nym

Why Corporate Short-Termism Won't End Anytime Soon

After making that comment, a blog led me to www.nytimes.com/2009/0..., which documents GMAC sitting on mortgage modifications and collecting service fees. About a quarter of my net worth is in an insured account at Ally, which is what GMAC is calling itself these days. I am ashamed, but I blame our government, which has been captured by these guys. We have the best government money can buy, and has.

Why Corporate Short-Termism Won't End Anytime Soon

"Put yourself in the shoes of a CEO." Quite right. Let's say you head a large bank. Your assets exceed your liabilities. The government tells you the world's economy will fall apart if you go bankrupt. You trudge on toward retirement, keeping the employees working. If fools prop up your worthless stock, that's their problem. The oligarchy are wearing no clothes.

Furthering the Discussion on Bank Nationalization

I find absurd the notion of the taxpayers guarantying stockholder equity just because the bank followed the regulations. When you invest, due dilligence is your responsibility, otherwise, where would the guaranties end?

Credit Card Crunch

"WHERE IS THE MONEY?" This is a limitation of forums, where information does not accumulate. SA needs a wiki, where those most interested in a particular facet can discuss it to death and post a consensus for others to access.

Rubin's Teflon Finally Wears Off

The new federal administration should consider themselves warned about this clown.

Citi: Will the Bailout Be Enough?

Pandit's devious performance on Charlie Rose yesterday convinced me that he should be sacked for the good of the nation.

Ugly

In Sunnyvale, Lockheed is called the Lazy-L Ranch. DoD's contracts will do that. I hope the new administration will put an end to big weapons contracts sold by fear-mongering.