Just found this at the top of Talking Points Memo. Jim Cramer, cable tv’s excitable money man, says of bank nationalization:
We must take the debate out of the hands of the dreamer academics, and into the hands of practical business people, no matter how much we despise them for getting us into this fix in the first place.
The thought is kind of beautiful, in its way.
I’d like it better if John Bogle had said it.
Dreamer academics, “practical businesspeople,” and carnival barkers like Jim Cramer. Seems like we’re fucked no matter which road we go down.