Dr.Who
Well-Known Member
Excellent (ok just a good article, the author seems to think that a handful of execs at AIG almost destroyed the whole American financial system even though he recognized that they did nothing wrong nor in hiding) article on the backlash that will result from the new Geithner amendment:
http://www.realclearpolitics.com/articles/2009/03/government_versus_confidence.html
Here is the last paragraph:
"What sane money manager would want to partner with a government that blames others for its mistakes, urges the violation of inconvenient contracts and threatens to tax benefits retroactively? One Wall Street expert told me, "Even if people trust the president, they don't trust Congress." This kind of trust and confidence is essential to the next stage of our economic recovery. It is also being actively undermined by the incompetence and hypocrisy of the government itself."
http://www.realclearpolitics.com/articles/2009/03/government_versus_confidence.html
Here is the last paragraph:
"What sane money manager would want to partner with a government that blames others for its mistakes, urges the violation of inconvenient contracts and threatens to tax benefits retroactively? One Wall Street expert told me, "Even if people trust the president, they don't trust Congress." This kind of trust and confidence is essential to the next stage of our economic recovery. It is also being actively undermined by the incompetence and hypocrisy of the government itself."