A PERSONAL JOURNAL, KEPT LARGELY TO RECORD REFERENCES TO WRITINGS, MUSIC, POLITICS, ECONOMICS, WORLD HAPPENINGS, PLAYS, FILMS, PAINTINGS, OBJECTS, BUILDINGS, SPORTING EVENTS, FOODS, WINES, PLACES AND/OR PEOPLE.
Enjoyed both pieces. The exhibit at the Met I probably will not get to see as I don't get to NYC that often. I enjoyed your commentary very much. I did manage to see the painting you described in my copy of ARTnews. A beautifully done painting though shocking perhaps even by today's standards.
Your piece on the Fed and the activities this past week are also nicely written. You undoubtedly have an excellent grasp of the subject. My only comment is that the failure of the rating agencies has occurred before, and unless something is changed will happen again. I was selling municipal bonds when Abe Beam (sp.) the Director of Finance for NYC bullied Moody's into giving NYC back their A rating in the early 1970's. When NYC defaulted in the mid-70s, no one that was connected with the muni market was surprised. You are absolutely right about new regulations are needed to deal with the investment banks that now act like banks, but without the oversight. No doubt a political battle is at hand there.
And finally, I hope I can find your blog again. Would you be so kind as to visit my blog and just leave a word so I can easily come back to your blog in the future. I would appreciate that.
1 comment:
Enjoyed both pieces. The exhibit at the Met I probably will not get to see as I don't get to NYC that often. I enjoyed your commentary very much. I did manage to see the painting you described in my copy of ARTnews. A beautifully done painting though shocking perhaps even by today's standards.
Your piece on the Fed and the activities this past week are also nicely written. You undoubtedly have an excellent grasp of the subject. My only comment is that the failure of the rating agencies has occurred before, and unless something is changed will happen again. I was selling municipal bonds when Abe Beam (sp.) the Director of Finance for NYC bullied Moody's into giving NYC back their A rating in the early 1970's. When NYC defaulted in the mid-70s, no one that was connected with the muni market was surprised. You are absolutely right about new regulations are needed to deal with the investment banks that now act like banks, but without the oversight. No doubt a political battle is at hand there.
And finally, I hope I can find your blog again. Would you be so kind as to visit my blog and just leave a word so I can easily come back to your blog in the future. I would appreciate that.
Fred
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