Friday, March 28, 2008

Tonight on Nightly Business Report

Clinton attacked McCain on not knowing enough about economics, like Bush.
McCain pretended to like the free market.
Obama talked about something that sounded good, but did not seem to mean anything.
The journalist on "Nightly Business Report" referred to all three of them as having a stimulus plan.


Later, they mentioned a fact also mentioned in this WaPo article - that Jimmy Cayne, chairman of Bear Stearns did not get out of Bear stock at $2 / share. He sold for more than $10/share. This means he made $61 million instead of the nearly $1 billion in shares he owned as the company was peaking. I wonder what kind of lifestyle differences there are in having $61 million instead of $ 1 billion when you are 74 years old.

- Allan

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