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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]
    "GMAC Financial Services and the Treasury are reportedly in advanced talks to prop up the auto-lender with its third helping of taxpayer money, making it the first of the stress-tested banks to need additional government capital. ....... The government's willingness to deepen taxpayer exposure to GMAC reflects the troubled lender's importance to the revival of the auto industry."

    Call me a skeptic, but the gov't's willingness to throw good money (to GMAC) after bad reflects the importance of the unions to the democrats and the brazenly unethical qualities of the Obama administration.
    Oct 28 09:58 am |Rating: +7 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Embattled Bank of America (BAC) CEO Ken Lewis, already facing a slew of woes, now must forfeit his entire bonus and salary for 2009." Neither the Breakfast summary nor the linked to article justifies this; however, I will assume that it is based on performance. If a nefarious czar can force a man as powerful and influential as Ken Lewis to agree to no pay for a year of work due to poor performance, Congress people better watch out.
    Oct 16 10:15 am |Rating: +2 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I totally agree with bobbobwhite on Geithner. Paraphrasing Jay Leno, Geithner is either a tax cheater or he is incompetent in handling his own taxes. There has to be a better person for the job.
    Jan 23 10:34 am |Rating: +6 0 |Link to Comment
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