Monday, September 22, 2008

On The Tactics Of The Bailout

David Fiderer on Huffington has an excellent post entitled "Wall Street's Meltdown: An Executive Survey". Here's a great quote:

"But the tactic -- run up the clock to the last minute so the other side must decide when his back is against the wall -- is well known in the financial services industry. It's also a well known tactic on Capitol Hill, where it's being used right now."

It seems to me to be a tactic that should be resisted.

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