In DC this week. Typing this whilst looking out my hotel window with a beautiful view of the Washington monument gleaming in the distance. Absolutely spectacular. Talk around here is all about the bailouts of Fannie Mae and Freddie Mac. I can't even begin to sum up how horrible this all is. I still need some time to cool off. The big question on my mind (as well as everyone else I had dinner with this evening) is who's next? The political modus operandi right now seems to be "socialize profits and privatize losses." If you can't comprehend how horrible that is, it might be time for you to quit reading this blog...
In other news, I spoke with a couple of Wall street folks and it seems as though a major bank and major investment bank are on their last breaths. And that's excluding Lehman Brothers. I'll post about anything else I hear whilst in DC this week. Until then!
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