News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

The worst thing since sliced CDOs...

Stephen Schwarzman's likening of US private equity taxes to the wartime invasion of Poland was misjudged - Financial News looks at some other historical comparisons doing the rounds in the markets

By comparing the US government's tax plans for private equity to the German invasion of Poland in 1939, it looks like Stephen Schwarzman has fallen foul of Godwin's Law, which states that any Internet argument will inevitably end with an analogy to the second world war.

The comments, reported by Newsweek http://bit.ly/cDo7WI, bring to mind the convention that anyone who uses a spurious analogy to the second world war immediately loses credibility and, by consequence, the argument.

WSJ Logo