credit-crisis-needs-a-churchill

Credit crisis needs a Churchill

A bulldog spirit is required, says Hong Kong hedge fund manager Paul Sheehan, who puts forward a proposal for addressing the credit crisis.
Paul Sheehan is CEO of Hong Kong hedge fund Thaddeus Capital He arrived in the alternatives world with a unique background, having in the past worked as a bank examiner at the Federal Reserve in the US, followed by stints as a bank equity analyst at the ill-fated firms Bear Stearns and Lehman Brothers

Here he presents his manifesto for resolution of the credit crisis

Letter to America: Action this day

Winston Churchill, upon assuming office as British Prime Minister at the beginning of World War II, would prod a slow-moving government corpus with demands for ôAction This Dayö, the order that was attached to his most urgent missives

Observing the collective market reaction to the...
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