Ramblings

RTP for Alcan, $101 all cash. Guess the miners boom still has legs. RTP expects deal to be cash flow and earnings accretive in first full year of consolidation. I am long RTP.

Does anyone remember W saying his main job was to protect the people? Of course that was after 9/11. So how's he doing? Hmmmm. At the request of a Senate committee, GAO did a sting operation and obtained a license to buy enough radioactive materials to make a dirty bomb. The fake company was a phone, fax and mail drop. The Nuclear Regulatory Commission issued the license in 28 days - no inspection. GAO altered the license and then ordered the materials. Sheesh. Even a subprime mortgage gets a drive-by. And which branch of government is the NRC in? The Executive. Who leads the Executive branch? W. What a jerk and liar and rotten leader. Grrrrrrrrrrr.

Record margin debt on NYSE. But the WSJ article it's due to a pilot program changing margin rules at eight firms for hedged options transactions. Sounds like beefers.

EDU in WSJ article announcing new language schools in China. I am long EDU.

State Department official apologizes for failing to anticipate huge flood of passport applications. Sheesh. How stupid can they be? Another executive branch failure. Another W failure.

You might say, "Bunkerman, can you blame W for details like that". Easy. If he was paying attention and talking to the people, instead of being holed up in the White House, he might find out about problems. He's got huge resources and can hire all kinds of people. No excuses!!!

Barron's online has an article about bank overdraft fees. Ridiculously high! Banks and credit card companies are acting like vultures or piranhas in ripping the flesh off people who make honest mistakes. Who's trying to protect the people? No one. Not even Congress, who are in the pocket of the big banks.

We need populist libertarians [or is it libertarian populists? hmmm] to run the country!

Bunkerman for President!!!! lolololololol ;-)

PS: In respect and deference to Lady Bird Johnson, who was a classy and respected lady and wife of Lyndon Johnson, I am suspending referring to W as Lyndon for one week. Lady Bird Johnson did much to maintain and improve the natural beauty of the nation. She passed on yesterday at age 94. She set a standard for wives of Presidents that few have met.