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  • Wall Street Breakfast: Must-Know News [View article]
    Yes, the consumer is going bankrupt, unable to afford his mortgage and struggling to find a job, whilst the fat cats on Wall Street and in the financial and banking sector pay themselves ever increasing amounts for providing the conditions that enable them to reap big benefits whilst everyone else pays the price.

    It's long past time for society to realize that happiness is not dollar shaped, and that all people matter, not just the rich and powerful: when politicians and others with influence actually work on this premise, then perhaps we may get a capitalist society that also cares.
    Nov 05 08:55 am |Rating: +6 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Not much on the financials front so far today, and what there is is not that good, as we would expect. Even HSBC, whilst boasting higher profits than the same period last year, has to make a bigger provision against bad debts, whilst AIG and UBS still have big problems.

    Until real numbers and facts are known about the banks, insurers, investment houses and other financial, we can't really start on the long road to recovery.
    May 11 08:44 am |Rating: +3 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Jim, you're right. Our great leaders don't know what to do so keep throwing our tax dollars at their cronies in charge of banks, motor companies and any other business that has wrecked itself through corporate excesses and has a big enough begging bowl to take the cash that Washington will cram into it.

    UBS is increasing pay to make up for lost bonuses, RBS (in the UK) is paying its last leader nearly a £1m per year pension at age 50 because he wrecked the bank and can't get another job! Whatever happened to cutting ones suit according to ones cloth? If our leaders can't manage money properly, what hope do we have?
    Mar 02 09:42 am |Rating: +10 0 |Link to Comment
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