everything in moderation

happy new year. there’s a new reuter’s blog discussing whether people feel optomistic about 2009. i don’t. i’m really starting to divulge myself in the nitty gritty of the global financial crisis and i’m not looking forward to the next couple of months. i received a few good links from a friend and learned more about how the economy has been in the hands of black market derivatives exchangers and the officials who helped foster this period of hyper-trading and at the same time equated regulation with ‘wearing the same clothes you were as a boy’- phil gramm (equally a sexist comment). i am still holding to the overzealous-ibanking-fratbro theory since it is more than relevant to what is currently happening. there needs to be more transparent oversight as well as records of all transactions. further, there needs to be a variety of viewpoints in the offices of the SEC, treasury, and the fed. alternative viewpoints always need to be encouraged and every effort to avoid groupthink must be exhausted!