joe nocera follows up on tom steyer’s appearance on charlie rose, changes his mind

March 27, 2009, 7:44 PM  

I’m Just a Cockeyed Optimist

“I was on Charlie Rose early in the week, in a panel with Mr. Krugman and my colleague Andrew Ross Sorkin.  We were a moderately glum group, I must say; though the market had gone up some 7 percent that day of the Treasury announcement, we shrugged that off as irrelevant (which it mostly was), and pronounced the plan just more of the same old, same old.  But then, after we got off the air, Mr. Rose brought on Tom Steyer from Farallon Capital and my friend Daniel Alpert of Westwood Capital, who were much more positive about its prospects for succeeding.

That got my attention.  So I decided, for my column this week, to dig a little deeper and find out why they were so optimistic, and whether their optimism was justified.  As it turns out — and somewhat to my surprise — I wound up agreeing with them.”

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One response to “joe nocera follows up on tom steyer’s appearance on charlie rose, changes his mind

  1. I saw Andrew Sorkin on Charlie Rose last night. I think he is weening himself off being a Wall St apologist as he too has come to realize the bankers’ folly (presumptuousness) in fighting attempts to regulate the industry so the crisis of 2008 doesn’t happen again. In case you are interested, I have just posted a piece based on his discussion.

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