Commodities, Global Markets
23/06/2009 § Leave a comment
……..it’s pretty amazing to see a report of massive bonuses forthcoming despite the corporate denial. What tin ears these guys have! The other thing that’s disturbing is the level of insider information that passes from officials to their pals. Buffett is an insider, period, and has sat in on many meetings with Fed and Treasury officials. It’s unseemly for him and others to parlay that to gains unavailable to others. It’s said amusingly that Geithner has Pimco’s Bill Gross on speed dial. Further, should politicians like Durbin and others with inside information from the Fed and Treasury invest with those capable of gaining on their behalf?
The outrage is heartwarming isn’t it?