Bloomberg is the CNN of the financial world, but is far more respected
in that world than CNN ever was. Bloomberg terminals are found in in
profusion in all financial-related companies.

My wife, who is in the business, pointed these articles out to me.

I think Elliot Blair Smith got the root causes exactly right.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ah839IWTLP9s

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ax3vfya_Vtdo

Joe Gwinn

On Fri, 26 Sep 2008 09:06:07 -0400, Joseph Gwinn
wrote:
Bloomberg is the CNN of the financial world, but is far more respected
in that world than CNN ever was. Bloomberg terminals are found in in
profusion in all financial-related companies.
My wife, who is in the business, pointed these articles out to me.
I think Elliot Blair Smith got the root causes exactly right.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ah839IWTLP9s
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ax3vfya_Vtdo
Joe Gwinn
---------------
Good references. Also see
http://www.breitbart.tv/?p=182363
[video clip no dial-ups]

also see
http://www.bloomberg.com/apps/news?p...phA&refer=home
for discussion on how the muni bond market is being affected.
"Bazooka" Paulson's plan doesn't address this problem either.
coming soon to a municipality near you....
Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).