Voices Carry

I try so hard not to get upset
Because I know all the trouble I'll get
--'Til Tuesday

Have long regarded market journalist Caroline Baum as a sharp cookie. Her recent commentary on bloomberg.com "John Galt Plan Might Save U.S. Financial System" reaffirms the vibe. Quoting from near the end:

"We want laissez-faire capitalism in good times and a government backstop against losses in bad times."

True dat, CB, and worth pondering as we watch bankers from Citi (C), Merrill (MER), Lehman (LEH), et al queue up in the Fed Bread Line.

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