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Prudent Man CFA is a
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I admit I made a few bucks on these options but I am not so delusional to think these banks can manage these assets when they have trouble with managing the spread.
Sep 29 12:13 pm
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All Comments by Prudent Man CFA »JPMorgan: Options Investors Cashing In [View article]
They are getting what many uninformed call "too big to fail" which means too big. And, too big means they will certainly fail. This band aid may work for a while but this is a recipe for financial disaster not a solution.
Welcome to Government Capitalism and the end of Free Enterprise.
I have never been so pessimistic since it looked like Jimmy Carter may be reelected. Hopefully another Reagan may come along but certainly Obama isn't even in the same planet but he has the One World Government supporters in his corner and they are getting their way now.