Watching this legislation to bail out Wall Street and banks clear the House has shaken my faith in true capitalism. I thought Wall Street was good at one thing: making and managing money. But like the folks in Washington D.C., most of them are just incompetent. With this headline from The New York Times I’m reminded of the Holiday Inn Express ad below.
Need I say more? Anyway, if you’re looking for sharp, incisive and understandable commentary on the current credit crisis and the nationalization of Wall Street, I recommend three bloggers — each one exceptional in their own unique way: Paul Kedrosky, Barry Ritholz and Cody Willard. Cody, despite his email blasts, has totally won me over with his witty, precise and scathing commentary. He speaks what I think.