Brad Ferris

What Do We Need In 2009? More Failure

You learn from failure and systemic risks aside I believe bad companies (unsustainable business models) should be allowed/encouraged to fail. What's the point of putting up more money for them to carryon with the promise of future success when we all know that's not possible?

How Did Citigroup End Up in Crisis?

- Bad Management
- Bad balance sheet
- Bad risk assessment
- Bad timing

Clear the board, put in a new CEO and sell off anything that's non-core on this gigantic beast of a bank. Their derivative & mortgage portfolio will likely turn out to be a bull in a china shop & unless the government has an endless supply of crazy glue there will be a lot of broken dishes yet to come.

Dow 'Dirty Dozen' Offers High Yields and Good Value

PFE & GE would be my top picks from that group. I would not count on GM being a "yield" investment for quite some time due in part to the risks they face on many fronts. Chronic mismanagement vs. yield? I'll avoid that stocks as a value trap despite the upside many analysts and investors continue to see in that company