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...
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