Must be nice to be a bank
Tom Dougherty, CEO – Stealing Share
6 April 2009
Banks, have you learned anything?
Banks…Oh, this is rich.
Reuters just reported that “U.S. banks that have received government aid, including Citigroup Inc, Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co, are considering buying toxic assets to be sold by rivals under the Treasury’s $1,000 billion plan to revive the financial system, the Financial Times said.”
So let me get this straight. The banks are in trouble for having toxic assets and a few of those banks want to get into the “business” of brokering, buying, selling, and marketing these toxic assets as a profit center?
I remember Will Rogers once ended a radio broadcast by lampooning the Roosevelt administration’s “plans” for getting out of the great depression. As he signed, he said, “Oh, I don’t know, I don’t know, I don’t know any more about this than an economist.”
Stihl Tom Dougherty, CEO - Stealing Share 20 November 2018 Finally, a leaf blower that works: Stihl I love autumnal weather. The temp is perfect, the scent is crisp and the colors are brilliant. But dang it, if I can't stand anything, it’s managing leaves strewn...
Hardees brand Tom Dougherty, CEO - Stealing Share 19 November 2018 The tragedy of the Hardees brand What has happened to the Hardees brand? A few weeks ago, I wrote that the new ad from Carls Jr (Hardees western US partner) was simply an amusement for those at...
Walmart delivery Tom Dougherty, CEO - Stealing Share 15 November 2018 Walmart delivery idea represents a great opportunity Buried deep inside a report that Ford and Walmart delivery are teaming up sits an interesting tidbit. The service, now in pilot stage in...