Wednesday, April 1, 2009

Piquant Pequot

Byron Wien is nobody's fool.

The thought of the government running the major lending institutions, making them susceptible to political influence, seems like a nightmare to me.

My nightmare is the thought of the major lending institutions running the government, but at this point, it's unclear there's any difference between these.

The letter is hardly a revelation, but it's worth a quick read if your following the market.

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