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November 18, 2010 at 3:29 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #631972November 18, 2010 at 3:29 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #632546
Rich ToscanoKeymasterGreat point UCgal — I always think of him in terms of his huge Wells Fargo invesmtent but he has other big financial industry investments as well — including but not limited to The Squid.
November 18, 2010 at 3:29 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #632673Rich ToscanoKeymasterGreat point UCgal — I always think of him in terms of his huge Wells Fargo invesmtent but he has other big financial industry investments as well — including but not limited to The Squid.
November 18, 2010 at 3:29 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #632991Rich ToscanoKeymasterGreat point UCgal — I always think of him in terms of his huge Wells Fargo invesmtent but he has other big financial industry investments as well — including but not limited to The Squid.
November 18, 2010 at 2:10 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #631870Rich ToscanoKeymasterWow, the guy who has a $10 billion investment in Wells Fargo thinks the bank bailout was a good thing. Shocker.
Bias notwithstanding, here are my two problems with this article:
1. It gives a free pass for the government failing to prevent — if not outright aiding and abetting, in many cases — the years of bubbles and capital misallocation that brought the crisis on to begin with.
2. He acts as if it’s all over. Yes, they mitigated one problem, but in so doing they have created another potentially even bigger problem. It’s not yet clear what will be the consequences of all the borrowing and printing that financed the bailout, and it’s thus way, way too early for the pro-bailout folks to declare victory.
November 18, 2010 at 2:10 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #631947Rich ToscanoKeymasterWow, the guy who has a $10 billion investment in Wells Fargo thinks the bank bailout was a good thing. Shocker.
Bias notwithstanding, here are my two problems with this article:
1. It gives a free pass for the government failing to prevent — if not outright aiding and abetting, in many cases — the years of bubbles and capital misallocation that brought the crisis on to begin with.
2. He acts as if it’s all over. Yes, they mitigated one problem, but in so doing they have created another potentially even bigger problem. It’s not yet clear what will be the consequences of all the borrowing and printing that financed the bailout, and it’s thus way, way too early for the pro-bailout folks to declare victory.
November 18, 2010 at 2:10 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #632521Rich ToscanoKeymasterWow, the guy who has a $10 billion investment in Wells Fargo thinks the bank bailout was a good thing. Shocker.
Bias notwithstanding, here are my two problems with this article:
1. It gives a free pass for the government failing to prevent — if not outright aiding and abetting, in many cases — the years of bubbles and capital misallocation that brought the crisis on to begin with.
2. He acts as if it’s all over. Yes, they mitigated one problem, but in so doing they have created another potentially even bigger problem. It’s not yet clear what will be the consequences of all the borrowing and printing that financed the bailout, and it’s thus way, way too early for the pro-bailout folks to declare victory.
November 18, 2010 at 2:10 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #632648Rich ToscanoKeymasterWow, the guy who has a $10 billion investment in Wells Fargo thinks the bank bailout was a good thing. Shocker.
Bias notwithstanding, here are my two problems with this article:
1. It gives a free pass for the government failing to prevent — if not outright aiding and abetting, in many cases — the years of bubbles and capital misallocation that brought the crisis on to begin with.
2. He acts as if it’s all over. Yes, they mitigated one problem, but in so doing they have created another potentially even bigger problem. It’s not yet clear what will be the consequences of all the borrowing and printing that financed the bailout, and it’s thus way, way too early for the pro-bailout folks to declare victory.
November 18, 2010 at 2:10 PM in reply to: Our Great Uncle Sam is still the uncle of all uncles……I definitely agree #632966Rich ToscanoKeymasterWow, the guy who has a $10 billion investment in Wells Fargo thinks the bank bailout was a good thing. Shocker.
Bias notwithstanding, here are my two problems with this article:
1. It gives a free pass for the government failing to prevent — if not outright aiding and abetting, in many cases — the years of bubbles and capital misallocation that brought the crisis on to begin with.
2. He acts as if it’s all over. Yes, they mitigated one problem, but in so doing they have created another potentially even bigger problem. It’s not yet clear what will be the consequences of all the borrowing and printing that financed the bailout, and it’s thus way, way too early for the pro-bailout folks to declare victory.
Rich ToscanoKeymasterSimilar setup, qualitatively, but with one big difference: the US has a printing press.
Rich ToscanoKeymasterSimilar setup, qualitatively, but with one big difference: the US has a printing press.
Rich ToscanoKeymasterSimilar setup, qualitatively, but with one big difference: the US has a printing press.
Rich ToscanoKeymasterSimilar setup, qualitatively, but with one big difference: the US has a printing press.
Rich ToscanoKeymasterSimilar setup, qualitatively, but with one big difference: the US has a printing press.
Rich ToscanoKeymasterYes, TG said it well. Being prudent with your money in a balanced manner is admirable. This guy — spending his golden years breathing in mold and scrutinizing expense reports — has a compulsion.
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