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UCGal
ParticipantOh… one more thing… On the GM bailout, Wagoner resignation. Barry Ritholz had the best take on the whole thing.
http://www.ritholtz.com/blog/2009/03/how-gm-became-uncle-sams-bitch/
As soon as the news broke about Waggoner’s resignation, I put up a quick post, writing:
“I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: When are you going to ask the TARP and bailout recipients to step down? Ken Lewis being asked to step aside after many years of running BofA ? How about Blankfein? Pandit? And the rest of the TARP recipients?”
That generated the following comment:
I think this is kinda scary that the government can now force the CEO of a private enterprise to step down. I know they received money and they want more but the fact is that they should not have received it in the first place. And GM isn’t owned by the govt. like AIG. I’m not saying Wagoner was a good CEO. Only the principle is scary.
Private enterprise? How do you figure? Once they asked for and got $30 billion from the government, they gave up all pretenses of being a private firm. The “G” in GM now stands for government, as in Government Motors.
As soon as you become dependent upon the biggest guy in the cell block for protection, you become his bitch.
ParticipantOh… one more thing… On the GM bailout, Wagoner resignation. Barry Ritholz had the best take on the whole thing.
http://www.ritholtz.com/blog/2009/03/how-gm-became-uncle-sams-bitch/
As soon as the news broke about Waggoner’s resignation, I put up a quick post, writing:
“I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: When are you going to ask the TARP and bailout recipients to step down? Ken Lewis being asked to step aside after many years of running BofA ? How about Blankfein? Pandit? And the rest of the TARP recipients?”
That generated the following comment:
I think this is kinda scary that the government can now force the CEO of a private enterprise to step down. I know they received money and they want more but the fact is that they should not have received it in the first place. And GM isn’t owned by the govt. like AIG. I’m not saying Wagoner was a good CEO. Only the principle is scary.
Private enterprise? How do you figure? Once they asked for and got $30 billion from the government, they gave up all pretenses of being a private firm. The “G” in GM now stands for government, as in Government Motors.
As soon as you become dependent upon the biggest guy in the cell block for protection, you become his bitch.
Participant[quote=flu]One thing definitely consistent. Obama talks ==> Market tanks…. -290 now that he is actually talking about the GM plan.[/quote]
Staying out of the politics of this since I’m traditionally a liberal, but not thrilled with how Obama’s been handling things…
But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
Correlation does not equal Causation. He talks, the market goes up…
…or it goes down.
He stays quiet, the market goes up…
… or it goes down.I don’t think you can make a strong case for Obama speaking being the sole reason for the market swings.
Participant[quote=flu]One thing definitely consistent. Obama talks ==> Market tanks…. -290 now that he is actually talking about the GM plan.[/quote]
Staying out of the politics of this since I’m traditionally a liberal, but not thrilled with how Obama’s been handling things…
But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
Correlation does not equal Causation. He talks, the market goes up…
…or it goes down.
He stays quiet, the market goes up…
… or it goes down.I don’t think you can make a strong case for Obama speaking being the sole reason for the market swings.
Participant[quote=flu]One thing definitely consistent. Obama talks ==> Market tanks…. -290 now that he is actually talking about the GM plan.[/quote]
Staying out of the politics of this since I’m traditionally a liberal, but not thrilled with how Obama’s been handling things…
But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
Correlation does not equal Causation. He talks, the market goes up…
…or it goes down.
He stays quiet, the market goes up…
… or it goes down.I don’t think you can make a strong case for Obama speaking being the sole reason for the market swings.
Participant[quote=flu]One thing definitely consistent. Obama talks ==> Market tanks…. -290 now that he is actually talking about the GM plan.[/quote]
Staying out of the politics of this since I’m traditionally a liberal, but not thrilled with how Obama’s been handling things…
But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
Correlation does not equal Causation. He talks, the market goes up…
…or it goes down.
He stays quiet, the market goes up…
… or it goes down.I don’t think you can make a strong case for Obama speaking being the sole reason for the market swings.
