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The new god in business is Chairman Hank Paulson

Posted on November 16, 2008 @ 11:31 am by David Esrati

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How would you like it if all of a sudden, the government stepped in and decided to give your competition a few billion dollars- and make everyone else think your company is failing? That’s exactly what Hank Paulson and the Treasury department are doing to National City Bank- and Congress can’t get a straight answer. Read More

While the government is talking limits on credit-default swaps, maybe we’d do best to ban “counter-investing”?

Posted on October 11, 2008 @ 12:52 am by David Esrati

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Investing and the market should be about good faith in a company- after all, isn’t that what all the debt rating agencies are supposed to help us with in making decisions? Just yesterday, Standard & Poors warned it may downgrade GM’s credit rating- which helped kill off 31% of the stocks value. That’s a serious Read More