The Little Guy

Sometimes I wonder if the market is truly accessible to the little guy.

I was in a gang years ago when gangs didn't carry guns, they carried lollipops. Lollipops are great for teething babies. That's me on the right.

The bailout has been finalized and each and every American will pay around $3,000 of our taxes to subsidize the $700 billion price tag to keep our economy afloat. Baby trader believes that each publicly listed company should have to pay a nominal amount to help contribute to this bailout. These companies can afford to make a contribution and get a tax write-off at the same time. 

Wachovia Bank with all their financial problems lingering still managed to make some nifty donations such as this check to the University of Maryland to the sum of $150,000. As we know most universities have coffers bigger than 3rd world countries and they actually invest these gifts into the stock market for bigger returns. Just for comparison this amount is equivalent to 5,000 overdrafts @ $30 per check. Banks should have more common sense with respect to honoring the shareholder's value agreement. 

Increasing shareholder value should be the first mission of all companies. I only mention all of this because I am irate that the Wachovia-Citibank marriage is already a thing of the past. Wachovia now plans to unite with Wells Fargo Bank at an 80% premium compared to the Citibank deal. So now you get $6.00 instead of $2.00. Big Deal. Why couldn't the CEO of Wachovia figure out a simpler way to create shareholder value instead of allowing this company pummel to the single digits. 

If you want to know more about the lollipop kids and what we have been up to since the Wizard of Oz please click on this link below. It is all about the little guy aka Munchkins. It is hilarious!

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