Wild Card/Tuesday — 3/10/09

49 comments on this post so far. Add yours!

• 

  hmoffsuite on March 10 at 10:43 a.m.

  Stock market trading up nicely today. Dow up 300 pts at the moment. Citibank, one of the more troubled banks, announced today that they actually made money in Janurary and February. Thinking is that if they are profitable now, others might be as well. Good incentive for the market. This in lieu of a release of information by Geithner regarding the handling of banks is the reason for market strength, fwiw.

• 

  Bent on March 10 at 11:14 a.m.

  I posted this on yesterday’s wildcard, and thought I’d move it up here. I found it on Drudge. It’s kind of crass, but dang it made me laugh:

  http://www.fox8.com/wjw-news-medina-fart%2C0%2C2761320.htmlstory

• 

  Charlie on March 10 at 11:28 a.m.

  Bent, came up with page not found. It’s funny, you might want to repost. Wonder if there is smell-o-vision?

• 

  cantyoureadthesigns on March 10 at 11:34 a.m.

  The hardworking taxpayers of the US have pumped at least $75B into CitiBank and now they’re reporting a profit? What a surprise.

  That’s some “free market” you got there…

• 

  toadman on March 10 at 12:01 p.m.

  I’m with “cantyou…”, if they made a profit, then so should we! I’ll be expecting my dividend check in four to six weeks, thank you very much!

  ;-)

• 

  Bent on March 10 at 12:41 p.m.

  Ok try this link: http://www.fox8.com/wjw-news-medina-fart,0,2761320.htmlstory

• 

  Bent on March 10 at 12:42 p.m.

  That one works Charlie…

• 

  hhuseland on March 10 at 12:51 p.m.

  Speaking of that “giant sucking sound, I got my rate increase from Capitol one, as many others have. Fortunately, I ,moved to another bank just a couple of months ago. From 7.99% to 17.99% with a perfect payment record, is just simply shooting themselves in the foot. Way to go out of business with a bang, fellas!

• 

  Nick_Adams on March 10 at 12:52 p.m.

  So, Hmoff, when AIG announces billions in losses and the stock market plumments, it’s actually Geithner’s fault for not releasing enough details and when the market goes up it’s Citibank’s profits, Geithner’s additional info had nothing to do with it?

  Your attempts to blame everything bad on Wall Street on the administration and credit business for everything good are completely inconsistent and lacking credibility.

• 

  Charlie on March 10 at 12:53 p.m.

  10-4. Funny.

• 

  hmoffsuite on March 10 at 12:57 p.m.

  Nick >>> “Geithner’s additional info had nothing to do with it?”

  Geithner has yet to release the specifics of the TARP 2 distribution of funds. This rally today had nothing to do with the administration, just the news that Citi brought to the table. I wouldn’t be standing too tall for Geithner. He has done nothing to help the situation. Lots to damage the market tho. Where is he, btw? Shouldn’t a Treas Sec be out front when times are this volatile?

• 

  Sisyphus on March 10 at 12:57 p.m.

  Toad, that would invoke terms like “nationalization” and “socialism” causing people’s heads to spin and explode mostly on the TV and radio. Only those people can’t explain why exactly. Instead we have the current scenario where we just give them the money, that we don’t have, only to make it up later, hopefully. Apparently “personal responsibility” does not extend to the corporate structure sufficient to extend welfare to them.

• 

  Lynne on March 10 at 1:14 p.m.

  Herb, I just got mine from US Bank. 28.99%! Commencing Friday the 13th. How ironic is that? And if I don’t “accept the change, the Account will be closed, and you will be permitted to pay the balance in full at that time…”
  What a crock

• 

  Transplanted_Texan on March 10 at 2:29 p.m.

  Hmoff, he is out front; I read on Politico this morning that Obama is dispatching Geithner and Summers to Wall Street for a series of speeches, interviews, and meetings. Remember, though, that Geithner lacks deputies - the number 2 and 3 spots at Treasury are still open, so he’s stretched pretty thin.

