Monday, March 30, 2009
Morgan Stanley says sell US Stocks. I wonder why.
Thirty years with the company. Rick Wagoner knows the business. He's out because Obama wants him out. Then Obama gives a "headless" company two months to "work it out". How much experience in the auto industry does Obama have? Why isn't the head of the UAW canned also? Why isn't the head of Chrysler out? Or AIG? Or Fannie Mae? Or Freddie Mac? I don't know if the President of the United States has EVER fired the head of a major corporation before. Scary stuff.