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Pastimes : Crazy Fools LightHouse
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To: ms.smartest.person who wrote (1134)6/10/2006 5:45:24 AM
From: ~digs  Read Replies (1) of 3198
 
<<Henry Paulson was brought in to do a job that Ben Bernanke can’t seem to accomplish with the tools he has, or that Paulson’s predecessor at Treasury could not do, which is to get his Wall Street banker friends to direct their capital and their client’s capital more to bonds in order to hold those yields down. So I do expect to see, from this point forward, more heavy asset weightings in bonds and less for equities in the Wall Street bankers recommended portfolios. >>

Just as the two people before him, Paulson may likely fail to be able to provide much persuasion. People can only tolerate so much lip-service until their eyes begin to roll. In the end, traders ultimately treated Snow with disdain.

<<The world, however, is bigger than the Fed and Administration and a wiser place today.>>
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