WABC IMUS ANNOUNCES CANCER… DEVELOPING…

Neil Best Newsday,

http://weblogs.newsday.com/sports/watchdog/blog/2009/03/sid_rosenberg_is_out_at_790_th.html

My husband blames Huckabee for blocking Romney. I think Imus blames Huckabee for not getting out of the way sooner so John McCain could get a jump on the National Campaign.

Well we have the answer as to where the producers go. Turns out some go across the street and others just go and sit at home!

“Rainmakers” walking out the doors of these banks is not a good trend. The US Govt has loaned these banks $10s of billions of dollars meaning the taxpayer has an interest in the success of the banks.

IMO, Rainmaker exits increases the level of difficulty for repaying the bailout loans to the US taxpayer.

BTW: It’s easy to see investors taking cash out of banks which canceled Los Vegas conferences (for example) and instead moving assets to banks which sponsor conferences. Once again adding to the difficulty of repaying those loans.

I shall be sharing this.

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Enjoy
Bruce

P.S.

I do not make money on this. If I were to make money on this form of sending audio I would need 1 Million Downloads to to make $50.00

Pretty funny considering that number.

One last thought…

I am NOT against “Big Business”, Capitalism, nor honest management of corporations in pursuit of whatever profits they can achieve. That is what keeps us ALL working.

One would have to look back, in hindsight…and admit: this was not Capitalism’s finest, nor most honorable hour.

As well they should. If they had any scruples (and obviously many of them do have them) they are moving into “legitimate financially run banks”, and leaving the incompetents to suffer their own demise.

P.S. Yes, “unfortunately for taxpayers”…yet the trend is a good one.

I don’t blame them one iota. There are many “respected and honorable” people in the corporate business sector that are “sick to their stomach” over what has happened. I commend them for doing the right thing, and leaving the despicable and unconscionable bastards that wrought this mess to their own end.

It happened, it never should have…we all (all Americans ) are on the hook for their mismanagement and incompetence… but their time is coming to a close. I hope.

Bankers Rush to the Exits
End of Big-Paycheck Culture Leads to Departures by Firms’ Rainmakers
Rob Shepperson WSJ

… most firms have managed to hold on to their top “rainmakers” — veteran bankers with relationships that brought in revenues for bond deals, mergers and stock offerings.

That has begun to change, as the government’s intervention in the financial sector has begun to spell the end of the freewheeling, big-paycheck culture that pervaded the firms. WSJ Click|Here

“as much as there boss?”

Sorry, THEIR boss.