Monday, December 29, 2008

Why our economy stinks

It all begins with our leadership...

"I think this is a case where Freddie Mac (NYSE:FRE - News) and Fannie Mae (NYSE:FNM - News) are fundamentally sound. They're not in danger of going under I think they are in good shape going forward." -- Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008

Caroline Kennedy for Senator: What a joke!

As a New Yorker I get to weigh-in and state categorically that appointing Caroline Kennedy to fill Hillary Clinton's position would be a fiasco for many reason. Here are my three reasons why.

  1. Better Candidates: There are many other NYers (both politicians and non-politicians) who are better qualified to represent the interests of NY and serve as a Senator. On the political side; SuozziMaloney, Silver, Bloomberg and Cuomo all would be a better choice then Caroline Kennedy. Additionally, there are many retired first rate executives throughout NY most any of whom could do an admirable job.
  2. She's never run for anything: Caroline is a nice person but certainly not a Senator or even a school board member. Heck to the best of my knowledge she's never sought votes, raised money or run for anything of note. Worse, her interviews over the past week have been as embarrasing as her own voting record.
  3. Kennedy name: In 2009 the Kennedy name means little to the majority of NYers; only those in the media think it carries any cache. Worse, most every American is turned-off by the notion of gaining an advantage because of one's surname.  It's time to give opportunities to those who have worked hard, paid their dues and earned our respect; something Caroline Kennedy has not done.

Monday, December 8, 2008

Best explanation about what went wrong with rating agencies

Monday, December 1, 2008