It's the economy, stupid
8. POST 9-11 TRAUMA
Scars us to today, but as an economic even, seems to have faded. Hurt the travel industry, sent markets reeling and caused a downturn. But nothing compared to today's debacle.
7. ENRON RUNAROUND
Largest corporate scandal ever and took down Chicago-based Arthur Anderson. It brought down the retirement funds of employees who put their stock in Enron stock.
It is too bad these folks still have most of the money they stole and only two were punished.
6. NO PITS, PLEASE
Chicago futures traders have lost the loud trading pits which defined it. That has been supplanted with computers. The Chicago Mercantile bought the Chicago Boart of Trade.
Not Finished Yet. --DaCoot
Showing posts with label Aughts. Show all posts
Showing posts with label Aughts. Show all posts
Sunday, January 24, 2010
Thursday, January 21, 2010
A Look Back at the Aughts-- Part 1
Or is it the Oh-Ohs, or Uh-Ohs?
These would be the Uh-Ohs.
Jan. 1, 2010, Chicago Sun-Times "Dot-bombs give way to real estate, jobs implosion" by David Roeder.
"Volatile Decade (Quite an understatement): What began with Y2k hysteria ends in 2009 with consumers worried about paychecks and mortgages."
Mr. Roeder gave his list of top ten stories of that decade.
10. AUTO INDUSTRY ROLLOVER: The Big Three couldn't build SUVs fast enough, then expensive gas hit. GM and Chrysler bankrupt, assembly line jobs gone, dealers gone. Well, there was that "Cash for Clunkers" deal.
I'm still mad about the billions we gave to GM to keep them from going bankrupt, and they still went bankrupt. Who got that money? Probably top execs. Better if the $30 billion given to consumers to buy GM cars. "Cash for Clunkers" sure didn't help me.
9. THE BANK GETS BOUGHT: One bank buy another bank buy another bank buy another bank. Then let's be really "stoopid" in our investments.
Way too many criminals running our investment banks that should be held more accountable and not getting lavish bonuses for the "good" jobs they're getting. Hey, even dumb old me could lose billions, AND, I'd work for a lot less and wouldn't expect those bonuses. And, I don't have a Harvard degree.
More to Come. --Cooter
These would be the Uh-Ohs.
Jan. 1, 2010, Chicago Sun-Times "Dot-bombs give way to real estate, jobs implosion" by David Roeder.
"Volatile Decade (Quite an understatement): What began with Y2k hysteria ends in 2009 with consumers worried about paychecks and mortgages."
Mr. Roeder gave his list of top ten stories of that decade.
10. AUTO INDUSTRY ROLLOVER: The Big Three couldn't build SUVs fast enough, then expensive gas hit. GM and Chrysler bankrupt, assembly line jobs gone, dealers gone. Well, there was that "Cash for Clunkers" deal.
I'm still mad about the billions we gave to GM to keep them from going bankrupt, and they still went bankrupt. Who got that money? Probably top execs. Better if the $30 billion given to consumers to buy GM cars. "Cash for Clunkers" sure didn't help me.
9. THE BANK GETS BOUGHT: One bank buy another bank buy another bank buy another bank. Then let's be really "stoopid" in our investments.
Way too many criminals running our investment banks that should be held more accountable and not getting lavish bonuses for the "good" jobs they're getting. Hey, even dumb old me could lose billions, AND, I'd work for a lot less and wouldn't expect those bonuses. And, I don't have a Harvard degree.
More to Come. --Cooter
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