Now this guy is so clueless he didn't realize that when the head of the *Banking* Committee talks about nationalizing banks (and wiping out their equity) it could create a reaction in the stock market.
Dodd said his statement Friday "should have been better thought-out at the time. I didn’t realize it was going to have the reaction it did," according to Bloomberg News.
And just so everyone knows where he really stands on nationalization, he said: "I think banks run by private hands are far more desirable."
I think we should just let him quietly retire or maybe move him to another Committee that doesn't torpedo the 401Ks of millions of people.
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