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  • Wall Street Breakfast: Must-Know News [View article]
    The "watchdog" criticism of the FDIC for not saving two banks is a good example of Washington politics. Sheila Bair, the head of the FDIC, was the hero of the housing bubble for raising early alarms when nobody wanted to listen, and for having a sensible approach to foreclosure mitigation. She is also out of step with the administration on new regulatory reform proposals - with the FDIC put to a junior partner position behind Geithner's Treasury. She is a fiscally-responsible Kansas Republican in the land of Barney Frank. There was an excellent article about her in a recent New Yorker Magazine - available in most doctors' offices.
    Aug 07 11:29 am |Rating: +4 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The selection of the new Treasury Secretary will be momentous as an indicator. The short term problem is getting the financial system going, and minimizing the pending recession; however, the next problem will be the total lack of financial discipline (by the Bush administration, the congress, and the Obama campaign pledges.) Taxes will come in the form of inflation.
    Nov 05 16:33 pm |Rating: 0 0 |Link to Comment
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