Drew Horn

Wall Street Breakfast: Must-Know News

I agree, the Swiss approach is useful but it will never be imposed on the US financial industry for two reasons: 1) the banks and insurance industry "own" congress and 2) Geithner, Sommers, ET AL know they have temporary jobs and may already be maneuvering for a financial CEO job even before Obama' leaves office.

The real "systemic risk" is that the political system is responsive only to money which has proven to be fully capable of buying almost any election result. Eisenhower warned about the military / industrial complex. There should be a new warning about the Madison Ave / Washington Lobbyists complex. So long as the first amendment is held to mean that money = free speech, government and our economy will be in the hands of the banks.

Wall Street Breakfast: Must-Know News

If I were Bill Gates, I would sell ASAP! The of software isn't MS Office or Windows, its cloud computing. Look at the freeware that is out there, open office, Google's apps, Yahoo, etc. Except for security concerns, who needs it. All the software an average person needs is free. Even the success of Apple computer will have a limited life. With cloud computing and a high speed ISP you don't need a lot of computer.