Citigroup Stock Falls To Below $1 For The First Time In History…
This is a great lesson in why the govt should not get directly involved in the affairs of the market. Despite the fact that Uncle Sam has provided $45 billion of taxpayer money to Citigroup over the last few months, Citigroup’s market value fell to about $5.5 billion today. What this simply means is if [...]
Pssst… Did you know about Title VII of the Stimulus Bill? I bet you didn’t…
We live in interesting times. How many are actually aware of this “little” provision in the Stimulus Bill known as “Title VII”, which creates what is basically a maximum wage,and compensation caps on every single employee in any company that receives government funds: The rules apply to “senior executives” plus the 20 “most highly compensated” [...]
Why Obama’s Bank Rescue Plan Is Bound To Fail…
Wise words are being spoken, alas Barack Obama has chosen not to listen. FT Has Barack Obama’s presidency already failed? In normal times, this would be a ludicrous question. But these are not normal times. They are times of great danger. Today, the new US administration can disown responsibility for its inheritance; tomorrow, it will [...]
Chart of Our Money Supply… “Scary” is an understatement…
We all know that George W. Bush and now Barack Obama do not understand that money is not something that can just be created out of thin air, for ultimately the taxpayers must foot the bill. If they understood this concept, they would never have agreed to TARP I, and there would be absolutely no [...]
