mlyn

Wall Street, R.I.P. Now What?

Me thinks that John Perkins, the author of "Confessions of an Economic Hit Man," should weigh in on this debacle. The urgency of Paulson and Bernanke when they reported to Congress that we need broad powers and and a blank check--right now!--seems suspect. Kinda like the "9/11" of financial hits--except it's the American middle class that's getting hit. The people at the top just need to tighten their belts, sell their ten cars, give up vacations at Vail, CO . . .

Wall Street, R.I.P. Now What?

Me thinks that John Perkins, the author of "Confessions of an Economic Hit Man," should weigh in on this debacle. The urgency of Paulson and Bernanke when they reported to Congress that we need broad powers and and a blank check--right now!--seems suspect. Kinda like the "9/11" of financial hits--except it's the American middle class that's getting hit. The people at the top just need to tighten their belts, sell their ten cars, give vacations at Vail, CO . . .

Morgan Stanley in Distress

The economist, Nouriel Roubini, stated that both GS and MS should seek buyers immediately. He also stated that the merger between BAC and Merrill was risky and that BAC overpaid. He did a series of interviews with Tech Ticker on Yahoo Finance yesterday.