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All Roads Lead To Rome...But..

Posted on September 24, 2008

Paulson is working hard to get the clearence to set up a $700 bil.broker / dealer on the taxpayers' pad. He might even add a unitto do merchant banking -- taking stinky credits for equity. Thatis one road we all have to travel to get to Rome, so to speak.We also need to watch the economy itself, and in so doing,work to keep the rescue plan as separate as we can. Whetherthe plan gets off the ground or not, it and the path of theeconomy will eventually converge.Even if Paulson gets most of what he wants and the plan kicksoff soon, we are still looking at a weak economy in which bankers,relieved ...

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economy , inflation , interest rates , mortgage rates