Bankers Show the President the Back of Their Hands, Not the Cards in Those Hands

Since this blog does not have a "Links" section, here is a link to a fun read that is a first-class post by Jesse on the recent "summit" at the White House with financial leaders:

http://jessescrossroadscafe.blogspot.com/2009/12/bankers-summit-and-some-significant-no.html

On first read, I agree with all the major points and implications. Good work!

Copyright (C) Long Lake LLC 2009

None Dare Call It Stimulus

Time is out with the news that a second stimulus package is going to be passed soon, but for some reason or other it will be the stimulus that dare not speak its name. Also, the article alleges that the President does support another round of homebuyer tax credits; whether the very recent revelation that this program has been riddled with fraud would affect his views is not discussed.

Here is the link to The White House Readies a Stealth Stimulus.

They are making it hard to be long the T-bond!

Copyright (C) Long Lake LLC 2009