Controversial Essex farmer predicts more economic gloom in NY Times

Salim “Sandy” Lewis is best known in the North Country for his on-going battle with the Adirondack Park Agency and NY’s Attorney General.

But his take on the economic crisis — co-authored with William Cohan — is dominating the blogosphere today with its prediction of more trouble ahead.

The headline: “The Economy Is Still At The Brink.”

Mr. Lewis was once viewed as one of the most gifted, if also troubled, investors on Wall Street. He was convicted on stock manipulation charges in the 80s, then pardoned by Bill Clinton.

Here’s the nut of their argument:

The storm is not over, not by a long shot. Huge structural flaws remain in the architecture of our financial system, and many of the fixes that the Obama administration has proposed will do little to address them and may make them worse.

Read more from the Times here; and read NCPR’s coverage of his legal wrangling with the APA here.

Tags: adirondacks