EVENING READING
21 October 2009 by Cullen Roche
1 Comment
Three Recovery Myths - Morgan Stanley
Hank Paulson Engineered The Failure Of Lehman Bros - Felix Salmon
The Earnings Season Racket - Kass
How Wall St Will Kill The Recovery - BW
Imperialism Courtesy Of Goldman Sachs - NYT
Two Lost Decades? - BB
Recognizing A Bubble - Merk
Big Banks Take Your Money And Run - Fortune
Persistent Pessimism - MW
Be Wary Of The Gold Trade - Reuters






I don’t get the whole “We can’t do anything about the pay” mantra. These companies are in business, because the Fed is taking the writedowns. If they don’t wanna play ball with not taking bonus’s, then cut ‘em off from the discount window. Why should GS have access to zero percent money, if they don’t behave ? Simple, legal, to the point.
Now somebody tell Obama that Timmy and Larry have been lying to him, so we can get this train moving.