Rick S.

Wall Street Breakfast: Must-Know News

And if I'm not an American? Am I allowed to throw a word or two of another language into my remarks? You can't be much of an English speaker either, Sigler, if you are thrown by the expressions "Mazel tov" and "Shalom." One final point: Check the Bio of Eli Hoffman. You will discover he's Israeli.

Wall Street Breakfast: Must-Know News

Only in America can a group of "former executives" who drove their company into bankruptcy turn around a month later and borrow $2 billion to float a scheme patterned after the one that bankrupt their previous operation. And of course it won't be Black Rock itself that ponies up the $2 billion. They will borrow it from someone like Citi or Bank of America that will lend it to them no-questions-asked.

And five years from now the Federal Reserve will buy the toxic waste the new scheme generates, leaving the taxpayer to foot the bill. As I say, only in America.