If I had a trillion dollars, I would not give it to Wall Street.
Until a few months ago, such an introduction would seem ridiculous because it was so obvious that it need not be stated. In February 2009, however, opposing trillion dollar handouts to the financial industry is the work of rebels. The mainstream debate in Washington and on CNBC is not about whether giving Wall Street so much money is a good idea. Rather, the debate centers around the question of how we should give Wall Street the money. It is all but given that we are supposed to hand over the cash. In just a few months, the obvious has become the preposterous.
In subsequent posts I will offer my perspective on the government's various Wall Street bailouts. Hopefully, this perspective will help people to challenge the notion that we should be pumping so much money into Wall Street on such generous terms. At times, I will veer off course and comment about other economic events.
A few words about myself: I am a fixed income trader. I graduated from Princeton University in 2004 with an undergraduate degree in American history. Barack Obama got my vote. And I live in Philadelphia, PA.
Nothing written here represents the views of my employer.
Thanks for checking out my my blog. Please do not be shy about sharing your thoughts.
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