TheLittleGuy

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3 Comments

    • Fri Nov 7th 13:44 PM | Rating: +1 0
      Commented on:
      Global Markets, Meet President Obama. Now What?
      You cannot strengthen the weak by weakening the strong.
      You cannot help small men by tearing down big men.
      You cannot help the poor by destroying the rich.
      You cannot lift the wage earner by pulling down the wage payer.
      You cannot keep out of trouble by spending more than your income.
      You cannot further the brotherhood of man by inciting class hatreds.
      You cannot establish security on borrowed money.
      You cannot build character and courage by taking away a man's initiative and independence.
      You cannot help men permanently by doing for them what they could and should do for themselves.


      On Nov 05 10:11 AM Gary Noffke wrote:

      > Appears most readers of these financial columns and big Wall Street
      > players lost the election yesterday. There will be a new spread of
      > wealth that benefits the country for a change, instead of those who
      > believe the wealthier they are, the better off everyone else is.
      View article »
    • Tue Mar 18th 21:33 PM | Rating: 0 0
      Commented on:
      It Wasn't a 'Bailout'
      We had a great illustration of a modern day bank run. This illustration was followed nicely by another modern day example of moral hazard. The FED is on a slippery slope now. Bear should have been the object lesson for the rest of a greedy industry. Companies that go under file for bankruptcy and its assets and liabilities are handled in an orderly fashion. Now, will the FED help with settling the approaching storm of shareholder lawsuits too?
      View article »
    • Tue Mar 18th 21:30 PM | Rating: 0 0
      Commented on:
      It Wasn't a 'Bailout'
      I would agree that Bear was hit with a bank run. The other economic topic illustrated by the FED action is moral hazard. Now they are really on a slippery slope. Someone at some point had to be the object lesson and it should have been Bear. Wait for the lawsuits to fly next, will the FED deflect those too? Or was the $30 billion to help settle?
      View article »
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