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  • Wall Street Breakfast: Must-Know News [View article]
    Excellent Wall Street Breakfast this morning, Suzanne. A couple of comments:

    "House Speaker Nancy Pelosi suggested recycling leftover funds from the $700B TARP fund to create jobs and boost some salaries." Why boost salaries, as we now live in a world of no inflation and 0% increases for Social Security?

    "Interim GM Chairman Ed Whitacre will announce new responsibilities for Vice Chairman Bob Lutz as part of an overhaul of the management team this morning, sources say. Whitacre is building a team to run the company until a replacement is hired, in a push to make GM more nimble and to hold employees accountable." Wonder if any of the employees who will be held accountable are UAW members. And, aren't employees already accountable for what they do?
    Dec 04 09:55 am |Rating: +4 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Interesting that democrat presidents frequently acknowledge their party's lack of expertise/credibility in the critical areas of finance and defense by nominating republicans to Fed chair and Sec of Defense (Will NBC or MSNBC acknowledge, or even mention, these points?). Wonder how quickly Harry Reid will push the Bernanke re-nomination through the senate. He couldn't get the AA queen (Satamayor) nomination through quickly enough or with little enough discussion; likewise with the "stimulus" package and health care reform. In Bernanke's case, I suspect Harry will likely think the entire Bush-era crisis will require a thorough re-look, with the real purpose being to highlight perceived Bush-era failures while turning a blind eye to any democrat complicity (bet Harry does not highlight the point that the democrats controlled congress from 2006-08) . Politics and hypocrisy are equivalent terms. Nov 2010 (and Nov 2012) cannot come quickly enough.
    Aug 25 10:44 am |Rating: +3 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Robert B Ferguson, you covered a lot very well. Now that the Obama administration has trampled on contract and bankruptcy laws (and introduced a new risk that must now be quantified), I would add, it will be interesting to see what interest rate potential new "secured" bond investors will demand of the new government and UAW owned GM/Chrysler/Ford.
    May 28 09:38 am |Rating: +9 0 |Link to Comment
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