A former Reagan staffer explains why the tax on giant bailed-out banks is actually a fiscally conservative proposal.
$BAC
Hot Links: FDR, Merrill & The Wizard of Oz
Stuff I’m reading today…
Hot Links: IPO Culture, Rice Prices, Series 7 & the iPhone Cheese Dock
Stuff I’m Reading this Morning… Kedrosky on 2010’s return of the IPO culture. (InfectiousGreed) Robyn Meredith on China’s 2010 commodity appetite: “Watch the price of rice.” (Forbes) Quentin Hardy: In 2010 the internet will break, but something better will replace it. (Forbes) New Bank of America chief has no Series 7 or Series 24 license. …
Glass-Steagal Comeback: Maybe a Good Idea…Just Not Now
I don’t have a strong opinion on what a new banking separation rule should look like just yet, but I do feel strongly that now is probably not a great time to ramp something like this up.
