The Maestro, whom some consider the source of our present credit woes, along with George Shultz (Nixon Treasury Secretary and Regan Secretary of State) and Robert Hall (didn’t he make Wink Martindale’s suits? ) sent a joint plea to Congress enact immediate and extensive action to bailout the banks. That should seal the deal…
Also crossing the wires is word that troubled Dutch-Belgian bank Fortis has replaced its CEO. Apparently this is the third CEO since July.