Well...I wanted someone to be made an example of, and by ghod I got it.
There is some buzz out there to the effect that Rick Wagoner's ouster at GM is proof that the Obama Admin is somehow tougher on manufacturing than it is on banking. Dunno about that, basically GM and the big three have been nothing but auto-loan brokers with a big manufacturing component attached for decades...firing Wagoner to me is a big shot across the bow of AIG, Citigroup and a host of similarly esoteric outfits.
Moreover, the year is still young...and a lot of high binders are waking up right now even as I right this with some cold therapeutic fear in their hearts.
I thoroughly approve.
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