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, February 17, 2009

Paulson, the hypocrite

Right, so Paulson is this "Free market guy"... all about Markets.

So, then he ends up "Price Fixing" the price of Bear Stearns.

Besides the clear violation of Market pricing. The added lack of confidence it created in the market. That then he paints himself into a corner with bailouts, and moral hazard..

IRONY is a Bitch!

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