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eddie64 is a Top 100 Commentor
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- Wall Street Breakfast -Sample
Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
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- Jim Cramer's Picks -SampleBetter Choices - Cramer's Lightning Round (10/15/08)by SA Editor Rachael GranbyStocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend. - Stocks & Sectors -SampleSeeking Alpha - Stocks & SectorsInternet
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Wall Street Breakfast: Must-Know News
I didn't vote for you, but offer some suggestions for your consideration to help Americans. They are dramatic, controversial and may require taking on your supporters, all of which you said you would consider doing: So here goes.........
[1] Tort reform caps in medical malpractice, which will "reduce" medical costs system wide by ~15-20% rightoff. Without this initiative, any medical coverage proposal will be unnecessarily burdened negatively for the consumer and taxpayer;
[2] Legalize drugs and the benefits to America are overwhelming! Crime will be reduced dramatically. Funding for gangs will vanish. Prison populations can be reduced by half. Court systems returned to normal caseloads. Every municipality will require much smaller police forces, while EMS & hospitals will benefit in usage and cost savings. DEA, CUSTOMS, ATF, ICE, FBI staffs and resources can be redirected to protecting our borders and terrorism. Inner city youths will be motivated to get an education as the street level drug dealer will no longer be a choice. America has paid a tremendous price because of a small % of weaklings who need a crutch in life or those elite partiers. The War-on-Drugs has been an abject & costly FAILURE and needs to end, as does the Political Corruption it ferments. America will save tremendous costs incurred by this charade and Americans will be safe to walk the streets and enjoy their homes.......Just COPY SWITZERLAND!
[3] SEC Enforcement Division tripled in size and budget and motivated by a "new" Commissioner who is committed to "protecting the small investor".
[4] Provide an avenue for all non-citizen immigrants living and working in US, who are crime free and have children born here to become tax paying citizens. Quit blaming them for being here and doing our work. Allow them to achieve peace of mind and enjoy the benefits for which they have worked. Rid the country of this devisive issue. Wanna punish someone--try Employers and INS!
[5] Enact Term Limits for Congress and Senate, so no politican can remain in same position for more than 12 years.
[6] Withdrawl, or dramatically draw down, our troops and related expenses from Allies all over the world. Protect our Embassys and leave a small deterrent force in countries like S. Korea. But the days of America protecting the world are over! Plus, we can't afford it!
[7] Eliminate the Federal Department of Education along the same lines as Reagon tried! It is an unneccesary expense, source of questionable influence to States and REDUNDANT. You said you would look for Dept's of government which are no longer needed or effective........
[8] Eliminate corporate welfare, in the form of subsiies to industries which don't require "startup" funding. Start with Agriculture and progress thru Energy.............
[9] Enact the Line-Item-Veto!!!!!!!!
[10] Make Earmarks ILLEGAL!!!!!!!!!
Best wishes!!!!!!!!!!