eric pebble Posted September 1, 2009 Share Posted September 1, 2009 (edited) FT: Wisdom for a punch-drunk Wall Street The Road to Financial Reformation: Warnings, Consequences, Reforms - By Henry Kaufman Henry Kaufman, the economist and Wall Street elder statesman, gives the lie to the notion that no one saw the financial crisis coming. He was not alone, but was earlier than most, in seeing the structural flaws in the financial system and in central bank thinking that led to the debacle of the past two years. http://www.ft.com/cms/s/2/a90b6a36-9594-11...144feabdc0.html Are the VI's going to succeed in screening this guy out - AGAIN? It looks like it! Edited September 1, 2009 by eric pebble Quote Link to comment Share on other sites More sharing options...
eric pebble Posted September 1, 2009 Author Share Posted September 1, 2009 Let the banking utilities, benefit from deposit guarantees, but not the casinos It's a good article overall -- sober - and intelligent. Quote Link to comment Share on other sites More sharing options...
wonderpup Posted September 1, 2009 Share Posted September 1, 2009 Good idea.Let the banking utilities, benefit from deposit guarantees, but not the casinos This is the outcome the banks fear most- too big to fail is just how they like it. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted September 1, 2009 Author Share Posted September 1, 2009 This is the outcome the banks fear most- too big to fail is just how they like it. Yup - make hay whilst the going is good -- b%gger the rest of us.... Quote Link to comment Share on other sites More sharing options...
@contradevian Posted September 1, 2009 Share Posted September 1, 2009 Wishful Thinking. Ain't going to happen...yet. It would need another crash, for people to wake up and say "enough is enough." Quote Link to comment Share on other sites More sharing options...
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