I am back. New Jersey is beautiful this time of year; my crappy hotel room overlooked the "atrium", where the management did not seem to understand that guests may not appreciate the "Noriega" suites, with music playing 24 hous a day outside your balcony. At least I have a job.
Too bad that about 4000 Wachovia employees will not be able to eat at the free breakfast bar. And Grandma's dividend check will be a little lighter. I hear the six-hundred calorie/day diet has been shown to extend life; good thing now that Grammy will be eating a lot less.
Correct me if I am wrong, but were not the write downs suppose to end two quarters ago? Can we not stop the madness? They put down dogs; is it not time to put down these banks? Look, how much capital does Wachovia need to raise to get even? And where are they going to get it from?
Citibank? I went into a Citibank on Saturday and the ratio was 4:1; four EMPLOYEES to one CUSTOMER. I went to my local B of A, where they cater to Hispanic customers, and at 8:45 in the morning it looked like a Tijuana whorehouse on Cinco De Mayo.
Dead cats do bounce...
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