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Citigroup Buys Banking Operations of Wachovia

Bye, Bye Wachovia (WB)

Citigroup has agreed to buy Wachovia’s banking operations for
$1 a share, a move that that would concentrate power within the nation’s banking industry in the hands of a few giant lenders.

Wachovia’s stock, which finished last week at $10 on the New York Stock Exchange, traded for 95 cents at 9 a.m. in early transactions. It sold for more than $48 in February 2007. Citigroup traded at $19.09 in early trading, compared with $20.15 at last week’s close.

Traders Toolbox: Relative Strength Index (RSI)

One of my most useful tools when I first check out the price action a company’s shares:

Traders Toolbox: Relative Strength Index (RSI)

Posted using ShareThis

Blogs For Borders Video Blogburst

Our weekly vlog/podcast on illegal immigration and border security. In this weeks edition…

Vigilance Dispatch: Everyone is talking about the massive bailouts. How has illegal immigration fed into the financial crisis that Washington plans to fix using our taxpayer dollars?

100% Preventable! Americans continue to pay the bloody price for open borders, when will the madness end?

Download for your Ipod here.

Make sure to visit this weeks sponsor….

Click on image

If you’d like to sponsor a show contact us here.

This has been the Blogs For Borders Video Blogburst. The Blogs For Borders Blogroll is dedicated to American sovereignty, border security and a sane immigration policy. If you’d like to join find out how right here.

Technorati Tags: illegal immigration, open borders, invasion, rape, pedophile, child molester, bailout, subprime mortgage crisis, corruption,

Side-by-Side Comparison of Rescue Legislation

DC Examiner has a side-by-side comparison of original bailout bill with bill provided by House Republican Whip Roy Blunt’s office. Biggest reason to support the bill: The Democrats favorite things, like support for ACORN, are gone thanks to Republicans!

This may keep the devil in the bottle for a week or so, but then someone will realize we are still in a credit crisis and the game is liquidity!

Michelle Malkin has the bill itself and a section-by-section analysis.

UPDATE 8:49PM Jim Sinclair’s Commentary

Rusty Bayonet calls our attention to section 132. The SEC can allow the banks and other financial entities to return to false and misleading accounting. My god, permission to fabricate and lie? That translates into bilk and steal. That should take maybe 2 minutes.

Some say mark-to-market accounting is good because it forces a company to acknowledge “real”market value and helps us avoid another Enron. Others say mark-to-market accounting is bad, because it allows a corporation to preserve its balance sheet, even if it is fiction. Obviously, Jim Sinclair knows what it leads to.

Family Told Obama NOT To Wear Soldier Son’s Bracelet

NewsBusters reports,

Shockingly, however, Madison resident Brian Jopek, the father of Ryan Jopek, the young soldier who tragically lost his life to a roadside bomb in 2006, recently said on a Wisconsin Public Radio show that his family had asked Barack Obama to stop wearing the bracelet with his son’s name on it. Yet Obama continues to do so despite the wishes of the family.

Michelle Malkin has pictures of the candidates and their bracelets.

Ed Morrissey wants confirmation from the Jopeks that they do not want Obama to wear the bracelet.

Football Upsets

#1 USC 21, OSU 27!

#3 Georgia 30, Alabama 41
#4 Florida 30, Mississippi 31
#9 Wisconsin 25, Michigan 27
#16 Wake Forest 17, Navy 24
#20 Clemson 17, Maryland 20
#23 East Carolina 24, Houston 41

Oregon should move back up and Oregon State might get a mention or Top 25.

Book Review: Waiter Rant

I just finished reading “Waiter Rant” by The Waiter on my Kindle.  First of all, it’s a well-written, breezy, inside look at restaurants by a waiter of an upper end New York restaurant who started by blogging about his experiences.  It’s funny, but it has an insight into people that can be a little shattering.  For instance, waiters get two tops, two people dining together. squared away first.

…couples at a table are probably married and sick of talking to each other, making them hypersensitive to any kind of waiting.

Most restaurants have a POS computer system where they enter the orders. They may also keep notes about their customers, such as good tipper, pain in the ass, takes too long eating, etc. The waiter describes a case where a customer comes in with no notice on one of the biggest nights of the year and demands a table. The waiter checks the POS and notes that this guy is arrogant and poor tipper, He tells him he only has room at 5:30 and 10:30. Moral: be careful how you treat your waiter at your favorite restaurant.

