Thursday, September 10, 2009

Misplaced Priorities

Barry Ritholtz, Director of Equity Research at Fusion IQ and the man behind the blog The Big Picture, has some concerns over the Obama administration’s priorities. He feels they may have wasted a crisis by not reforming the financial system before trying to revolutionize health care. I think he’s right.

But…is there any doubt regarding why the health care choice was made? With financiers running government, there was little to no chance they were going to re-regulate their cronies. (Even in Obama’s change administration.)

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