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"

Thursday, April 2, 2009

Hank greenberg

so .. you know I'm checking out the greenberg hearing... and listening to all the usual suspects go on about .....

Here is what in giving me the Heebie Geebies, instead of going back to glass steagall or more separation of different types of companies, or attempts to stop these megalith firms they are trying to see if they can fix the "too big to fail" issue through regulation of Mega companies. I'd say there seems to be some bias to the companies that are Greesing the Congressional Wheels.

Apparently Hank thinks that if only AIG had been bailed out the proper way.. things would have been fine.... Ignoring the fact that AIG had to go hat in hand to the federal government.... but if you ignore that..... Everything is fine.

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