The waiter writes about how he helped a young couple have a standout dinner even though they really couldn’t afford the high dinner prices. The waiter can be called upon to help a guy out with his prospective clients. The dinner can go well if the POS says he’s a good guy or badly if it doesn’t. Funny how a man can be made to look foolish in front of a client, if his card doesn’t go through.

There’s some great information about illegals and how we are very dependent upon them in the restaurant industry.

The waiter writes about the drunks he encounters and how he deals with them. He writes about “critters” that live around food. And he writes about the urban legend of waiters spitting in food; about drugs and working when others are asleep.

The waiter gives a lot of suggestions about the way to have a great dining experience, what to tip, how to treat the wait staff, and how the staff is paid.

Now while I was surfing the web today, I came across Mer Mag written by Merrilee whose brother-in-law is Trent Gudmunsen. The interior paints by Gudmunsen look exactly like the restaurant I pictured as I read “Waiter Rant.”

The Debate

Thoughts on the debate:

First, The early questions dealt with economics. Obama got in some good licks about the origins of this financial mess blaming it on the eight years of George Bush and deregulation supported by John McCain. None of it true.

I kept waiting for McCain to denounce Obama and tell the world that Franklin Raines, former head off Fannie Mae, adviser to Obama and looter of $100s of millions was responsible. Or Jamie Gorelick, Democrat, looter of millions from Fannie Mae or one of Obama’s key advisers, from Fannie Mae was responsible, along with Sen. Chris Dodd and Rep Barney Frank, both Democrats charged with oversight of the GSEs were responsible for the mess. Giving the Democrats more money is ludicrous. But, he didn’t!

I kept waiting for McCain to defend the tax cuts better, but he didn’t. I kept waiting for McCain to echo some of the arguments of Republicans and the country that has flooded Congress with emails and faxes and phone calls against the bailout, but he didn’t. So that round went to Obama by default.

Second, when it came to foreign policy, John McCain won hands down. He’s dealt with the conflicts for years, he’s been to the countries, met the leaders; he just is more trustworthy. He seems to understand the nature of Russia better than Obama and warned us about Ukraine. Really, what can we do to get Russia out of Georgia? This is a power play about hegemony and energy.

McCain scored many times with the idea that Obama is naive, he doesn’t understand (the complexity) of the issue. Many times Obama said he agreed with John McCain. Round two to McCain, but round two was much more of the debate that round one.

Now two things I noticed. Obama called Sen. John McCain, John. As in, “We are equals aren’t we John?” The other thing I noticed, Obama would look directly at McCain, but McCain, for the most part, ignored Obama. I wrote a piece today, Obama Is No Leader, about what Rush Limbaugh found out about the meeting in the White House. Suppose Obama really did fall apart demonstrating his leadership ability, did McCain show his contempt by ignoring him? I also thought Obama was yelling at me and McCain was the guy trying to tone Obama down.

One more thing: John McCain talked about a mother who gave him a bracelet for her dead son and urged him not to let her son down. Obama said he also had a bracelet, though he didn’t show it,and said the mother of (it sounded like) “Sgt. Slowpecker, I mean Sgt. Strohmumble mumble, asked him to keep other boys from dying. yada, yada.” Obama didn’t seem to be able to recall the boy’s name.
Michelle Malkin makes the same point:

1) I have a bracelet, too! Uhhhh, but give me a second because I can’t remember the name on it.

Bottom Line: I wish McCain were a stronger advocate of Capitalism. I do feel comfortable that he understands how to keep us safe.

Murtha sued over remarks

On August 11, 2007, regarding the alleged atrocities in Haditha, I posted Where’s The Apology? I wrote

I was sure the MSM would correct their original stories along with Rep Murtha issuing an apology.

There has been no apology from Rep. Murtha so,

Now, less than six weeks before the longtime Johnstown Democrat is up for re-election, a Marine involved in the now-infamous Haditha incident is suing Murtha for slander.

Justin Sharratt of Canonsburg, Washington County, left the Marine Corps last year. But he claims Murtha’s statements have caused “permanent, irreversible damage to his reputation.”

“What Murtha did is outrageous, and I am seeking punitive damages,” said Noah Geary, a Pittsburgh attorney representing Sharratt.

It’s about time. No Marine has ever been found guilty of any of the original charges. It did not happen the way Murtha said and looks like it is too late to apologize.

How Did It All Begin?

And the Democrats want another $700 Billion!

Hat tip to Instapundit!

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