Wars may be fought with weapons, but they are won by men. It is the spirit of the men who follow and of the man who leads that gains the victory.
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The Senate passed the finance reform package. They’re sending it to Congress. It’ll pass. It’s 2,300 pages. It’s 390,000 words. When I asked a finance person what the impact would be on my personal bank, and my investments, he said “very little, if any”. Obama’s advice was a little more direct: “Unless your business model [...]
I read Seeking Alpha’s “Bigwigs Debate Too Big to Fail“. It discusses the opinion of several key financial players of the US economy regarding whether institutions can be “too big to fail”, and if so, what to do about them. Very excellent read. The players fall into two categories: Bust ‘em up: Alan Greenspan Simon [...]
