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December 4, 2008

Tom Evslin, A Voice of Reason in the Financial Wilderness

Tom Evslin

Many people in my circle of acquaintances seem to have been brainwashed by the Financial Establishment into believing that should big banks fail the world will come to an end. Of course, this is what the Financial Establishment would like you to believe and the Congress has taken the bait hook, line and sinker, adding their own parcel of pork to the measures designed to save the failures with taxpayer money.

Today I discovered a voice of reason in the financial wilderness. Here are the links to three well reasoned articles by Tom Evslin at his most excellent blog, Fractals of Change, about the current financial mess and what to do or not to do about it:

Lesson for Next Time: Small is Beautiful
Time for the Citi to Sleep
No Thanks, Mr. Paulson, We're Repairing Our Balance Sheets

Denny Schlesinger


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