Saturday, May 2, 2009

30) Govt intervention? New rules in the game?

Cm - clear that there will be new rules unclear what they will be. The lobbying from the financial institutions will be awesome. That is offset by govts hatred for wall st. If I had all the power there would be a lot of intervention.



Wb - second time he used run on mm funds as an example of how bad it got. People were concerned about their 4T and they are upset. 90pct tax was uncontrolled fury