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In his letter to investors, he took issue with a number of Washington initiatives, including the Credit Card Act of 2009 and a proposed “enterprise tax” that would be levied on hedge fund managers who sell their firms.
“So long as our leaders tell us that we must trust them to regulate and redistribute our way back to prosperity, we will not break out of this economic quagmire,” Mr. Loeb wrote.
“Perhaps our leaders will awaken to the fact that free market capitalism is the best system to allocate resources and create innovation, growth and jobs,” he continued. “Perhaps too, a cloven-hoofed, bristly haired mammal will become airborne and the rosette-like marking of a certain breed of ferocious feline will become altered. In other words, we are not holding our breath.”
...
“Many people see the collapse of the subprime markets, along with the failure and subsequent rescue of many banks, as failures of capitalism rather than a result of a vile stew of inept management, unaccountable boards of directors and overmatched regulators not just asleep, but comatose, at the proverbial switch,” he wrote. “It is easy to see why so many people have concluded that the entire system is rigged.”
In his letter to investors, he took issue with a number of Washington initiatives, including the Credit Card Act of 2009 and a proposed “enterprise tax” that would be levied on hedge fund managers who sell their firms.
“So long as our leaders tell us that we must trust them to regulate and redistribute our way back to prosperity, we will not break out of this economic quagmire,” Mr. Loeb wrote.
“Perhaps our leaders will awaken to the fact that free market capitalism is the best system to allocate resources and create innovation, growth and jobs,” he continued. “Perhaps too, a cloven-hoofed, bristly haired mammal will become airborne and the rosette-like marking of a certain breed of ferocious feline will become altered. In other words, we are not holding our breath.”
...
“Many people see the collapse of the subprime markets, along with the failure and subsequent rescue of many banks, as failures of capitalism rather than a result of a vile stew of inept management, unaccountable boards of directors and overmatched regulators not just asleep, but comatose, at the proverbial switch,” he wrote. “It is easy to see why so many people have concluded that the entire system is rigged.”
Wall Street is just waiting for the next stimulus package and bailouts and have given up on Obama because it doesn't appear the democrats can pass it before November 2010 people are actually pissed for once.
No, Wall street is smart enough that they always stay in power,they know which way the wind is blowing and it is {R} this time. They want to be able to grease the palms of the majority and both parties are always willing to their bidding. We are talking about Wall street and the banksters do you think they would go long on the {D}s knowing in Nov their A$$es will be handed to them and they will lose seats?
This game has been played over and over ad nausem, I am amazed that people have not caught on
No, Wall street is smart enough that they always stay in power,they know which way the wind is blowing and it is {R} this time. They want to be able to grease the palms of the majority and both parties are always willing to their bidding. We are talking about Wall street and the banksters do you think they would go long on the {D}s knowing in Nov their A$$es will be handed to them and they will lose seats?
This game has been played over and over ad nausem, I am amazed that people have not caught on
Various Wall Street figures have even publically said that they want a Dem President and GOP Congress so that way they can have their hands on both parties and buy off both.
Unfortunately, since the WSJ charges for articles in its archives, I can't provide any specific links.
Various Wall Street figures have even publically said that they want a Dem President and GOP Congress so that way they can have their hands on both parties and buy off both.
Unfortunately, since the WSJ charges for articles in its archives, I can't provide any specific links.
google might have stored it in its cache.
You might be able to find them in a search, then upload and post them to the thread.
I'm very much interested to see who's orchestrating the Clinton 2.0 era, behind the scenes.
Wall Street poured money into the Dems pocket.
Things didn't turn out quite the way they wanted.
Wall Street sees that main street is turning away from the Dems.
Wall Street is now pouring money into the Repubs pocket.
Wall Street has no qualms about jumping ship if they think they can buy favors from the other side.
They do it all the time.
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