Wall Street Breakfast: Must-Know News [View article]
I still hear people talking "free market" which has come to mean "anything goes". I have talked to people who went through the mortgage loan process, and what they were urged to do was criminal. Now we are urged to pour 700 B of gasoline on the fire, and it is said to be medicine. I say it is arson.
Wall Street Breakfast: Must-Know News [View article]
We have to depend on Congress to put the bailout on firm footing. But is congress equal to the task? Can they even be trusted? Congress started the thing. In 1980 congress (rep-dem) passed a law that effectively overrode state anti-usury laws (like here in takes us). This was the signal from the government that greed is OK. From there on it was laisser-faire (rep-dem); regulation is bad. Woodsey
Starting to Position for Correction [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]