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robdverity 08/13/2009 01:16 AM Report
The contrasting revelation from this guy is the magnified observation that the financial wise-guys were OBVIOUSLY WRONG, and easily discernible from a discriminating man in the business. Making the intentional egregious greed all the more culpable. And punishable. Hopefully (some day).
REMant 08/11/2009 01:54 PM Report
Hear! hear! But you know it isn't risk per se that really is the problem, but too much credit, and that is entirely avoidable. One should be able to do business perfectly well, indeed, undoubtedly better, without manufacturing credit or printing money. That limits risk to matters only of supply, demand and misfortunes. The Chinese are doing exactly what they should be doing to build their home market and I applaud them for it, but I would not call it stimulus, Charlie. I think tho that rather than buying Treasury bills or American real estate they should be investing in some of our developing industries. The British govt, on the other hand, I think is nuts.