Mr Ed

Where We Go from Here: Best and Worst Cases

Where to start?
Fire Sec Chairman Cox-Over saw the leverage increase that the banks and brokerage houses from 12 to 1 and moved it to 40 to 1. This was supposed to be over seen by Cox-Never Happened. Dropped the Up Tick Rule on shorts. Never enforced regulations like Naked Shorting. No leadership, just a token head who has been in hiding so he can keep is job. Cox is not the man for this job.
Paulson
Was head of group when he was a goldman sacs which got the leverage ratio moved from 12 to 1 up to 40 to 1. He was on the inside and had lots of insight to the CDS problem which now loom so large. For an insider he has not been pro active and slow in general to grasp the leader ship that is need. He does not appear to have as much







savvy as one would have expected with his wall street back ground. Lehman should not have been allowed to fail, they had to much counter party risk like the CDS problems which we are now seeing.
Fed Chairman Bernanke
Lacks leadership. Smart guy, just acts like he is still teaching not leading. Remember he said back in 2007, No Sub Prime Problem, it is contained. When you watch him speak he just plain looks nervous and his voice cracking, makes you want to head for the hills. He is also a reacts to problems and does not get out in front of problems and when he has a good thought he takes way to long and the problem has already grown larger. Run out of space. Above guy 1 o 4 is spot on.