Tufar on Finance and Economy

And we all listen

http://www.cnbc.com/id/15840232?video=1409180836&play=1

http://www.cnbc.com/id/15840232?video=1409251751&play=1

Nice to know that Warren the same way as me that Ken Lewis in fact saved U.S. and world economy by buying Merrill Lynch. He has been much demonized for this. He is one of the true heroes of this crisis. For the record, others are Paulson, Bernanke, George W. Bush, and many many others.

Also, nice quote from Bush:

“If money isn’t loosened up, this sucker could go down,” President Bush declared Thursday as he watched the $700 billion bailout package fall apart before his eyes, according to one person in the room.

I doubt that Obama has same degree of understanding of economy as Bush did. What he did to the economy and markets after Massachusetts failure is unspeakable.

European Union woke up and realized that speculative attack on Greek government debt was very akin to speculative attacks on US Banks in 2008. It is rumored that Germany and France are to provide loan guarantees to Greek debt. I applaud them, this is the right thing to do. They just broke the vicious combo that would have spiraled down into a full-blown crisis of Euro currency and maybe even the whole European Union or at least it’s southern part. Somebody in recent days said that Greece is “too small to fail”. Right on.