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What's Good for Citi - And What's Good for America

Everyone screwed up. The blame cannot be put on one party. Also, the political/social upheaval has already started in European countries.


What's Good for America is investing in stocks that actually work. Check out the front page story of this site www.investorpitstop.co...

Year-End Buyouts: Big Challenges for the Big Banks

Both of these companies are going to have a very rough next few years. Keeping an over-sized merger together, not to mention profitable, in these harsh economic times is going to be a struggle.

I really don't picture Thain becoming CEO of the new B of A. He needs to either retire or go to a different financial company to find an executive position because people think of him and Merrill falling as synonymous. It would not bode well for Bank of America.

What Do We Need In 2009? More Failure

These are broken companies! Broken companies should not be put on life support. I agree that failure causes one to take another path. The failure of businesses is a process of evolution; we have to go through it in order to see a better economy for America.

Propping up dead companies did not bode well for Japan when they attempted, what makes people think this is going to be different. I don't want to have a 10-15 year recession, do you?

Also, unions are part of what is killing our labor force and sending jobs overseas. It's not so much shame on those companies moving jobs overseas; it's the fact that they have to find cheaper labor to stay competitive. Unions are outdated (think about why they were created in the first place), and they destroy the companies that boost our economy. THIS IS CAPITALISM! Go to another country if you don't like it.

Who Is Now Number One in the Banking Industry?

You can't simply blame the Presidents and Execs of these fallen companies. Many of them didn't know or understand the investments their subordinates had taken on.

The complexity of these assets are so deep that they can't even put a value on the securities, nor do they know what all the security represents.

Complexity makes companies easier to fail, the vast webs they create can be at the expense of their own demise.