The Business at Hand

The insomniacs in Washington received letters this morning from the heads of every major bank in the country, imploring them to stop the politicking and finish the business at hand... While I don't know whether they plead for a deal that deals real reform or simply a raising of the debt ceiling, I'd bet, in spirit, these genius overseers of once MBS (mortgage backed securities)-ridden balance sheets begged for the latter...

Of course Wall Street simply wants to get on with its business at hand - and get out from under this dark debt ceiling cloud... And I suspect you, like me, would like the same... And therein lies our fundamental problem... No one likes pain...

The good news is, Tea Partiers notwithstanding, they'll increase the debt ceiling...

The bad news is, they'll increase the debt ceiling...

The good news is, you and I, as we look to the future, will not need to measurably adjust to anything resulting from all the present politicking...

The bad news is, you and I, as we look to the future, will not need to measurably adjust to anything resulting from all the present politicking...

Now in all honesty, it's easy to sit here and carp about the fact that we're about to, for the hundredth-plus time, as a country, increase our credit limit so we can pay on what we've already borrowed, when I know it's absolutely going to happen. The fact of the matter is, you and I will be scared crapless if they don't do it...

I confess, with bated breath, I await the news conference where our heavily caffeinated leaders step to the podium and announce that, with great courage, compromise and all-out herculean effort, they've struck a deal... When I can get back to my business at hand and determine how our clients will exploit the opportunities that will surely arise from the blood, sweat, tears, favors, bribes and kickbacks our policymakers endured to do what's best for themselves...

My cynicism aside, I am optimistic that there will be change for the good... For I suspect that voter disdain for the political process is at an all-time (modern history) high....

Stay tuned...