Hey Jed,
Speaking of capital.. ever heard of this quasi-govt firm.. "Maiden Lane 111".. ?? Richard http://www.msnbc.msn.com/id/29311015 "As the collateral calls kept coming, the Federal Reserve Bank of New York announced in November it would create a separate company, dubbed Maiden Lane III, to help alleviate AIG's cash crunch caused by the credit-default swaps written by Financial Products. By buying up the underlying mortgage-related securities, the government freed Financial Products to terminate billions of dollars in credit-default swap contracts that had plagued AIG's balance sheet. So far, the government has poured more than $60 billion into the effort." With regard to both energy and the economy those bumper stickers should ask: "Where is John Galt when we need him?" Ayn Rand gave us John Galt in fiction. Reality hands us Bernie Madoff. No one does more harm to capitalism than capitalists. - Jed
