Tuesday, January 15, 2008
"If It Sounds Too Good ----"
Today Citibank took another loss to their
corporation due their over investment in the
US housing market......What the heck is the
difference between a loss of a corporate
CEO and a home owner, currently in
foreclosure?........Nothing......
The entire US economy is now on a "teeter-
totter" because a lot of people were looking
for a fast buck......The CEO and "Joe Sixpack"
are one in the same.......The only difference
is that the CEO will not lose his house.....
Both though made bad decisions......Both
knew the gamble and took it......Both lost.....
Their decisions are now effecting other
people but "Joe Sixpack" will hurt the most......
One thing I have learned in my years in the
business world.....The "Big Guy" NEVER
makes a mistake......He just makes a "slight
error in judgement"......If he can not correct
it, he moves on to the next CEO job.....
Poor "Joe Sixpack" has to buy a cheaper
brand of beer.......Pumps
corporation due their over investment in the
US housing market......What the heck is the
difference between a loss of a corporate
CEO and a home owner, currently in
foreclosure?........Nothing......
The entire US economy is now on a "teeter-
totter" because a lot of people were looking
for a fast buck......The CEO and "Joe Sixpack"
are one in the same.......The only difference
is that the CEO will not lose his house.....
Both though made bad decisions......Both
knew the gamble and took it......Both lost.....
Their decisions are now effecting other
people but "Joe Sixpack" will hurt the most......
One thing I have learned in my years in the
business world.....The "Big Guy" NEVER
makes a mistake......He just makes a "slight
error in judgement"......If he can not correct
it, he moves on to the next CEO job.....
Poor "Joe Sixpack" has to buy a cheaper
brand of beer.......Pumps