I am in love.
Nothing new there as being in love seems to be a curse coming from the gods to punish me.
But I am in love.
With banks.
And that’s why I found this piece in the New York Times about the new Treasury Secretary, Mr Geitner, so fascinating:
In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.
Mr. Geithner... successfully fought against more severe limits on executive pay for companies receiving government aid.
He resisted those who wanted to dictate how banks would spend their rescue money. And he prevailed over top administration aides who wanted to replace bank executives and wipe out shareholders at institutions receiving aid.
Not too bad for a former FED employee.
At the end Wall Street always wins.
For now the Americans are throwing good money after bad money at the expense of the taxpayer.
Even as banks are walking zombies, they will be saved.
Let’s have a look to the bank index.
This index tell us the real story – read my lips: “Banks will be saved”
Nothing new there as being in love seems to be a curse coming from the gods to punish me.
But I am in love.
With banks.
And that’s why I found this piece in the New York Times about the new Treasury Secretary, Mr Geitner, so fascinating:
In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.
Mr. Geithner... successfully fought against more severe limits on executive pay for companies receiving government aid.
He resisted those who wanted to dictate how banks would spend their rescue money. And he prevailed over top administration aides who wanted to replace bank executives and wipe out shareholders at institutions receiving aid.
Not too bad for a former FED employee.
At the end Wall Street always wins.
For now the Americans are throwing good money after bad money at the expense of the taxpayer.
Even as banks are walking zombies, they will be saved.
Let’s have a look to the bank index.
This index tell us the real story – read my lips: “Banks will be saved”
No comments:
Post a Comment