Posted by Larry Doyle on February 23, 2009 10:33 AM |
With so many dramatic events happening so quickly in the global economy, it can be daunting to keep things straight. Banking, housing, autos, regulatory structure, global trade, employment. The stream of dramatic developments is breathtaking. In times like these, I think it is critically important to remain very focused and disciplined. The ability to compartmentalize is vitally necessary.
In that vein, I find it very interesting that the lead editorial in today’s New York Times, Why Can’t Cerberus Foot The Bill, addresses the topic I broached on December 11th, Who and What is Cerberus…?.
Private equity is not supposed to benefit from taxpayer bailouts!!
Our public representatives need to work a little harder on the taxpayers’ behalf.
It’s called capitalism. Let it work.