I am stunned.
1) Paulson is making taxpayers bail out the banks for the bad mortgages they made. In a matter of days, we've gone from "Paulson adamant no taxpayer money for Lehman" to "Paulson adamant taxpayers to bail out every bad bank on Wall Street."
2) SEC Chair Chris Cox is banning short-selling in all financial companies, scapegoating short-sellers for the the self-inflicted fundamental problems of financials. So much for the most open, liquid, and transparent financial markets in the world.
More at Mish.
Subscribe to:
Post Comments (Atom)
-
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
QE has permanently ruined bonds for investors
You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...
No comments:
Post a Comment