Dear Sen. Dodd, I am a resident of Connecticut and I vote. In addition, I work on Wall Street. For years I have been warning people against what is currently happening in our equity and credit markets. Some of us on Wall Street are not shocked by these events; they did not suddenly appear. Full Story »
Posted by Stephen Pizzo
While we hear a lot of scare talk out of Washington and Wall Street about what "will happen" if we don't pump a trillion taxpayer dollars directly into economy's veins, some are warning that will only make things worse. Inflation looms as the US Treasury tries to provide liquidity in a market where the most knowledgeable players have so little confidence they won't even lend to one another.
