All I hope is that if somebody cuts them a check, that management is forced to take a huge Pay cut. I insist that the CEO takes half a mill per year. the rest of his lackies all make under 300K.
I can understand Wall street companies paying bonuses if money is made, but these guys are just golfing all day.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, November 6, 2008
GM Ford Chrysler
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