CEO of the Parisian Family Office. Retired/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 MT Ghost Ranch or Pamelot, TN farm or his winter camp in San Jose del Cabo, Mexico.
Monday, September 16, 2013
Janet Yellen, palm reader extraordinaire..............
As the
following excerpt from a 2010 FCIC hearing, noticed first
by the NYT, demonstrates, if this is the best Fed head replacement we can do
then we may as well fast forward to the Great Financial Crisis ver 2.0:
“For my own part,” Ms. Yellen said, “I did not see and did not
appreciate what the risks were with securitization, the credit ratings agencies,
the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until
it happened.”
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