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  • Wall Street Breakfast: Must-Know News [View article]
    So, who would invest in CitiBank as junior partners to Barack? Some case can be made for banks like Wells Fargo, but whatever logic can there be to the government's plan to match private funds - what private funds? The folks who invested with Bernie and Stanford must be broke or smarter by now.
    Feb 27 13:38 pm |Rating: +1 -3 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    GM so much reminds me of IBM and AT&T in the 70s and early 80s. Fat cats overcharging for a reputation that was long past its legitimacy. To Bob Lutz and the management team it is about the ability to manage the politics of Washington - not about making and selling value to consumers.
    Jan 15 01:10 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Not to worry about the auto industry business plan. It will be submitted for approval to Barney Frank and Chris Dodd - the price that we pay for this happening in the twilight of one discredited administration and before the new one chooses to get involved.
    Actually, Obama's reaction to the past three months' crisis is interesting. What is needed is a joint statement with the White House that this is the nature of the problem; this is the nature of the solution; during the current administration X will be done; with the new administration, Y will be done. But that is about governing, he is a campaigner, and the worse things get, the more he can blame it on Bush. When a corporation hires a new CEO, he (she?) piles all that he can on the past P&L so that his comparables are easier. Same here.
    Nov 21 13:55 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Today feels like New Year's Eve - waiting to turn the page. The politics will thankfully calm down (along with pledges/pleas to save this industry or that), but I am afraid that we will wake up to find that we still have the hangover from decades of excessive debt and risk. The risk is being taken care of, but not the debt.
    Nov 04 11:26 am |Rating: 0 0 |Link to Comment
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