• 

  hmoffsuite on March 10 at 4:20 p.m.

  Tex. I agree that he is short of help when there is so much work to be done. The problem the administration created was to over-promise and under-deliver, big mistake by Obama. Remember that big Monday night speech he gave a few weeks ago? Said Geithner would be releasing all the plans for the use of that remaining TARP money the next day in his debut address. And, he has had a couple of occassions when he could have laid out the plans and still hasn’t even yet. Not knowing what the plans are is bad for the market because investors don’t like uncertainty in the markets.

• 

  hmoffsuite on March 10 at 4:38 p.m.

  Obama just said, “we don’t have the luxury of time to prioritize our expenditures” Nope, Obama thinks everything needs to be done right this minute and we have to hurry, hurry so as to not waste the good crisis. Man O Man, he is doing too much, too fast, and that leads to bad mistakes. Why can’t he see it would be best to take on his initiatives with ample time to get it right, for a change. The budget bill passed and is on its way to Obama’s office for signature. Looks iike more tv time for the ego.

• 

  hmoffsuite on March 10 at 5:01 p.m.

  Another Obama mistake. They just keep coming, seems to me …….

  The controversial appointee to chair President Barack Obama’s National Intelligence Council walked away from the job Tuesday as criticism on Capitol Hill escalated

  http://www.politico.com/news/stories/0309/19856.html

• 

  hmoffsuite on March 10 at 5:08 p.m.

  Looks like the Boat Bill passed for collecting fees for that mussel problem. Good for them.

  http://www.spokesman.com/stories/2009/mar/10/boat-fee-bill-advances-idaho/

• 

  Bent on March 10 at 5:23 p.m.

  Looks like the Senate finally passed the FY09 budget, earmarks and all. Eight republicans crossed over to vote in favor of the bill, and three democrats voted against it.

  Hey, technically speaking, that is bi-partisan support…

  http://www.washingtonpost.com/wp-dyn/content/article/2009/03/10/AR2009031002653.html?hpid%3Dtopnews&sub=AR

• 

  hmoffsuite on March 10 at 5:49 p.m.

  The Republicans are just as much pork supporters as the dems. All in all, its a shame that none of them have the willingness to put a stop to it. We really need to be careful of our spending right now and this new budget isn’t the way to do it. “As long as I get mine” is the thinking and it is wrong. Blame us voters.

• 

  hollykb on March 10 at 6:37 p.m.

  Virginia man pays his electric bill in pennies:

  http://hamptonroads.com.nyud.net/2009/03/virginia-man-pays-his-350-electric-bill-pennies

• 

  hhuseland on March 10 at 8:37 p.m.

  Lynne, look at your letter closer. Most will, and I’m not sure that is law, but most credit car companies will allow you to cancel your card and maintain the previous interest rate on that old balance. capitol one gave me the freedom to continue until May 27. I cut the card up after calling and canceling.

• 

  hhuseland on March 10 at 9:10 p.m.

  Well the Dow surged ahead after tanking for a month. Sell. GM will declare bankruptcy within 60 days, as soon as the new rules allow it too. Then watch the fall. Nothing of substance has changed, other than Citibank is making a profit from Government money. If the Us Government wants to lay a cool billion on me, I too will produce jobs, only I would do it without regard to political philosophy.

• 

  Lynne on March 11 at 8:27 a.m.

  Thanks Herb. My brain went all fuzzy (read = into shock) before I read that sentence.

• 

  Bent on March 11 at 9:05 a.m.

  Here is the reality of the earmark dilema in DC. It’s a good read and it is interesting to note that this issue has strong ties to our region’s political structure.

  http://mobile.thehill.com/leading-the-news/gop-waits-for-obamas-move-to-reform-earmarks-2009-03-11.html

« Back to Huckleberries Online

• ›Scanner traffic