bobbobwhite

Wall Street Breakfast: Must-Know News

Now the gov't is giving more taxpayer money to downtrodden BAC to complete its acquistion of downtrodden Merrill. What's next? Floral arrangements, dry cleaning, pet sitting? First, the gov't got approval for the money under false pretenses, now it's spending it just like BAC would have done if it had its own money to do it. I ask you, what's in it for the bagholders, oops, the taxpayers? Anyone see any improvement in anything, anywhere?


Also, it's clear that Apple is giving out details of Jobs health in dribs and drabs so as to not upset the stock price any more than it already is. Any lawsuit over that lack of full disclosure will not cost as much as Apple announcing immediately that, "yes, Steve's cancer has returned and this is the end", with the stock then taking another $50 hit.

Bartz will set Yahoo up for sale, all or part. Yang arrogantly threw monkey wrenches in that process everywhere he looked, so he had to go for Yahoo to get something done to save what may be left. Bartz is strict no nonsense, and will get it done to shareholder's approval.

Wall Street Breakfast: Must-Know News

Lewis banker of the year for 2008? That would surely come from giving customers the right change, as nothing else was done right.

"How do we make money giving change? Volume."


On Jan 15 07:49 AM Herbert Hoover wrote:

> Hey man, Relax. Ken Lewis was Banker of the Year, remember? LOL
>