Tuesday, March 24, 2009

George Soros op-ed WSJ

There is an op-ed today by George Soros in the Wall Street Journal that is an almost perfect, succinct, understandable by me, and correct version of the financial devastation and why that Credit Default Swaps( reason for the caps) and the elimination of the uptick rule created a disaster that did not need to happen, and why correcting that is so much more important than all of this bs spending. See post here on March 7. I wish that my writing skills were as strong as whoever took Soros's thoughts and penned them into this short piece.

Look now. From what I can see it is not available to non-WSJ subscribers, but if there is still one on the newstand this eight paragraph piece may be worth two dollars.

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