Money

Do they play this at bailout board meetings? Citigroup, one of the "family" that has access to all the information (see my post on the 200% interest) Macy's collects about me has agreed to take no bonuses for 2008--and yes, they promise to keep a tight leash on expenses, and "limit" their lobbying efforts. I am deeply comforted. As I've always said here, I don't care generally how much these CEOver-the-toppers pay themselves for their mansions, mistresses and private schools for the kids as long as the stockholders don't care, but now that they want us to share the risk for their negligence and bad investments, I think it only right we have a say. According to Bloomberg, "Overall, the federal government has committed $8.5 trillion in trying to jumpstart a shrinking economy." And Obama hasn't even started filling the pot holes and killing talk radio yet!



Bloomberg.com summary of 2008, a year the writer calls a "Darwinian" event--only the most fit species survived. It may be the only type of Darwinian event I can believe in!

HT No Runny Eggs