Hey Kids, I’m an ardent patriot and as American as apple pie, or the apple-flavored pie they serve at McDonalds. That said, I came across the below video, not exactly flattering to Americans in general, and thought I’d pass it on. For my friends who don’t feel like reading the Wall Street Journal, here’s a…
New York Times
Citigroup's Greatest, Bestest, Most Wonderfullest Quarter Ever (since 2007)
Oh, Vikram. Can it be true? Are you really rolling and pushing the bloated, rotting whale corpse that is Citigroup slowly back into the ocean and thus, back to life? From the New York Times: Citigroup reported first-quarter net income of $1.6 billion, after posting a loss of $5.11 billion in the period a year…
The Two Most Important Points From Today's Goldman Call
Goldman Sachs held an earnings conference call early this morning which was live-blogged by the New York Times‘ columnist Floyd Norris. Good, ’cause I had some Cookie Crisp cereal to eat right around that time. Congrat’s on your $5 billion capital raise, but I gots to feed the machine. There were two notable things on…
Vasectomy Boomlet Another Sign of the Great Decession?
[vodpod id=Groupvideo.2350430&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] I couldn’t help myself with the video, sorry. My sense of humor is not everyone’s cup of tea, but I did find this New York Times article about the uptick in vasectomy operations poignant. The doctors and health professionals quoted are all discussing the anecdotal evidence about how the bad economy is driving…
Hot Links: Icahn, Roubini, Sir Allen & Blockbuster
Hot Links for Weekend Reading It’s about time the Kaiser of Korporate Governance weighed in on the lack of accountability on the part of congress when doling out TARP (your) funds. Carl Icahn wrote a sharp op-ed piece for the New York Times called “We’re Not The Boss Of AIG“. The main thrust here is…
Creating a Bailout Army of Retail Investors
I’m actually OK with this one. If the taxpayers are going to be on the hook for the losses, they should get a crack at the upside, too (hopefully there will be an upside). And if that opportunity comes in the form of retail funds created by quality organizations like the Pimco‘s and the BlackRock‘s…so…
About F&%$in' Time: Homebuilders Merging
Watching the homebuilders stubbornly try to go it alone over the last few years has been highly frustrating, like an adult chaperon at the 6th grade dance watching the boys stand on one side of the gym and the girls on the other. When you have a group of companies facing this type of nosedive…
Sucks to be Cerberus
Oopsies! Steven Feinberg: Oh my gosh, honey, are you awake? Mrs. Feinberg: Yes, what is it, Dear? You sounded like you were having a nightmare… Steven Feinberg: Yeah, it was weird…I dreamt that my private equity firm owned both GMAC and Chrysler! It was horrible! Mrs. Feinberg: Well…umm…ok, go back to sleep, hon. Everything will…
Goodbye Rick Wagoner…and Maybe GM
In the New York Times, Micheline Maynard wrote a pretty balanced account of how Rick Wagoner became CEO of General Motors (GM) to start with and why many of the problems facing the company were already in place before he took control about a decade ago. The article raises more questions than it actually answers….
Deadbeat Biker Gangs and Retired Dentists
It will come as no surprise to you to read that people who bought Harley-Davidson (HOG) motorcycles with sub prime loans have started to default on their payments. What? Yep, the crisis has finally gotten ugly for the biker set. From the New York Times: In a pattern similar to that of the housing bust, Harley…
