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

"Sell down to your sleeping point"

Friday, January 30, 2009

Go Claire!!!!

Claire McCaskill today talking about how if you get tarp money you should be limited to 400K in compensation.

I love that she calls them idiots.

"They don't get it," McCaskill said. "These people are idiots. You can't use taxpayer money to pay out $18-billion in bonuses... What planet are these people on?"

"Once they're off the public dole, once the taxpayers aren't footing the bill, then it's not as much our business what they get paid," she said. "But right now, they're on the hook to us. And they owe us something more than a fancy waste basket and a $15-million dollar jet. They owe us some common sense."

bankrupt companies...

I also say that JPM, GS, WFC are welcome to give the money back. We can see how long they can stay solvent. I guess the people with real value can go to solvent companies.... If they can find a job that doesn't have 400 guys who want it.

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