Evan Newmark at Mean Streetwonders: How long before we have retail brokers recommending balanced portfolios of subprime CDOs, front-loaded mutual funds, and state IOUs?
Wall Street is once again telling investors: "OK, here's how it works. You pay us to let you spend your money to buy crappy investments. Got it? Good."
The EconomicJoker: I would not take seriously this holiday season jobs data which can be distorted by seasonal factors and poor reporting - Steven Hansen
about 2 hours ago
The EconomicJoker: Something about a real book that appeals to me and many others (like my wife and friends). Do NOT want a Kindle.
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Wall Street is once again telling investors: "OK, here's how it works. You pay us to let you spend your money to buy crappy investments. Got it? Good."
"And when the investment goes sour, you pay us again to get rid of it, plus you have pay off the insurance policy we took out on it.
Then you keep paying us to keep your state economy from collapsing.
Capiche?"