Sunday, March 08, 2009

Will lawmakers be interested in any fiscal stimulus for the Wall Street industry?
Well, yes mistakes have been made, concentration has proved to be helpless and may even be part of the problem but rebuilding a backbone (401ks did a very good job for a long time but won't work now) would be good for the industry, saving existing jobs and companies and if properly calibered should lead to grow the industry developing new range of products designed to help the investors whatever their size to face the new challenges and to create new smaller players and jobs. On the way, any guess of a better future for the industry with an anticipated positive flow for years to come(such as 10 years plan) won't send back the Dow to 14000 overnight as we will still have troubled markets for a while but it should stabilise and then improve troubled exisiting 401ks of a generation that had planned to retire and were forced to postpone. Both, any better for these 401ks in a reasonable amount of time and market stabilisation with the anticipation of a positive flow for years should interest lawmakers.

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