Monday, January 12, 2009

bailout for purchasing???

Hey everyone

I just came across a story that is talking about Citigroup dumping its brokerage business to Morgan Stanley for two to three billion. I am loving the way the government has absolutely no control over how the TARP funds are being used. Great job! With the fact that consumers take up 70% of the economy, isn't it great we will barely see any of that money?

This week should be very interesting. Quarterly reports come out, last week of Bush presidency (ie free reign for the banks), and developments on Mr. Madoff.

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