Tuesday, June 29, 2010

Market collapse on no leadership

Let's face it.

We have no leadership from our President and no leadership from Congress. The President knows nothing about finance and markets and the Congress is hopelessly political. The darn Supreme Court, for heaven's sake, is trying to give us a break on economic issues but that's not expected or effective whatever one's view there. The President, politicians, the "Justice" Department, state attorneys' general, the SEC, and the FDIC have done their best to destroy any leadership from the private sector and there is nothing to replace it. Hooray, no one is at the wheel. No one can say "not on my watch". There is a leadership vacuum that is sucking all hope out of the market.


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