I’m Against It
September 22, 2008 1 Comment
What do I think about the financial bailouts? What do I think about the Treasury proposal to buy up toxic-waste ABS/MBS? What do I think about Fannie & Freddie? What do I think about unregulated CDS and 30+ leverage ratios?
These are all complex issues requiring serious thought and sober analysis. All the details are not yet known. The problems (and dollar figures) seem too big for any one person to really grasp. And I am certainly far from an expert on such matters.
On that note, let me just let the immortal words of the Ramones speak for me:
UPDATE: And that goes for the change of status of Goldman and Morgan Stanley as well. I’m. against. it.
In fact that’s my new blanket policy on all new developments from the world of finance. GET USED TO IT PUNKS.