First they kick out Thain, then Paulson gets to leave with the Bush administration, now Lewis has stepped down, who is left? Mr. Bernanke. Blaming Thain and Lewis is so moronic, they were on an economic war ground and audibles were being called in from governmental offices on a minute by minute basis. Lehman had just failed could Merrill really be allowed to perish as well?? So they payed some bonuses and John Thain had a 30k dollar toilet on the scale of a 3 trillion dollar bailout who really cares? This is just media fodder - everybody loves a white collar criminal...
Ken Lewis, John Thain, Paulson they are all OK in my book the one I have a problem with is still in ofiice...
Intresting that the afterhours stock traders have latched on to Ken Lewis retiring as "bullish". The stock is popping a bit.
Another thing Id like to point out comes from one of my favorite websites www.zerohedge.com
http://www.zerohedge.com/article/jim-cramers-recommendation-cit-yesterday-primed-upside-i-would-buy
CITs common stock is more than likely a total goose egg. If CNBC wants to reestablish credibility I know one program they should definitely axe... Firing Dennis Kneale was to easy...
JB
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