Statements from Secretary of the Treasury Geithner (left) and a story today by The Washington Post make clear that a new era now begins for global finance, markets and compensation. All of that, inevitably, reminds us of former VU funds manager Bill Spitz's sage comments on the state of the nation.
Thursday, March 26, 2009
U.S. Treasury's 'Rebuke of raw capitalism'
Statements from Secretary of the Treasury Geithner (left) and a story today by The Washington Post make clear that a new era now begins for global finance, markets and compensation. All of that, inevitably, reminds us of former VU funds manager Bill Spitz's sage comments on the state of the nation.
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It will be refreshing and encouraging when the leadership Team In Training finally gets a grasp of what and how they should tackle the problem. Offhand comments that roil the markets aren't helping. I'm unsure this bunch of seeming incompetents will ever get it.
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