Many Line Up for Cash, But Bailout Plan Falters
Source: New York Times - November 14, 2008
November 2008
Maxwell Bublitz, Chief Strategist of SCM Advisors, was quoted in an article by Michael J. De La Merced analyzing why the government's rescue plan isn't working as quickly as had hoped.
Quoted from the New York Times:
...with a recession, perhaps a long one, now at hand, and uncertainty swirling around the course of further government bailouts, wild swings have become the new normal...
"What hasn't improved is the psychology," said Max Bublitz, chief strategist at SCM Advisors, an investment firm based in San Francisco. "This thing has morphed from a credit market issue into a banking crisis into an economic crisis."
nytimes.com