philipmax

The New Bull Market Fallacy

Superb article. Too long for one topic could have been split into four articles. Very comprehensive coverage.

Where Will GE's Jeff Immelt Be at 2 PM Today?

get me a ticket too if they accept US $.


On Nov 21 09:08 AM chaliebrown wrote:

> what a joke.
>
> where can i turn in my US citizenshi to stop paying taxes to bailout
> the rich friends of King George and King Paul?
>
> no one cares about the public taxpayer anymore. The govt only wants
> the taxpayers money to bailout the rich bankers and CEO's.
>
> will canada take me?????

General Electric: Genuine Risk of Collapse?

Copperbaron you're dead-on right!
Hear Hear!!!
JW paid plenty to blow his own horn. Having instituted the 80/20 rule (80% of your income comes from 20% of your clients) is one of the dumbest business rule ever.


On Nov 17 10:12 PM copperbaron wrote:

> >>took over from icon Jack Welch in 2001<<
>
> Yeah, Immelt took over from Welch, who is wrongly credited as some
> sort of management guru.
>
> The truth is - GE amassed a HUGE amount of leverage under Jack Welch,
> almost like a hedge fund. Lots of risky loans and huge debts. But
> it was a big bull market, and it didn't blow up in his face.
>
> Now it is ready to blow up, and Immelt gets blamed??
>
> Puh-leeze! Jack Welch is perhaps the most overrated CEO in the history
> of American business. He is, without a doubt, one of THE most self-aggrandizing.
> The fact that this joker took about $1 BILLION of compensation out
> of GE is truly disgusting, and shows how very corrupt and distorted
> our business systems are here in the U.S. - from executive pay to
> a wildly distorted stock market that overvalued GE for the last twenty
> years, at least.

Going to Hell in a Handbasket: The Rush To Protect More Stocks

How gullible are we supposed to be. Henry Paulson is just camouflaging a huge cash infusion into CITIBANK the sick boy in the "In" group.

Last week Paulson arranged for CITI to buy up Wachovia Bank as a means to hide its massive losses (I judged to be in the 30-50 B this Qtr). It would have been a perfect media cover to explain this massive write-off as part of the takeover write-down no one would be the wiser about the rotten core of this bank.

In came Buffett.. er..Wells Fargo, and offered actual cash for Wachovia, all be it $6.00 a share and ruined Citi's party. What looked like a toddler's tantrum erupted and Paulson was smack in the middle of his two buddies squabbling over left-over cake..
What to do? What to do?
Ah Hah!!!
Start a new party and "force " everyone to partake of the cake thus hiding the deplorable state of Citi’s finances in the party's milieu. Today, Thursday the 16th , Citi came out with a 2+B loss which , it turns out was a 13+B loss, which would have been a 38B loss, had Paulson not doled out the candy.

What a bunch of hokum!! To insinuate that everyone HAD to partake in order not to stigmatize any one in the party. I really feel bad for JP Morgan to “Have to take $25B of taxpayers’ money after they already took $30B for Bear and $50B for WaMU both of which will yield JPM $200B over the next three years.

Well it’s MY money that Paulson threw at these cronies. How long are we to stand by while this LAME-DUCK crook fritters ours and our grandchildren’s future on himself and his well chosen cronies. All the same actors all the time. DISGUSTING