This Is Capitalism?
I read the following in a New York Times article this morning about an apparent bidding “war” taking place between Citigroup and Wells Fargo for Wachovia:
Citigroup and Wells pressed regulators to seize Wachovia and let them buy its assets and deposits, as JPMorgan did with WaMu, or provide some sort of financial guarantee, as regulators did with JP Morgan’s acquisition of Bear Stearns, according to people briefed on and involved with the process.[1]
My 2 Cents On The Financial Crisis
1) The Fed should not lower the federal funds rate today.
2) The government should not bailout AIG.
Let’s end this so we can move on (told you it was 2 cents). Read more
Why Is The Wall Street Journal Front Page All Of A Sudden Wearing Black?
Are they in mourning for Lehman and Merrill?
http://online.wsj.com/public/us
Now This Makes Some Sense.
Last Monday, September 8, 2008, I wrote about how the US stock market’s response to the Fannie Mae and Freddie Mac bailouts made no sense:
The U.S. government decided to step in and take control of Fannie Mae and Freddie Mac yesterday.
Dear Democrats: If You Want To Shake The “Elitist” Tag It Might Be A Good Idea To Use A Spokesperson Who Is Not Part Of The Rothschild Family (Or The British Nobility).
I was reading The Wall Street Journal today and saw an op-ed piece titled “Democrats Need to Shake The ‘Elitist’ Tag.”[1]
Written by whom? Read more
In Memory Of Those Killed On September 11, 2001
We will not forgot you.
May you rest in peace and may God comfort those you left behind.