hamptoner

Geithner, Taxed

Not only do we have someone of questionable integrity as Treasury Secretary but we now know that the President, who had a chance set the ethical bar for his administration to a high standard chose not to. So much for Change! It's going to be more of the same in Washington!

Opportunity in the Paulson Backlash

Barney Frank had a big hand in getting us into this mess...so he'd better shut up!

J.P. Morgan Bailouts Date Back to 1893

Jamie Dimon is in no way like J.P. Morgan, has no relation to the firm of J.P Morgan & Co. (other than having inherited it from Sandy Warner & co who lost sight of J.P Morgan's history and values and ran it into the ground in ten years). His own values were learned somewhere else (on the knee of Sandy Weill?) and he had the government pushing him to rescue both Bear Stearns and WaMu. J. P. Morgan rescued the system by dint of his ownn strengths and personality. If Dimon ultimately turns out to be more than a smart, ambitious and opportunistic leader, so much the better. We'll have to wait and see!

Blame Realtors, Brokers and Bankers - Not Greenspan

There's such a thing as moral suasion and Greenspan used it well. One remembers the expression "irrational exuberance". He could have and should have brought it to bear on the housing market excesses. He shoulders much of the blame!