Originally Posted by jayjacobson
WTF? Like the CEO's of Fannie, Freddie, AIG, Washington Mutual, Bear-Sterns, etc, etc, AND such noted economic leaders as McSenile, THE Messiah, The EVIL W, speaker Pelosi, the treasury secretary and the fed chairman, etc, etc?!
Ron, I'm gonna go out on a limb and say your seat advice is far better than your investing advice!
Well, if you would have been with me on October 8th you wouldn't have lost a nickle
. My 401K and IRA (and my wife's) are intact and healthy. It was either dumb luck or my Spidey Sense tingling. Maybe intuition. The knot in my stomach. Whatever... probably dumb luck!
Believe it or not there are still a few good CEO's out there that actually are honest - and, this is really hard to believe - have their shareholder's interests in mind FIRST.
Guys like Robert Toll of Toll Brothers. He is a breath of fresh air. (even though I don't own his company - it's a stretch to think that home builders are going to be doing anything until current inventory is worked down.)
Even though Carl Icahn is a curmudgeon and not very likable guy, he tells it like it is and doesn't put up with any crap from the CEO's of the companies he owns. He owns 92% of the common and preferred shares. He's the one that wants to get the stock price up as much as I do, and he's the one that can influence that more than anyone. (up 11% since this morning...)
I'm a fan of Jim Tisch of Loew's. Warren Buffet of Berkshire Hathaway. I could go on and on. There ARE
still a lot of decent CEO's and companies to buy, and yep, I LOVE bear markets.
I guess what I don't understand is all the closed door meetings within the bank of Ben and Hank. If the taxpayer's money is involved with this insane bailout - why can't we have access to what is being said? As the saying goes: "Enquiring minds want to know".
Seems to me it's just business as usual in the smoke filled room. Except this time its smoke and
PS., they should put EVERY ONE OF THE FORMER OFFICERS OF AIG IN JAIL.
Those lying bastards had larceny in their heart from the get go. Assholes.