Monday, March 17, 2008

Sold by Megan McArdle

Megan McArdle is Sold!:
"The thinking goes that we need to draw the line here, whatever the cost, because if we let the financiers go on their merry way, eventually they'll create a wave that will swamp the Fed's power to intervene. Possibly so, but from what I hear, the people on Wall Street are pretty much scared right down to the tips of their Gordon Gekko underoos."
Nice.

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