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.
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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