Tuesday, September 23, 2008

Urgent advice for the People's Republic of Wall Street

As Republican Treasury Secretary Henry Paulson seeks to Sovietize the American financial sector just as fast as his levers of power will move, broadcaster Lindsay Perigo offers cogent advice backed with brilliant historical analysis, and economist Frank Shostak offers the same cogent advice, backed with brilliant technical analysis.

Read them!

In the inflation-induced collapse of the American economy of the 1930s, two presidents took the opportunity to begin the process of Sovietization -- one Republican, one Democrat -- which included many measures, including the creation of Fannie Mae, whose toxic presence helped to create the latest disaster.  Can we please ensure the same opportunity is not taken again in the 2010s.

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