Parisian Family Office CEO. Founder of CHIPPEWA PARTNERS, Native American Advisors, Inc., Registered Investment Advisor. White Earth Chippewa, educated conservative, raised on Indian reservations across Great Plains. Began Wall Street career in 1982. Always been, will always be, an optimist. Pureblood, clot-shot free. In a world on a dopamine binge, this is his take on life. Written at the Ghost Ranch in MT, Pamelot, their TN farm or winter home in San Jose del Cabo, Mexico.

Thursday, January 15, 2009

Blatant .............

Treasury Secretary Paulsen bailed out Ken Lews who bailed out John Thain. If Lewis had let another 48 hours pass Merrill's stock price would have cratered. Thain (and all Merrill shareholders) would have lost a bundle more. Talk about "insider trading" at the expense of the American taxpayer.

This entire "bail-out" by TARP funds will go down in history as one of America's most egregious episodes of irrresponsibility.

The confederacy of suit-wearing dunces on Wall Street and in government will insure that comes true.

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