Treasury Secretary Henry Paulson is the man of the hour. This weekend he drew a clear line in the sand: no more federal bailouts. Not for Lehman Brothers. Not for Merrill Lynch. Not for anyone, at least as of this writing.At least he's noticed that we're no longer in the Goldilocks Economy with King Dollar...
Sed omnia praeclara tam difficilia, quam rara sunt.
For all excellent things are as difficult as they are rare.
--Benedict Spinoza
The counterfeit innovator is wildly self-confident. The real one is scared to.death.--Steven Pressfield
You may be disappointed if you fail, but you are doomed if you don't try.--Beverly Sills
Stop whining.--Cathy Seipp
September 17, 2008
I'm Not a Fan of Larry Kudlow
Kudlow, one day before the AIG bailout (see here or here):
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