Friday, December 3, 2010

Conventional Wisdom: The Financial Crisis Is Over

http://www.minyanville.com/businessmarkets/articles/todd-harrison-financial-crisis-headlines-stock/12/3/2010/id/31484

Point received, on a touchdown pass!

Old School Minyans know we don’t “do” acrimony in these parts. As my grandfather used to say, “Take the high road; it’s less crowded and has a better view.” Still, once in a while an item screams across our screens and it merits attention. Yesterday afternoon, one of those moments arrived.

Banking analyst Dick Bove openly offered that the financial crisis is “officially” over. While he correctly qualified his remarks by saying that “the only entity that needs this money any longer is the United States Government
,” the headline was too juicy to let slide by.