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  • Wall Street Breakfast: Must-Know News [View article]
    "In a speech Tuesday, President Obama is expected to talk about using leftover TARP funds for job creation, although he may hit resistance from Republicans who want to use such funds for deficit reduction."

    Obama may also hit resistance when he goes back and reads the TARP legislation, which does not allow for using TARP funds in the manner he desires. Of course, the rule of law did not slow him down during the Chrysler and GM bankruptcy proceeding, did it?
    Dec 07 09:33 am |Rating: +8 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Government Motors getting out of debt:

    "A potential catch: the carmaker plans to use other money from the government to repay the borrowing."

    This is exactly how the US government pays off bonds; sell new bonds to pay off the old. I am sure Mr Ponzi is rolling over in his grave and Mr Madoff is wondering "Why am I in jail?"
    Nov 16 09:49 am |Rating: +8 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    From above: "Barron's magazine's Andrew Bary urged Ben Bernanke to hike interest rates to a "more normal" 2%, or risk fostering another financial bubble. Barron's says with the economy recovering, the dollar falling, and commodities on the rise, keeping rates near zero will only fuel speculation and anger America's economic partners and foreign creditors - and potentially stoke inflation. Bary worries the Fed is failing to distinguish between normal accommodative monetary policy and crisis accommodative policy."

    Couldn't agree more with the Barron's comments. However, Bernanke is an expert on the Great Depression and one of the lessons learned from the GD (rightly or wrongly) is that money was tightened too soon (i.e., interest rates were raised to soon); I think, based on the GD lesson learned and Fed comments, that the Fed will err on the side of easy money for too long. Also, raising interest rates will be detrimental to the gov't's borrowing; a serious conflict of interest. Also, if easy money produces inflation (an almost certainty), so much the better for the gov't; a huge tax increase without having to vote on it and repayment of debt with cheaper and more readily available (if/when jobs increase) money.
    Oct 19 10:08 am |Rating: +4 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    It took Detroit and the UAW 40 years to do it, but they have finally convinced me that they cannot build a competitive world-class car. Congratulations.
    Sep 09 10:29 am |Rating: +5 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Looks like neither the Obama-Pelosi cap-and-trade (tax) and health care reforms (more taxes) are going to pass in their present forms. Those are two real green-shoots.
    Jul 21 09:12 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I concur with Axelrod's comment. Also, I like being able to go to a list of all articles, chronological order, most recent first. Finally, it would be nice if the articles included a time stamp as well as a date stamp. Keep up the good work SA.
    Jul 08 09:36 am |Rating: +4 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Our politicians want to disregard contract law, the foundation of a capitalist system, in order to get back a few million dollars from AIG people while at the same time spending billions of dollars in earmarks and pork in the recently passed and signed into law funding bill. What hypocrisy! Was this what the founders had in mind when they guaranteed the right to bear arms? I predict the tea party movement will gain momentum.
    Mar 18 10:43 am |Rating: +8 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    As an income oriented investor, I will take a chance on C when it hits $1.00 per share; that price, with a $0.01 per quarter dividend, produces a 4% yield.
    Jan 21 09:41 am |Rating: +3 -1 |Link to Comment
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