Faction Fight: It’s Wall Street vs Main Street, guess whose side the government is on?
A few people have asked me my opinion about the various Fed actions, Paulson’s GSE bailout, the housing bailout package, and bailouts in general. I think I can voice my opinion in very simplistic terms. It’s Wall Street vs. Main Street. Two factions with opposing goals are at odds. Guess whose side your government is on??? The consistent imbibing of the intoxicating elixir of easy credit, excessive liquidity, surging risky asset prices and a preternatural tolerance for uncompensated risk is the
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