Today, Obama Reveals Way to Make Millions
Contrarian Profits (January 20th, 2009) Writes:
Dear Value Seeker,
As I sit down today, President-elect Obama is making his way to Capitol Hill. (He’ll be President Obama by the time you read this.)
Obama campaigned on a message of change. His inauguration speech today in expected to focus on hope.
Unfortunately, hopes for banks are fading fast.
“Financial stocks clobbered,” reads a MarketWatch headline today.
Chaos in Britain’s financial system, along with more weak earnings from regional banks, dragged financial markets lower again today.
Neel Kashkari, who is running the Treasury’s TARP program, has written to 20 banks in receipt of handouts demanding monthly reports on business and consumer loans. Kashkari wants an “insight” into how the banks are spending taxpayers’ money.
What a good idea! Shame we had to throw $350 billion down the toilet before he thought of it…
Not that it
...Andrew Snyder, Bank Of America, Biotechnology, bloomberg, Britain, Bush, Canada, Chris Mayer, contrarian profits, Dubai, Frederick, Healthcare Industry, Jim Nelson, Larry Summers;, Market Commentary, Martin Hutchinson, Maryland, Neel Kashkari, new york fed, nouriel roubini, obama, on-line publication, Paul A. Volcker, paul kedrosky, Prestige Brands;, renewable energy, Saskatchewan, South America, systemic banking crisis, Taipan Daily, United States, Us Treasury, USD


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That same broken dollar is now king. It won’t last. Think of it as a temporary scarcity of life jackets.



