Is George Bush Suddenly Back in Charge?
How did this happen? In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009. For a minute I had to jump over to the White House | Read More »
Barack Obama Heads One Way. His SEIU Goons Head Another. Will the GOP Fight?
Barack Obama is headed to “Main Street” this week — that part of the country most particularly getting the shaft because of his policies. Obama is going to declare that fighting Wall Street helps Main Street, despite Wall Street creating the wealth to help Main Street get bank loans. The reason Obama is doing this is simple — small businesses are, according the recently released | Read More »
Fire Sale On Wall Street
It is becoming abundantly clear that if the Paulson Plan does not pass by market close on Friday, the world will be a very different and more unstable place come sunrise Monday morning. Why? The credit market is crashing. There is not enough credit in the market right now. Come Monday, if Wall Street does not have the assurance of a workable plan, the nightmare | Read More »