Monday, August 10, 2009

The New Wall Street

Investor Wilbur Ross comments on what I call the last boom town in America: Washington, DC.

"Washington is becoming the new Wall Street...The $64 question is will government be able to re-exit from that, and yet leave the economy intact, or are we moving toward a permanent socialization of the capital markets?"

From NPR.

The better question is, why human nature should operate any differently in Washington than it does in New York?

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