Saturday, 28 February 2009
At the end of his interesting letter released this morning, he discusses his annual shareholder's meeting, aka "Woodstock for Capitalists". Promised entertainment will feature a blindfolded chess player, and a magician. After that, word of the week, one can have a steak. And shop too. Jets, knives, and insurance will be on offer. P.T. Barnum would be proud. Psychologists would be worried.
Friday, 27 February 2009
Thursday, 26 February 2009
Wednesday, 25 February 2009
Missmarketcrash herself will now be able to personally guarantee to you that Bank of America and Citigroup will not be nationalized. Why?
From the Marketwatch website comes the following:
"Bernanke refuted notions that the conversion program would lead to nationalization. He said that as long as there were some private shareholders in the biggest banks, any government investments in the banks would not constitute nationalization".
I knew there was a reason I still had those shares...I can now save you all from the N word.
Tuesday, 24 February 2009
Monday, 23 February 2009
Pass the sauce. It is not going to be called nationalization. It is going to be called
Yes this is my third post today. The markets have just bled down to 1997 levels. Citigroup has appears to have failed its stress test in a big way. Worrisome bloody week even though it all seems so obvious.
And, no. You can't have it well-done.