Daniel Eskin

Where's the Nationalization Debate?

Yaa definitely something that's been going around, and UK's choice to nationalize is definitely not swaying this argument away from socialism. Probably one of the most extreme moves so far across the battle field, and I'm extremely against government intervention in the first place, let alone trying to allocate source through nationalization which the government can never do as efficiently as firms. Let the banks fail, new ones will prosper that are better.

Fast Money Recap - HSBC Is Falling off a Cliff (1/12/09)

Wow scary little bit about HSBC... wonder what another collapse of a major international bank would do today...