Vegasjoe

Greenlight Puts Red Light on Financials - Fast Money Recap (5/23/08)

Jakel sounds a little too emotional to be spewing in a blog like this; perhaps he is long LEH and and has under water options? Take it to senior management, Jakel: they created this mirage in the desert!

Financials and Retail: Not as Dire as They Seem

This credit binge and deleveraging just goes to show that CEOs and other senior management at these institutions are grossly overpaid, never had an original idea, and rationalize the meltdown of their own stock as "everyone else was doing it, therefore, it must have been ok!" But then, when fired, the gutless Board's give them hundreds of millions for long and loyal service! Go figure! Who doI send my resume to at C, MER, WM, etc.....Commerical real estate is next! Goodbye regional bank CEOs.