Dear Bank of America:Who Do You Think You %!#% Work For??First, a personal disclosure: my wife and I own a couple hundred shares of Bank of America. We’ve owned them for more than a decade, and they are now worth less than what we paid. Adjusted for inflation, we’ve actually lost more than one-third of...Read More
Bailout Money Bolsters Banks Against Prospective Losses?“A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be. “ –Wayne Gretsky It’s a stretch to compare Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson to the incomparable Wayne Gretsky; their ad hoc and inconsistent handling...Read More