I’m so looking forward to reading Secretary Paulson’s 212-page regulatory proposal. I just hope he’ll explain that stuff I kept reading in the papers last week about how investment banks aren’t regulated, because I have this weird recollection of being a lawyer on Wall Street for 15 years and reading countless volumes of boring and sometimes pointless regulations. And if you don’t believe me, there are some securities lawyers’ weekend houses in the Hamptons I can show you. (Nothing like investment bankers' weekend houses, of course, but pretty OK.)
So I’ll be reading away, my dog and several bags of salt and vinegar potato chips at my side, and will drop back in as soon as I regain consciousness.
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