Most of us are getting tired of the finger-pointing in Washington and the corridors of Wall St. over who is to blame for the economic mess we’re in. As expected – it’s almost getting too easy to win the “told you so game” anymore . . . the sabres are out. Forbes created a graphic to accompany their article if you want to see preview of the giant “cluster” that’s coming.
On a related note, you can read John Bogle’s column, On My Mind, to get the take from Vanguard’s founder on the “silver lining around Wall Street’s collapse”. Whew, is he talking about a lot of money – around $620 billion/year that it costs for the experts managing our money!