By Paul B. Farrell, Wall Street Journal
Posted on February 22, 2009, Printed on February 22, 2009
http://www.alternet.org/story/128241/
Yes, America wants an economic recovery. A brand new bull. And nobody wants it more than Wall Street. It gets rich off bull markets. Yes, Warren Buffett may be buying, but the odds are against Wall Street now.
The financial sector's in the tank: Stocks are huge losers. Earnings stink. Bonuses are down. And if they ask for TARP money, CEO salaries get capped, there are no lavish conferences and you fly commercial -- very humbling for a big boss used to making a million bucks a week.
No comments:
Post a Comment