second. i need to give some props to Dr. Evil, he's been predicting an Obama administration would run wildly out of control with Pelosi and Reid at his tail.
makes the same case in his column today. not that this means it will happen. but i always feel vindicated when my views are shared by other smart people.
well done rob.
2 comments:
Just out of curiosity, what would you do to handle the situation if you were running for president? Anyone can answer this question if they want to. I just wanted to know what you think should be done instead of what the candidates are doing.
Stephen
Stephen-
my inclination would be to build investor confidence with government injections to capital, similar to what is being done.
i fear that the most recent plan, government taking stock options in major banks, and guaranteeing bank to banks loans will be a very difficult policy to work out of when the crisis passes.
but it does seem for the time being, the best steps are being taken to avoid a major market meltdown (to the extent that hasn't happened so far).
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