Monday, September 29, 2008

Bail Out Plan

If you think forecasting stocks is hard, try forecasting politicians several weeks before major elections. Whatever congress passes will be changed, altered, enhanced, modified and to some extent ignored. The Devil is in the details but in this case we are changing Devils.

Not one politican will claim credit for passing this legislation. Most if not all politicans will take credit for making it tough on Wall Street. Democrats will take the opportunity to bash Republicans. In their zeal to bash Republicans I hope they remember to fix the fundamental problems.