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  • Charlie Munger Wants Banks' Wings Clipped [View article]
    Stephen Yu and prudentinvestor -

    I am wary of Obama's seemingly obsession to "keeping face" in dealing with the Big Banks, GM, and Chrysler LLC. So far he has demonstrated that he has fallen into the same old trap of thinking that his party accused of the Bush administration - and that is being ideologically assertive.

    Unfortunately, he will soon find out that he is behind the curve, and by then it will be too late.

    On May 03 09:15 AM prudentinvestor wrote:

    > " .... I guess you have to admire his honesty but then you also have
    > to ask why in the world they invested the kind of money they have
    > recently in an industry they think should be downsized and restructured....
    > "
    >
    > Perhaps because he understands that what he thinks should happen
    > for the general good, and what is most likely to actually happen
    > are not the same.
    May 03 15:42 pm |Rating: +1 -1 |Link to Comment
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