LillyM's Comments

30 Attractive Companies Under $30: Fidelity's Low Priced Stock Fund Part II

Mon, 08 Jun 2009 15:51:08 -0400

I purchased EIX on advice from my Schwab financial "expert" and it immediately started losing ground. It is now half what I paid and showing no signs of recovery. Don't go there!

UAW: It Should Be Giving Up More

Sun, 10 May 2009 19:34:46 -0400

The UAW once upon a time had a purpose. Now they live in a fairy tale world and won't come down to earth. They must understand how the carmakers need to be competitive and adjust their demands accordingly. But then ... that is a fairy tale, too.

A Bull Market That Few Are Buying

Sun, 10 May 2009 19:29:21 -0400

Let's hope these guys are out faster than they went in. The worst govt. since Carter presidency and that's saying something!

On May 10 06:22 AM Trading to Win wrote:

> Stages of Obama:
>
> 1. Obamarama- campaign and election.
>
> 2. Obamanomics - summers, geithner, stimulus and budget. A blend
> of Statism and Socialism.
>
> 3. Obamageddon - 2011?

The GM Bankruptcy Debate

Thu, 05 Mar 2009 11:31:11 -0500

You said it! I've been angry and frustrated over the $ into AIG and other Financials while the car makers are supposed to get on their knees and beg...where is the accountability from all the Financials? Why aren't they being asked to open books and do some explaining? I know the car makers are disorganized, probably just as corrupt and make a less than great product, but they don't deserve the back door treatment they've been getting compared to the other industries.

On Mar 04 10:36 AM Just another schmo wrote:

> I don't understand, we've poured BILLIONS into AIG which seems to
> keep coming back to the govt trough but everyone says no to bailing
> out the automakers. Talk about Main St vs Wall St.
> We bail out the bankers that have, through their buddies in Washington
> pushed to deregulate themselves so the could creat the subprime markets.
> Then when they get into trouble, (which no doubt has contributed
> to the automakers problems). We bail them out because the economy
> will fail, (we gotta keep the bankers with their million dollar bonuses,
> corporate jets, etc. working.) But were gonna let Joe sixpack lose
> his job, lose his home, etc. while we lose the last manufacturing
> base in this country.

Big Three Endure Public Flogging - Government Finally Gets it Right

Mon, 08 Dec 2008 11:34:38 -0500

I have no dog in this fight but I cannot understand why Congress has chosen to scapegoat the auto companies yet allowed the corrupt Financial crowd to have carte blanche with our money -- without interrogation and any oversight. At least the car companies can step in should any crisis occur as they did during WWII and supply our needs with expertise. This article was more balanced than most and more reasonable, but first and foremost our govt leaders need to remember that they work for us, not themselves, and the money is to go into our pockets, not theirs! If they were to place the same standards on their activities (and the country's budget) that they are requiring from the automakers, the U.S. would be in AAA shape. ... and how about firing themselves for inefficiency. corruption and stupidity, too?

Say No to the Auto Industry Beggars

Mon, 08 Dec 2008 11:23:53 -0500

This is detail perfect! Love it...I am so frustrated by the "leaders" who tell others how to run their business while disastrously running ours -- and forgetting that they work for us, not themselves. Their loans to Financial/Banks were done without the interrogations and oversight they now demand of the automakers who, unlike the Wall St. and Banking crowd, do fill an important need in the U.S. I have no dog in this fight, no personal connection to the car companies, but I am extremely angry at our Congressional leaders and everyone else who are calling for their downfall, essentially scapegoating the auto companies because Congress handled the Financials so sloppily and ignorantly with such poor results. At least the carmakers can step in should a crisis occur and do as they did during WWII. What could Wall St. do?!

Say No to the Auto Industry Beggars

Mon, 08 Dec 2008 11:15:09 -0500

This is detail perfect! Thanks for taking the time to spell out a reasonable approach. Yes, govt leaders are the issue here, the "bloated, inefficient and arrogant" who never remember that they work for us, not themselves.

