RedLeaf and Vigilante: Worth a Look
Bernanke goes all Obama; lays out plan to tighten-up. . . someday. Not saying he is wrong to keep rates low for now; just that making promises to reform someday is a very un-Fed-like, and very politician-like.
If we thought the Administration was serious about coordinating banking reform with Europe, then we’d be scared. Wait a minute! We just remembered! Coordinating banking reform with Europe was a major cause of the crisis! (See Part III of Panic) Now we’re scared all over again!
Sure owing gazillions to China is scary but one thing people forget is that in a crisis—even a crisis of the U.S. Dollar, caused by the U.S. Government—people still flee to the dollar ‘cause there’s still no place else to go. See the chapter “Sucked into the Green Zone” in Panic.
Can this last? Government requires firms to disclose risks of . . . government! (Can we use the extra space on the back?)
Andrew Redleaf is the founder and CEO of Whitebox Advisors. Celebrated by the New York Times and others for predicting the mortgage crisis long before it happened, Redleaf’s monthly client letter is avidly read and quoted not only on “the Street” but also in the financial press.
Richard Vigilante is the communications director of Whitebox Advisors and also the publisher of Richard Vigilante Books. He has served as editorial director of Regnery Publishing and as an editor of National Review.
Tags: Andrew Redleaf, Bernanke, capitalism, Congress, economy, Hedge Funds, Mortgage Crisis, redleaf, Regulation, Richard Vigilante, Whitebox, WSJ
