Sushi Money

Okay then, the government may help structure a financial fund that collects all the garbage debt that the financial institutions are trying to deal with.  Not a bad idea really, at least at this point.  Some of those assets are still worth something, and it may help stabilize the financial services industry, and of course, the markets.

Stocks have shot way up this afternoon on this news, and maybe this will help the balance sheets of countless firms and banks.  Too soon to tell if it will make a greater difference, but with the SEC’s new regulations restricting naked shorting and the billions of dollars that world banks have been injecting into markets, the money has to go somewhere.  When you’re in for the long haul it sure makes it interesting to watch. 

Then again, there are some forecasts that say the worst is yet to come, and this is “no market for old men.”  Whatever that means.  If he’s arguing that we haven’t seen this market climate since the great depression, then maybe it is a market for old men.  Personally I like the idea of someone with decades of experience managing my assets.

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