Tuesday, September 30, 2008

Washington Donkery Rant

House of Representatives found some cajones.

Markets tanked because no bailout = panic.

President Bush told American public no bailout = financial disaster.

Enough members of public believed to panic sell.

There is no inter-bank credit so something has to be done but enough representatives want to find palatable solution because they realize they represent their constituencies and average joe is not seeing mortgage relief from yesterday's plan.

Monday, September 15, 2008

Lehman R.I.P.

Today is final day of synopsis being a Lehman or financial blog.

It is the way of a capitalistic society to let a weaker company fail, even if the weakness comes from bad leadership at the top.

Saving grace of bankruptcy is golden parachutes for CEOs are eliminated.

Tuesday, September 9, 2008

No Utility Today

Lehman top Managment has not shown competence required during mortgage crisis to be placed in charge of a Lemonade stand.