When Geithner speaks – stock market reaction

Did anyone notice the big drop (more than 3.5%) in the stock market as of Monday’s close? As the financial stocks seem to have been the hardest hit, the better question, however, is “why”?  Well, it seems that this weekend, the latest administration news “leak” landed with a thud, causing an even louder thud on…

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Due process and equal protection?

Unlike my brother, I am not one to rant.  Occasionally, however, someone in Congress says something that is so stupidly outrageous (or outrageously stupid), that my normal mild mannered demeanor is forced to rant.  So, please forgive me, I’m not used to this. Congressman Grayson, sadly from my home state – though luckily not from my…

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No Time To Waste

Secretary Geithner needs sweeping powers to do all kinds of things like take over financial institutions that the government thinks might possibly need taking over. So he needs to move fast … faster than fast. No time to look this deal over … quick.   First this on Wednesday Allowing the Treasury Department to take over…

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The Satyr and the Peasent, a modern retelling – Video

There is one of Aesop’s fables, entitled “The Satyr and the Peasent,” “A Man had lost his way in a wood one bitter winter’s night. As he was roaming about, a Satyr came up to him, and finding that he had lost his way, promised to give him a lodging for the night, and guide…

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Emotion and business decisions – the AIG bonus program

Now really, what did you expect? Like it or not, the managers and executives at AIG have specific value in the market place. You may think that they are all worth nothing, but many companies see the AIG kerfuffle as an opportunity. The obligations that AIG had to managers were contractual payments everyone knew about…

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