On Dec 07 07:57 PM miken wrote:

> What is it about a "Wall Street" person that makes them think they
> are an expert at ANYTHING!!!! Wall Street and Congress have more
> to do with this mess than anybody at GM.
>
> Who is going to have hearings grilling the guilty congressmen that
> let Fannie Mae and Freddie Mac get out of control while taking campaign
> contributions and loans from the very criminals that they were protecting.
>
>
> If you want some interesting reading, search Wikipedia for Christopher
> Dodd and Richard Shelby and read their bio's. We have crooks running
> this country! And just about the time you begin to have a little
> bit of confidence again, Maxine Waters opens her mouth and you're
> back in the toilet again. These people have no clue what they're
> doing.
>
> If there's any good to come out of these kangaroo court hearings
> it's the exposure these morons are getting. I think Rick Wagoner
> ought to demand the resignation of the entire Senate Banking Committee.
>
>
> Here's what I would do if I were in charge:
>
> Recently in the news, the General Motors, Ford, and Chrysler CEO’s
> have been to Washington to testify regarding their request for Federal
> loans. During the course of these meetings, several suggestions
> have been put forward to help the automakers save money. It occurs
> to me that, with the U.S. government being $11 trillion in debt,
> they may also make good use of the helpful hints. For example:

>
> 1. Require the Senate Banking, Housing, and Urban Affairs Committee
> led by Senator Christopher Dodd (D-Connecticut) along with the House
> Financial Services Committee headed by Representative Barney Frank
> (D-Massachusetts) to prepare a plan that will eliminate the debt
> and present it to the American people by December 8, 2008. This
> plan will detail cost containment initiatives as well as revenue
> enhancement plans that will eliminate the debt. It should detail
> the plan at three different GNP levels and a sensitivity analysis
> at each level. Should they fail to produce a plan that accomplishes
> the above, they will immediately resign and be replaced by the entire
> cast of High School Musical 2.
>
> 2. All government housing will be eliminated including the White
> House and Number One Observatory Circle ( the Vice President’s residence)
> and replace them with foreclosed property made available by the collapse
> of Fannie Mae and Freddie Mac while under the watchful eyes of the
> committees led by Senator Dodd and Representative Frank.
>
> 3. Until the debt is eliminated, the following actions will be in
> place:
> a. Each congressional member in the House and Senate will receive
> $1 per year for their services. Each congressman would be allowed
> 1 administrative assistant, and if that congressman were re-elected,
> that administrative assistant would receive a $1 bonus.
> b. The very generous congressional retirement plans will be taken
> over by the PBGC and the payment levels be determined by the standard
> guidelines that are afforded to all Americans.
> c. All preferential parking at the Washington airports and government
> buildings will be eliminated.
> d. The generous health care plan available to congressional members
> will be replaced with a new PPO administered by Dr. Jack Kevorkian.
> Another option might be just to wait for the government sponsored
> health care plan proposed by President Elect Obama.
> e. The congressional dining rooms will be eliminated and replaced
> by food courts with Burger King, McDonald’s, Taco Bell, and especially
> for Senator Shelby (R-Alabama), the 15th Catfish Plus franchise.
>
>
> 4. All speechwriters would be eliminated to save cost, besides we
> want to hear what the actual congressional members want to say.

>
> 5. The U.S. governmental air travel fleet will be liquidated. This
> would include Air Force 1. Instead, all government travel (including
> international junkets) would be scheduled on either Southwest Airlines
> (excellent on time history) or Northwest Airlines (flies almost everywhere
> in the world). Any exceptions to the above would have to be approved
> by a unanimous vote of a committee comprised entirely of all unemployed
> domestic autoworkers.
>
> 6. The ground transportation fleet comprised of large SUV’s would
> be replaced by Chevrolet Aveos, Ford Fiestas, or Dodge Calibers.
> Running boards would be added for the brave men and women who serve
> in the Secret Service protection unit. If larger vehicles were actually
> needed, hybrid versions of the Chevrolet Tahoe and GMC Yukon will
> be permitted because of their exceptional city fuel economy (21 mpg).
> The third vehicles of choice would be Mini Coopers, Camry LE’s, and
> Accord LX’s since they get about the same city mileage as the GM
> hybrid SUV’s (honest, you can look it up).
>
> If these types of actions are good for a company with $50 billion
> in debt, why wouldn’t they be useful for the Federal government which
> has debt 220 times that amount?
>
>