The market's back to Clinton administration levels, Murdoch warns of mortal wounds, yet the Dem pols in DC just flap their jaws. President Clinton's press secretary, Politico:“You try to come up with something that’s clever and catchy. You may well succeed and you may be sorry,” Siewert said, adding that today’s Washington press secretaries “should be watching CNBC and not CNN.”The first rule of any doctor is do no harm.
No more of this too big to fail stuff. Stop mucking up the market with this public-private Fannie-Freddie fakery that got us into this in the first place!!!
Cut these banks down to size, cut taxes, and then get out of the way and let Americans be free to live their lives and get back to work for their families and their future.
UPDATE: Forbes, "Why Mark to Market Rules Must Die".
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