Paulson is on a sticky wicket though ... with the US senate yesterday refusing him the $700 Billion he'd asked for to save the US and by domino effect Global financial system. While the sanity of injecting billions of dollars to buy out mortgage based junk assets from US Banks is debateable ... it does seem like the only way to quickly stop an immediate meltdown - So much for capitalism, Milton Friedman and free market economics !!!
If he fails he'll be "Sach"ed unceremoniouly else he'll surely become an iconic Uncle Paulson !!!
Photos courtesy : Rediff.com & Wikipedia ... stitched together on MS Paint
Hey,
ReplyDeleteYeah i am from L. PGP 21. Im following your blog :)
Cheers,
KP.
This comment has been removed by a blog administrator.
ReplyDelete@karthik ... any idea if we have a community of bloggers from iimL ??? I know iimA has one.
ReplyDelete@r.patel ... thanks for the comment !!! I visited your blog and have bookmarked it for reference ...
Hey, we should probably start one cause I dont think there's any for L right now. But there are tons of people who have blogs out there. Can you give me a link to IIMA. Lets see if we can better them ..
ReplyDeleteCheers,
KP.