Sober Conclusions
After reading a good part of the Wall Street Journal and the NY Times, and absorbing the words of respected elders and pundits du jour, I’m thinking that the best and the brightest at the Treasury/Fed have made the initial major moves they felt were necessary to keep the financial system from imploding.
However, I’m not reassured that they have the deftness to make the relief hold long term. I also think there’s a good chance that they’ve created or exacerbated other problems that are lurking and growing closer.
The powers that be are clearly flying by the seats of their pants in uncharted territory.
President Paulson is the most powerful man in the world now.
There is reason to be scared, so if these proposed solutions have simply changed the nature of your uneasiness, I believe that your sanity and judgement are intact.
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