Wednesday, August 15, 2007

Below 13000

Perusing other economics-related blogs, I find some of the same sentiments I have, and it's odd none of the "professional" sites mention these theories. Probably afraid of being sued!

Dow down well below 13000 today (despite the Fed throwing in another $7B) and jitters not over yet. The only good thing is the recognition by more and more of the public that Federal oversight of banking practices is ineffective. Ditch the Fed and put Treasury secretary in charge: isn't it his job to act in an "executive" fashion to control these business practices??

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