Greedywhenfearful

A Rough Day at the Office for Tim Geithner

These hearings are a joke. To say one individual (Tim) had the ability to change or control an outcome is ludicrous. The root problem has many to blame Including Dems and Republicans so looking at these congressman point the finger at Tim and President Obama is absurd. When the American people (UK, Spain and on and on) fuel an economy on borrowed money it is only a matter of time before the house of cards collapses. Everyone is to blame. The solution is not simple but certainly we will need to see: painful deleveraging by the consumer (very slow economic recovery) and stricter regulation by the regulators on financial institutions (we should never have to see a Bear or Lehman situation ever again) . All these hearings are sadly enough posturing for the next election (We promise to only break our promises once we get elected)

GE: Not-So-Good Things Come to Light

In 5 years from now, GE wil be recording record profits. No shortage of leading Industrial or Infrastruture prodcuts they will be selling the world. To extrapolate the current environment and assume business conditions don't improve 3 o 5 years form now is nonsense. At this level GE is a tremendous investment opportunity and represents ownership in a diversified slice of corporate America. Your place as a spectator on the sidelines is appropriate. The players deserve to reap all the rewards.