What if Ronald McDonald Were Treasury Secretary? - 09/29/08 11:16 AM
Yesterday, I posted an article about Treasury Secretary Henry Paulson and his CEO friends losing hundreds of millions of dollars from their personal portfolios. In fact, during the last 20 months Paulson has lost nearly $300 Million from stock at Goldman Sachs, his former employer. It seems that Paulson has two significant ulterior motives for selling Congress and taxpayers on the $700 billion bailout - his friends and Goldman Sachs.
Following many spectacular collapses of financial firms (Bear Stearns, Merrill Lynch, Lehman Bros, etc.), Goldman Sachs somehow managed to stay afloat - perhaps they knew long ago about this a bailout … (7 comments)

$700 Billion for Paulson's Buddies - 09/28/08 01:12 PM
Today's telecast of The McLaughlin Group showed 10 of the biggest losers from the current mess on Wall Street.  9 of the 10 could be described as friends of Secretary Henry Paulson and the other one is Paulson himself.  Here's the list biggest CEO losers based on their personal portfolio of company stock...
Maurice Greenberg - Former CEO AIG    Jan '07 - $1.25 Billion | Sep '08 - $50 Million (96.0% Loss)    Henry Paulson, Former CEO Goldman Sachs    1/07 - $809 Million | 9/08 - $523 Million (35.4% Loss)    Daniel Mudd, Former CEO Fannie Mae    1/07 - $26 Million | 9/08 - $476k (98.2% Loss)    Richard Syron, Former … (2 comments)

McCain/Obama are Paid to Campaign - 09/26/08 04:40 PM
There has been a great deal of discussion this week about what Barack Obama and John McCain are paid to do. No one would argue against the fact that Obama and McCain are paid by taxpayers to serve as senators. It is also a fact that they have both been paid hundreds of millions of dollars by those same taxpayers to campaign to become president. They both have far more influence on their respective parties now as presidential nominees than they ever did. As nominees they have cameras following every move they make and recording every word they say. Given the … (10 comments)

McCain's Cold Feet - 09/24/08 05:15 PM
According to several published reports, John McCain is suspending his campaign and does not want to debate Obama in 2 days.  His excuse is that he wants to focus on the economic crisis.  I think we can all agree we're facing a global economic crisis.  However, what could McCain do with his time on Friday night that will be so great for our economy that he can't spare a couple of hours to debate Obama?  Nothing.
The fact is, he is weak on the economy and knows that debating Obama this week, with current economic headlines, might cost him the election.
(57 comments)

Palin Reads a Teleprompter Better than Bush - 09/03/08 10:37 PM
In her VP acceptance speech, Gov. Sarah Palin proved that she speaks fluent English - even better than "W".  However, she is the new Michael Moore of the GOP - every comment about the Democratic ticket was taken out of context.  The biggest question she needed to answer was about her knowledge of foreign policy. She spent less than 2 minutes rattling off the names of Russia, Venezuela, and Iran to "demonstrate" her knowledge of foreign policy.  Palin proved she can read a teleprompter, but did not prove she will make an effective Vice President.
What did you think of her speech?
Best regards,Jay
(31 comments)

 
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