Tiny Tim and companyThe Democrat oust in Massachusetts yesterday has apparently spurred the Obama administration to serious control proposals for the banks this morning. At last? We shall see. I do want to hope that Obama can find the strength to lead rather than keep following Tiny Tim and company; but until we get the details later today from the President's press conference we will have to remain sceptical. The first year of Obama has taught us to be sceptical. Different facts: but on similar principles, both Obama and Tiger Woods have let their believers down these past few months.
Meanwhile good article this morning in the Huffington Post (Hat tip Ray T.): see Paul Volker Prevails … Let's hope.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”