What would I like for Christmas? The recognition of toxic assets, balance sheet transparency and a central clearing house for all things financial. Let's toss everything on the table, figure out who owns what, who wants what, and what must be written down to clear the mechanism once and for all. Until that happens, we're gonna be stuck somewhere between Hot Potato and Musical Chairs, and that's no way to go through life, son.

-Todd Harrison @ Minyanville

Doug Hendee, CFP(R)

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