Jim Manis on Most Anything

Jim Manis can formulate an opinion about a good many things, including those about which he has little knowledge. (And some dude named "Lazlo.") Visit The MagicFactory.

Sunday, January 04, 2009

Keeping the Wall Street Elite Sweet:

Michael Lewis and David Einhorn explain how the SEC lacks the capacity to do its job in today's New York Times.

How much is $300 billion, the amount given to the banks to bailout the economy? "It’s almost 2 percent of gross domestic product, and about what we spend annually on the departments of Agriculture, Education, Energy, Homeland Security, Housing and Urban Development and Transportation combined" (Michael Lewis and David Einhorn, "How to Repair a Broken Financial World," The New York Times).

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