tomintucson
Recycles dryer sheets
Several months ago I posted a link to this wonderful commentary by James Grant, a titan of Wall Street by my estimate in the vein of deep value and the Austrian school of economics. The piece received little attention or comment at the time, but I think enough of Mr. Grant's words to offer them up again. He poses the question, "Where's the outrage?" from the American public towards Wall Street malfeasance and neglect from regulators. We're all going to be paying for these bailouts and destruction of capital for many years to come. Anyone else angry about this?
I realize that each financial bust is followed by outrage, lip service from politicians, and then a return to business as usual. Nevertheless, I say "Hang 'em high."
Why No Outrage? - WSJ.com
I realize that each financial bust is followed by outrage, lip service from politicians, and then a return to business as usual. Nevertheless, I say "Hang 'em high."
Why No Outrage? - WSJ.com