It seems to me if you want to avoid financial panic, you should stop screaming 'financial panic' all the time!
Still, the bail out and financial panic and collapsing stock market all got me wondering, what would Al make of all this?? And how nice it would be to pick up the phone, or drive over to Warren, and plug into Al for some sound, wise market advice. Just a reminder of how much we miss him.
Anyone out there with some thoughts on what Al would make of this? Pro/anti Bailout? Anyone want to pick up the slack on stock advice for the younger generation?
thanks, Pete
2 comments:
My own thoughts are pretty perfectly summed up here.
http://www.rgemonitor.com/roubini-monitor/253783/is_purchasing_700_billion_of_toxic_assets_the_best_way_to_recapitalize_the_financial_system_no_it_is_rather_a_disgrace_and_ripoff_benefitting_only_the_shareholders_and_unsecured_creditors_of_banks
I think Father would have liked the Washington Senator who advised a much more progressive plan with the taxpayers directly benefiting from shoring up the financial wizardry that's come up short, and I can't explicate the form; and which father did predict from this undercaptialized market, but he was too savvy not to ride through on the majority of his stocks, to all of our benefits. I have no idea how to benefit on the ride down, but maybe we all could talk about it.... ichat on!
m
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