The Mason Kirby lawsuit over the alleged insider trading by David Sokol was dismissed by the Delaware Chancery Court several weeks ago. I was unable to find copies of the article discussing the dismal or a copy of the dismissal online. However it looks like for now, the legal troubles for David Sokol and Berkshire Hathaway caused by Mr. Sokol’s actions are over for now.
Overall: On the style of the debate, I am not a big fan of the table style debates. I prefer the podium. The moderator, Martha Raddatz from ABC News did a very poor job of preventing Joe Biden from interrupting Paul Ryan, and from preventing Biden from rambling. Joe Biden was obviously a much more experienced debater. Paul Ryan obviously had less debate experience. However watching Joe Biden left a rotten taste in my mouth. He was childish at times, talked down to the audience at times. He fabricated facts, and acted like what he said was the word of god. I think Paul Ryan was a little too nice at times. However if you listen to the facts being cited, I think Paul Ryan held his own and demonstrated his abilities.
Overall: This debate focused on domestic issues. I liked the format, and I think the moderator did a good job of keeping the debate moving and keeping the candidates on topic. On the various issues brought up in the debate:…
On the various issues brought up during the debate I have the following:
Auto Bailout: Rick Santorum said he opposed the bailout because he did not think that government involvement is not the best method for the restructuring. Mitt Romney said that he wrote an Op-Ed in the WSJ opposing a loan package, recommending a managed bankruptcy and help coming out of bankruptcy. He said he supported TARP in order to loosing all the banks and having the entire financial sector going down. Then later the companies actually went through a managed bankruptcy, and the President gave the companies to the UAW; which was a big part of the problem. Newt Gingrich said the problem with the US auto industry was a management system that could not deal with the UAW. Newt said that he agreed to with Mitt, and that President Obama violated 200 years of bankruptcy law in an unprecedented manner and screwed all the bond holders. Ron Paul that the government and politicians were the primary problem in the auto industry.
Overall: I am so sick and tired of the fighting between Newt and Mitt! These two should focus their attacks on Obama, not each other. I said a long time ago, that thoughts were the best ticket would be a…
Overall: I was about 30 minutes late tuning into the debate, so I missed the a couple of the early items. Hats off to the crowd for showing their displeasure when Ron Paul was passed over on the Right to Life question. They forced John King to back up and include Ron Paul on the issue. I give the South Carolina crowds 5 Stars in these 2 debates……..
Newt scored big points by referencing the Galveston, Texas and Chilean system. He really knew this subject well. His mention of the Principal Group in Des Moines helping administer the Chilean system was great. It is a good starting point on being able to get the facts on this system out to the public. Also, his comments about the estimates by the Social Security Actuary estimating 90-95% of younger people opting into the system, and the building up of an asset that they own where extremely good. He also referenced Martin Feldstein of Harvard for estimating that this system would reduce wealth inequality in America by over 50% over the next generation.
I do not watch a lot of television. I generally find 4-6 shows I like during a season and stick with them. I guess you could say that I am pretty loyal to the shows I like. I do like to follow the entertainment and media industry because I think it has some rather unusual quirks of personality that are unique to entertainment. Things that would get you fired in any other industry are perfectly acceptable in the entertainment industry. Things like the head or the WB Network canceling its top rated show, “Angel”; or ABC firing the creators of “Lost” and “Desperate Housewives” before the shows even aired their pilot episodes. I think this has been made all the more interesting over the last couple of years due to the writers strike and advancements in internet technology………
The act of a brokerage firm taking funds from customer and client accounts for its own use is not something that is not done lightly or by low level employees. It is something that requires approval from the top levels of a firm. In my opinion in the MF Global situation, it was either an act of extreme desperation or arrogance. Either someone at the top was extremely desperate to save the firm, or someone was arrogant enough to think that they were far smarter than the market and they would be proven right while the naysayers would be proven wrong. Either way, it was
It looks like Marc Andreessen’s firm may be thinking of making an offer and installing Jeff Jordan to run the firm. It looks like Thomas H. Lee Partners may be thinking of making a $5 Billion offer for Yahoo’s U.S. operations, while Alibaba Group may be trying to round up financing to make a $4 Billion offer for Yahoo’s Asian operations.