Good Afternoon Folks
All is pretty quiet on the news front. I wanted to share this excellent video featuring former Treasury Secretary Paul O'Neill. Its time to replace Turbo Timmy with this guy.
I apologize for the audio delay on the video. I couldn't agree more with what Mr. O'Neill has to say here. We need to put a floor under this mess and it all begins with knowing what the losses are.
This is the type of leadership that is sorely lacking in Washington DC.
Here Here Mr. former Treasury Secretary!
The Obama "bad bank" plan could trigger another big rally next week.
ReplyDeletehttp://www.cnbc.com/id/29814422/site/14081545?__source=yahoo|headline|quote|text|&par=yahoo
Will be interesting to see the market reaction once the plan is detailed.
Jeff,
ReplyDeleteOne of the better articles I've read on this mess.
http://www.rollingstone.com/politics/story/26793903/the_big_takeover
Hope all is well.
Anon
ReplyDeleteWe'll see. This is the same bailout they have been talking about for weeks.
I don't think its enough money to solve the problem and I don't think Geithner has the ability to get much more from Congress.
If Wall St. interprets this to be a plan that doesn't solve the problem we head south.
The market is a tough read right now.
Joey
ReplyDeleteThat was awesome.
I may post this on the site later today if you don't mind.
Thats a must read.
How disgusting. The pigment need to be shot.