Reflections

Bondholders Are Unjustified Big Winners in Treasury Plan - Hussman

You are bang on target.it is the bondholders who nee to take hit and not taxpayers.privatise the profits and socialise the losses.great free enterprise being advocated by current and ex employees of Goldman..Hank paulson included.

Goldman and Morgan as Bank Holding Companies

It is surprising how a Great nation can so quickly forget great lessons of the past.Glass Steagal Act of 1933 was made drawing from the learnings of Great depression and served the nation reasonably well for long,though amended later.Now,with this fed decision,we will have heady mixture of Invt and Commercial banks which caused the financial disaster in 1930s and again in 2008.Wonder where the Congress oversight is?Or is it that everyone is being bulldozed over with horror stories being drawn by Treasury?