jarcom

Wall Street Breakfast: Must-Know News

In re: Better than nothing. Hope they don't investigate Moody's too closely.

Is the U.S. Banking System Safe?

The real culprit is good old fashioned greed on the part of borrowers and lenders. The only solution is to let the market mete out appropriate punishment. Of course the public and the politicians will do a host of stupid things to avoid the lash. We may be in for another New Deal long term depression which was (fortunately?) reversed by a world war. Hopefully lightening will not strike twice and our leaders have learned something from history.