I've decided not to blabber on with the obvious. The Leader met today with leaders from both parties to discuss the "plan" of the Gang of Six which from what I see is a very broad outline at best. As stated yesterday there would have to be some sort of an interim solution before this thing or The Son of Thing gets passed during which time there would have to be some pretty solid guarantees that all parties would work towards a solution in good faith...however the heck one gets that. The Leader did say, however, that he would accept an interim deal...whatever that means. You might get the impression that I'm still a bit of a sceptic at this stage...why would you get that? Anyway, I know nothing more and I will say no more until I do.
As for the Euros, what is being bandied about concerning Greece is an exchange offer, coupled with a write-down, mixed with a new tax on Euro banks to pay for it all. All of this is to discussed over lunch in Brussels tomorrow. Now Brussels may be the ugliest capital city in Europe with the worst weather but the Belgians cook like the French wish they could. If it's a real Belgian lunch everone will be heading for a nap within two hours and may be heading in that direction anyway even if the fare is a hot dog and Kraut (very good by the way). Again, I'm just going to wait.
Finally, in a Journal op ed piece this morning, The Suit touted Dodd/Frank as a game changer and a world saver. He also said, "All financial crises are caused by too much leverage..." proving once and for all that the The Suit's real name is Idiot; or maybe that's his first name. The Idiot Suit? Fits.
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