Friday, August 17, 2007

On Wall Street

So the Fed cut the rate and the markets are rallying. One of the first rules of government welfare and such is that when it helps the well-off it's not a problem. We shall see how all this affects the people whose mortgages are defaulting.

The embroidery is my view of Wall Street. Or of human follies. You can click on it to see the pencil markings and scruffy stitches.