Charlie Rose 9 15 Lehman Brothers

Black Monday or 9/15.  Lehman Brothers… one of the five big investment banks was allowed to go into Chapter 11 bankruptcy when just recently Bear Stearns was bailed out as were Fannie Mae and Freddie Mac… Hmmm

The ad for careers at Lehman Brothers is still up…  odd

http://www.lehman.com/careers/workatlehman/index.htm

At any rate, the Charlie Rose show led off with Lawrence Summers, former FED secretary and now a professor at Harvard.  He looked kinda like a recent William Shatner and sounded kinda like Bill Gates.  I was bored to tears and was glad this dude wasnt currently in charge of anything.  Charlie looked equally bored.

Charlie also had on the worst blue pin striped suit ever.

The second half was finally the good interviews on what happened.  Nouriel Roubini was very sharp albiet “right to the point” about how bad things are and that it’s about more bad investments that just home mortgages.

http://www.charlierose.com/guests/lawrence-summers

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What Could You Do With $42 Million Dollars?…

The IRS just spent it to send you a letter stating what you VERY likely already know in announcing that your stimulus is on the way and that you have to file an income tax return.

http://news.yahoo.com/s/ap/20080307/ap_on_go_ot/dear_taxpayer

Just to throw out some ideas on productive uses of such a chunk of change.

– Could that “announcement money” be used to help in cities that have high populations of poor and homeless?

– Could that “announcement money” be used to help in cities that still have significant damage from natural disasters?

Frankly, it’s a lot of money, but not enough to make any dent in the infrastructure issues that came to mind. But humanitarian aide as cited above seemed to be the most likely better use.

Looks like Linda Stiff is serving as acting Commissioner at the IRS and that Henry Paulson is head at the Department of Treasury that the IRS is under. It’s not clear who/what group was immediately responsible for this spending decision.

Perhaps you’d like to contact your senator or house representative for your state to let them know how you appreciated the use of this public tax money.

Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, D.C. 20220
General Information: (202) 622-2000
Fax: (202) 622-6415

For contacting your state’s representative:

http://www.senate.gov/general/contact_information/senators_cfm.cfm

https://forms.house.gov/wyr/welcome.shtml

Im not even gonna ask how much is being spent to run that commercial about TV’s not working without a converter box or replacement after Feb 2009. And how could we better use that money?

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Nightly Business Report (Old School PBS)

Just a few words to to pay tribs to Paul Kangas in Miami and Susie Gharib in NewYork and Linda O’Bryon, senior vice president and general manager of NBR Enterprises/WPBT2 which produces NBR,  for such a cool  show that has been on PBS for many years.  ‘ve learned so much watching this show and still enjoy it as I get a chance.

Note: Susie Gharib is a hottie.

And Paul’s iconic closing Paul… “wishing you the best of goodbyes…”