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eric pebble

Ft: Wisdom For A Punch-drunk Wall Street

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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.


Are the VI's going to succeed in screening this guy out - AGAIN? It looks like it! :rolleyes:

Edited by eric pebble

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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.

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Wishful Thinking.

Ain't going to happen...yet. It would need another crash, for people to wake up and say "enough is enough."

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