Full story here.
…Additionally it appears that we now have “financial reform” via the “Dodd-Frank” bill. I personally do not think this accomplishes anything for the economy – it consolidates power in the wrong hands while failing to address current debt levels, derivatives, and the GSEs. The market does not appear to know how to digest it – there are many discretionary powers and delayed timelines so it is difficult, if not impossible, to know all the ramifications in advance. I was recently interviewed by a European publication regarding this bill, below are their questions and my responses:
(more…)
Dead files for 20-27 July 2010
Wednesday, July 21st, 201021 Jul -
Pipeline explosion in China. Your occasionally cynical blogger is wanting to know who/what caused the explosion. It does so help to distract from Chinese ratings agencies junking America.
http://news.yahoo.com/s/ap/20100721/ap_on_bi_ge/as_china_pipeline_explosion
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21 Jul -
Firefighter dies after marrying tranny bride. Is this finance-related? Not much, but it is salacious.
http://www.chron.com/disp/story.mpl/headline/metro/7114026.html
Tags: dead bankers, suicide, Suspicious Circumstances
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