Jesse's Café Américain Tue 2010-01-05 19:05 EST
Is the US Goverment Preparing the Lifeboats for the Next Financial Disaster?
The fraud and mispricing of risk in the US financial system has become pervasive and epidemic, such that a good stiff headwind could have taken it all down, and because of a lack of serious reform, still can. Rather than fixing potential causes of the next disaster, the Obama Administration seems content to block the escape routes and issue priority passes to the big Wall Street banks and a favored few...The only constraint on the Fed's printing money is the acceptability (marginal value) of the Bond and the dollar, which is the bond of zero duration. And the people making the decisions about printing and distributing those dollars are more unworthy of holding such power than you might imagine, even in your lowest expectations.
financial disaster; Goverment Preparing; Jesse's Café Américain; lifeboat.