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?
Monday, August 10, 2009
The New Wall Street
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