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Is America Capitalist?

This is a question that is vexing me greatly right now. In a more pure capitalist system the linkage between capital, the investors in business, and management, the custodians of that investment, is straightforward. And results oriented. The message to management is obvious: make the right return or be replaced. This pressure to perform is, […]

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Geithner’s Plan … Yet Again

Forgive me for festering over this one, but any time taxpayer money is thrown around with abandon something inside me wants to know why. So many people have tried to take a shot at explaining the Geithner Plan [a.k.a. PPIP] and those, who like me are critics, all end up asking the same question: why […]

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Wells Fargo Profits: Smoke and Mirrors?

I didn’t comment on this last week when the numbers were reported, but the euphoria surrounding Wells Fargo’s first quarter earnings reports seems a little naive. Short that stock. Having sat in on very similar discussions myself many years ago I can imagine to pressure at Wells to publish good earnings. After all the administration […]

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