Participant[quote=flu]One thing definitely consistent. Obama talks ==> Market tanks…. -290 now that he is actually talking about the GM plan.[/quote]
Staying out of the politics of this since I’m traditionally a liberal, but not thrilled with how Obama’s been handling things…
But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
Correlation does not equal Causation. He talks, the market goes up…
…or it goes down.
He stays quiet, the market goes up…
… or it goes down.I don’t think you can make a strong case for Obama speaking being the sole reason for the market swings.
ParticipantContinuing the hijack on the “boomer” definition…
I think people’s definition of boomer depends on their age. I’m 47, so by the definitions that move “boomer” qualifications to birth years in the mid 60’s… I’m a boomer.
But my dad wasn’t a WWII vet – which is part of the definition… He was a Korean war vet. And I’m the youngest of 3 kids…
Now my husband, 10 years older than me, is full on “boomer”. His dad served in WWII, came back, married, and started having kids.
boomers typically had to worry about Vietnam and were old enough to have been part of or observed the whole counter culture 60’s thing. I was in grade school during that era.
ParticipantContinuing the hijack on the “boomer” definition…
I think people’s definition of boomer depends on their age. I’m 47, so by the definitions that move “boomer” qualifications to birth years in the mid 60’s… I’m a boomer.
But my dad wasn’t a WWII vet – which is part of the definition… He was a Korean war vet. And I’m the youngest of 3 kids…
Now my husband, 10 years older than me, is full on “boomer”. His dad served in WWII, came back, married, and started having kids.
boomers typically had to worry about Vietnam and were old enough to have been part of or observed the whole counter culture 60’s thing. I was in grade school during that era.
ParticipantContinuing the hijack on the “boomer” definition…
I think people’s definition of boomer depends on their age. I’m 47, so by the definitions that move “boomer” qualifications to birth years in the mid 60’s… I’m a boomer.
But my dad wasn’t a WWII vet – which is part of the definition… He was a Korean war vet. And I’m the youngest of 3 kids…
Now my husband, 10 years older than me, is full on “boomer”. His dad served in WWII, came back, married, and started having kids.
boomers typically had to worry about Vietnam and were old enough to have been part of or observed the whole counter culture 60’s thing. I was in grade school during that era.
ParticipantContinuing the hijack on the “boomer” definition…
I think people’s definition of boomer depends on their age. I’m 47, so by the definitions that move “boomer” qualifications to birth years in the mid 60’s… I’m a boomer.
But my dad wasn’t a WWII vet – which is part of the definition… He was a Korean war vet. And I’m the youngest of 3 kids…
Now my husband, 10 years older than me, is full on “boomer”. His dad served in WWII, came back, married, and started having kids.
boomers typically had to worry about Vietnam and were old enough to have been part of or observed the whole counter culture 60’s thing. I was in grade school during that era.
ParticipantContinuing the hijack on the “boomer” definition…
I think people’s definition of boomer depends on their age. I’m 47, so by the definitions that move “boomer” qualifications to birth years in the mid 60’s… I’m a boomer.
But my dad wasn’t a WWII vet – which is part of the definition… He was a Korean war vet. And I’m the youngest of 3 kids…
Now my husband, 10 years older than me, is full on “boomer”. His dad served in WWII, came back, married, and started having kids.
boomers typically had to worry about Vietnam and were old enough to have been part of or observed the whole counter culture 60’s thing. I was in grade school during that era.
Participant[quote=enron_by_the_sea]Adding couple of small local EE-Comm employers to the layoff list
(a)Entropic cuts 55
http://tinyurl.com/dd52ev(b)Pulse~link lays off 40+
http://tinyurl.com/cup6ar
[/quote]Yikes about Entropic… I’ve worked with them.
Participant[quote=enron_by_the_sea]Adding couple of small local EE-Comm employers to the layoff list
(a)Entropic cuts 55
http://tinyurl.com/dd52ev(b)Pulse~link lays off 40+
http://tinyurl.com/cup6ar
[/quote]Yikes about Entropic… I’ve worked with them.
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