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Dumping Stocks

phil — Thu, 17 Jun 2010 02:46:29 +0000

I see that there is a fire sale going on with BP shares. But what I am curious about is why did both Goldman Sachs and BP President Tony Hayward (30%) dump all their shares 3 weeks before the disaster? Its probably just a lucky coincidence but I’m thinking these guys need to become professional gamblers.

These guys below didn’t get off quite so lucky.

Check out this FOX article:

BP Stock Frowned On as Bank of America, Lawmakers Unload

Published June 16, 2010

| FOXNews.com

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Bank of America reportedly has sent around a directive to limit trades with BP as the oil company’s stock continues to decline and its credit rating erodes.

The bank’s stink-eye toward BP comes as several lawmakers revealed they’ve unloaded the oil company’s stock.

Reuters reported that a high-level Bank of America executive on Monday ordered traders not to conduct oil trades with the company that last beyond June 2011. The decision comes as the company scrambles to staunch the gushing oil leak in the Gulf of Mexico while working with the federal government to contain and clean up the damage.

Bank of America would not confirm or deny the report.

“We’re not commenting on that. That’s a client, so as a rule we do not comment on client relationships,” said spokesman John Yiannacopoulos.

The crisis has left BP on the hook for what will likely be billions in clean-up costs, economic damages and potential penalties. The company reached a deal with [read more]

What about America?

RobertBeadles — Fri, 11 Jun 2010 09:41:23 +0000

Hey all, I was reading Phil’s article and yes democrats are on the way out, for the most part, this election. But rather than just simply replacing a Republican for a Democrat or Democrat for a Republican as I have often said, we should hold them all equally accountable.

So many times we get fed up with one party and replace them with another, this needs to stop. We deserve better. We need to get to the root of the problem and fix it there. There has to be an individual accountability.

I won’t lie to you, I am a bit frightened about the whole democratic process ( we currently have a Republic but people still call it a Democratic process) I was looking at the numbers and saw that less than 10% in a lot of instances came out to vote in the primaries. This has me very worried.

We all have a huge stake in our Country and deserve what our Founding Fathers and our families fought so hard to give us. Why is it so many of us would rather watch our favorite sitcom than catch up on the current events or vote for our freedoms?

Why is it so many of us will never miss an American Idol episode and yet despise and cast out a televised political debate? We need political education people. We are fading away. Taxes are consuming us, political figures are betraying us, our freedoms are disappearing, our bankers are making their own rules that we have to pay for, it’s [read more]

I guess anyone can run?

Jason — Thu, 10 Jun 2010 23:14:44 +0000

Nice little Article From Fox: Greene’s South Carolina Primary Win Defies Odds, Leaves Democrats Perplexed

By Cristina Corbin

Published June 10, 2010

| FOXNews.com

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South Carolina Democratic Senate candidate Alvin Greene poses for a photo in Manning, S.C., June 9. (AP Photo)

Alvin Greene is the proverbial enigma wrapped in a riddle surrounded by mystery.

He’s also the new Democratic candidate for Senate in South Carolina.

Greene admits he had no campaign headquarters, no party support, no contributions, no job, no computer and no cell phone.

Yet, somehow, he managed to pull off the most unlikely of victories, and — unless state Democratic Party officials have their way — will face incumbent Republican Sen. Jim DeMint in November.

Greene’s improbable victory over Democratic candidate Vic Rawl, a former state legislator who officials expected would win, has unleashed a flood of questions, including how the unemployed Army veteran managed to pay $10,400 to get on the ballot before running a “low budget” campaign with no ads, website or fundraising.

Voters also are wondering how the 32-year-old Greene, facing a felony charge for allegedly showing pornographic images to a college student last October, managed to capture 59 percent of the primary vote.

In an interview Thursday with FoxNews.com, Greene said he won by “simple, old-fashioned campaigning” that included traveling the state and speaking to voters “wherever I could find them.”

Greene said his “self-managed” campaign was personally funded and cost well under $2,000. He said he held no “formal events” [read more]