominent ad in the same paper from a New Orleans antiques dealer, M.S. Rau, offering a “complete 19th century suit of armor in the Maximillian style, with a fully detailed horse model.” The entire ensemble of horse and armor-clad rider stands over 7 1/2 feet tall and 7 feet long. Now, exactly how, I wonder, does Goldman Sachs define conspicuous?