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[Stock Lobster]

Amazing, eh? One day of 'conciliation', and then the next day, he comes out blazing with all guns. Seems like a knee-jerk reaction fueled by his own wounded ego and pride. Apparently he didn't run this schlerotic plan by Volcker by his own people, or allies in the UK.

I guess he's The Decider...now who does that remind me of?

However, how is he going to explain to the country that he's just triggered a new major stock market crash? What a great campaign slogan for 2010!

Don't get me started either. Notice that Europe is NOT going to follow his plan....they're overjoyed he's just given their banks a big competitive advantage.

For us, personally, it means any future jobs will be either in US hedge funds unaffected by this crap (providing they don't go after them either), or overseas in Singapore or Hong Kong. Good thing I was already prepared to move overseas...

btw, Ash got interest from 2 MS prop trading desks last year, and I vetoed those, thank gawd. It's sad when you can't be optimistic or have faith things will 'just work out', because the odds are (in our business at least) they won't.

...sigh