Greenberg appeared on Charlie Rose looking like somebody's rosy-cheeked grandfather, and Charlie Rose "confessed" they were friends. What followed was a joke of an interview where Greenberg said that he could "help" AIG but AIG "didn't like him anymore," or words to that effect. Sometimes in this business you get the feeling that the entire financial world is rotten, and everyone in it is a crook. Not Charlie Rose, of course, nor rosy-cheeked Greenberg, but maybe everyone else. Due diligence may not be enough. Abstinence.
Life on the Sell Block - Cramer's Mad Money (10/16/08) [View article]
Clean Energy has fallen more than 50% and Pickens himself has been roundly criticized for attempting to profit off of Proposiiton 10 in California, which he supported, funded with his own money apparently, and expected, if passed, to reap a huge windfall from. Cramer, bless his soul, missed all of this. Blind leading the blind. Take nothing for granted in this business. Question everyone, expecially "tycoons" such as Pickens and "analysts" such as Cramer.
Cramer Hammers AIG Founder Hank Greenberg [View article]
Life on the Sell Block - Cramer's Mad Money (10/16/08) [View article]
Attention Locusts: The Party Is Moving to Merrill and AIG [View article]