Intel (NASDAQ:INTC) reported after hours earnings that were low but beat expectation. They sold the stock down 4% after that news so that may be the mood going forward.
Bloomberg’s Caroline Baum wrote a week or two ago that politicians should wear T-shirts with logos of those organizations that own or sponsor them. I thought about this when watching TV interviews from the Masters Golf Tournament. Players have a cap with their sponsor's logo prominently displayed. I don’t think any of these guys are allowed to make public appearances without these accoutrements. Politicians should be in the same position — even the president. Imagine a press conference where the president dons a GS cap. Get the visual?
There’s not much difference between this administration and the last. Previously Paulson, the former chairman of GS, bailed out his old firm using Geithner as his tool. What’s really changed? Geithner gives more dough to GS and they trade the snot out of it, make money and then return it sans interest or a piece of the action. The entire process is disgusting.
The post today is abbreviated since I’m absorbed with other matters.
Let’s see what happens.
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