I'm a bit more optimistic than most on this thread. In
particular, I think it used to be much, much worse, and the
Grand Thievery of All Times was committed last Fall under W
when the banking bailout passed.
Many, myself included, placed high hopes on Obama Administration.
However, we saw the same Democratic crew running the economic show.
In the meantime, the process continues to stumble along,
with DOJ probing derivatives, etc. In other words, things are
humming along, but many would prefer that they would hum along
at a much faster clip.
The only radical solution I do see is to nationalize the large
banks and financial institution that run the show, cancel contracts, and break them up.
We definitely need some new leadership in the government too,
and it did not change all that much as the Administration
changed. Some folks in the government are honest, some
are not. It's not black and white, and there are shades.
My feeling is that the shading is shifting toward the white,
albeit a lot slower than many of us would like.
Whether Ben stays or not will be announced soon.
FWIW, I expect that announcement to have more influence
on the market than anything else. |
