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(The Year 2012 In Review)
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|User Info||Where We Are, And Where We're Headed (2011); entered at 2010-12-31 01:30:34|
I don't think they'll get it done - the lawyers smell blood and there's too much money to be made taking bites out of some very fat cats. If I'm right there will be at least one burnt offering made - probably BAC - and, if it comes at the wrong time, it won't stop there. If this gets going in the middle of a broad market sell-off Lehman will look like a cake walk.|
Unlikely as this again boils down to the ability of the Fed to twist arms to their advantage. The scums at the Fed are pretty adept at this.
I expect an all-on attempt to change The Fed mandate to remove "employment" and possibly define "stable prices."
Unlikely. Both Democrats and Republicans need Fed cover to spend .. we can simply discount their posturing.