Not mainstream AccMan but needs to be said:
Earlier today I listened into the senate (?) deliberations around the Lehman failure. I was shocked. The politically charged bi-partisan discussion was a disgrace to the intelligence of the American people and, for that matter, the rest of the world. Every time tough questions were put, chairperson Frank called time out as though we were watching some bizarre football game. What on earth is the matter with these brain dead politicos that they invoke bi-partisan issues instead of recognizing the real problems that Main Street USA (and the rest of the world) has to manage?
If Wall Street ever needed a bail out then this media driven circus was the way to go.
Colleagues on Twitter seemed resigned to the political glad handing that goes in Washington. WTF? Wall Street sneezes and we all catch a cold in Europe. So what?
Whatever the regulatory outcome, in EU, we’ll all be taking a rectal suppository of a size that will make eyes and ears bleed. If you’re not taking notice then shame on you. For myself, I would be delighted for any US publication to take my more measured opinion. Seriously.
In the meantime, I am not surprised that Francine and Adrienne run amok. If I was in their position I’d do the same. It’s easy meat for those with more inquiring minds.
Professionals with clients that have USD exposure might wish to take note. You’re in the crapper. And I for one am disgusted at the way foghorn tossers in the shape of people like chairman Frank stifle the real debate. Yes – I am angry. Professionals who try do the right thing deserve better than the PR twisted bullshit that the likes of political appointees such as Bernanke and Geithner dish up. They are beneath any thinking person’s contempt.
To their eternal credit both Francine and Adrienne try make the complex look simple. They’re failing. When Globla Main street gets what they’re talking about then maybe we’ll see the world through different spectacles. Of course we need regulatory change but we need explain to Joe Blow how the dots get connected. It’s not easy but it is do-able and, is in my opinion essential to our crafting a new way of creating sustainable economies.
Rant over – for the time being.
