about this blog
- Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company.
He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."
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Don
This an abomination of capitalism. It's like letting the mugger who just stabbed you operate on you to fix the wounds. Do you really trust the guy to fix the problem? I predict that someone will propose global agency to govern global financial systems rules and regulations. Everyone should be very wary of this. It would end American capitalism as we know it.
Ralph Harrison
Let's hope for a tie in the Electoral College on November 4. This will force a vote by the House for a new President. With a turnover of great magnitude in the House entirely posssible, possibly a real president might emerge. Might I suggest Ron Paul.
The J
Cody, what are you talking about? The Stimulus worked great (I got a new plasma TV) and the bailout has already worked beyond my wildest dreams. Now I dont even have to worry about losing my now state owned housing. Things keep going this way and we keep going with these types of policies it wont be long until I can quit my job and just live off your salary. Keep up the hard work, that benz I want to buy with your money aint cheap.
6ftrabbit
Geez, Cody. Take a pill, lay off the caffeine, roll some smoke, have some 15 year old sourmash, chill out. It's not quite the end of the world (yet). Hell, if you are that depressed, I'll even let you park a mobile on my land in exchange for some help around the farm. :) ;) Nothing like scrabbling around in the dirt, or bagging a deer for the freezer, to improve your mood. Let the big city stew in it's own juices. Country folk can survive. :)
Frank Cardinali
My we ARE just a bit angry, aren't we.. you are very right though, and I filled out my early voter ballot yesterday, and did not vote for anyone that voted for this bill.I will say that some of the people you work with are just as bad as the gov't, with people like Casone telling us we don't understand the thing and should be for it whether we like it or not.Some of us DO understand, but want to do the RIGHT thing, even if it hurts, because RIGHT is better than RICH if its the only choice.
Mitchell
I see a market renaissance in some regards from this travesty of a movement from quasi-free-market capitalism towards socialism. Why would companies expose themselves to such volatility at the behest of government punctured markets? I work for a privately held company, and I know of other privately held companies that aren’t worried about this market turmoil, because they have less regulation and can thus avoid the ebbs and flows of the economy. They are not beholden to shareholders and the SEC, but to their bottom line, if they make money, it is filtered on down. Companies like Koch Industries, Cargill, Peter Kiewit Sons, Bechtel, etc. I know for a fact that my hometown bank, which is privately held, does not have credit issues, as they did not give out loans to those that weren’t creditworthy, they had no push to create exotic instruments to increase their stock value on a publicly traded market. They made money by making good loans to good people. Privately held corporations are going to be the winners in all of this and the pendulum may start swing back that way….that is until the government tries to figure out a way to screw them up, too. Free-market capitalism is the backbone of the world economy. Vote the socialists out.