The addiction is understandable: a “scandal” whose geographical coordinates include Mexia, Texas, Washington D.C., Galleria, Texas and the Caribbean island of Antigua and which has ensnared such diverse personages as Sir John Cornyn and Sir Johnny Damon has unmistakably high entertainment value (unless you were a, um, Stanford client) and is certainly deserving of attention. But we realized on Friday night that we might have a serious problem when we momentarily thought they were projecting Sir Al’s smiling visage on the Toyota Center’s Jumbo screen during a time out in the Rockets-Mavs game (on closer inspection it turned out to be only some contest winner or season ticket holder with a faint resemblance to the mustachioed financial genius).
We’re sure this will pass, shortly, and we can return to our normal late-night pursuits (sleeping the sleep of the just), but in the meantime we can’t get enough of that Stanford stuff, wherever it comes from and however “true” it may be. And we have many willing enablers.
The Houston Chronicle, which didn’t exactly hop right onto the story (its initial offering, buried inside the paper’s rapidly disappearing business section, was a reprint of the Feb. 13 New York Times story reporting the feds’ scrutiny of Stanford---at least they ran it on the same day), has recovered somewhat and is now assiduously squeezing every possible dollop of juice from the Stanford lemon by instituting its own Stanford Watch blog for the collection and distribution of Google-alerted news items regarding Mexia’s prodigal son. The newspaper
Yes, this is a delicious turn of events, nicely illustrating the cozy corruption not only of Washington D.C. (the Times reported on Saturday that “Texas Republicans” single-handedly killed White House-backed and Stanford-opposed legislation to force banks to crack down on money-laundering) but also of the “financial advisory” racket. It appears that the Stanford M.O. was to spread around just enough gold-plated manure---“five-star” meals, trips to the