is there anyone that could have been chosen that has no conflict of interest? you have to chose someone with experience. perhaps only getting someone from another country, but then im sure there would be a lot of issues with that too.
He headed Goldan so he's going to have more contacts there. Goldman is one of the few large investment banks to not go under so I give them an bonus on that. Anyone with the knowledge and experience to handle this thing is going to be involved with one of the large banking houses.
I thought you were against it(bailout)? Goldman owns AIG or a part of it, they own alot of these derivatives and risky investment vehicles as well. It has hit them pretty hard in their earnings report, but it is to be seen how hard it will hit them. They havent gone under at this moment, but this situation hasn't ended.
Right Said Fred is in charge of the bailout? http://images.google.com/imgres?img...ev=/images?q=right+said+fred&gbv=2&hl=en&sa=G
Look at the history of the market. It will come back. Nine of the last ten times it lost more than 10% of its value it was back in less than 2 years. Stop worrying my friend.
It seems you only have to really worry right when you're about to retire; otherwise, just chill. By a similar token, I don't even want to know how bad one of the college funds for my daughters must look, but I'm sure it'll rebound (it took a terrible hit the first year we had the fund, in '02, then made up for lost time.)
