Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Tuesday, September 23, 2008

They are right about the equity stake

I'm a huge fan of the equity stake....

Problem is, they are trying to create a liquid market for them, and If a Financial institution needs to give up equity to participate. It will reduce liquidity, in that market.

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