Citi Bank Scales Back Retail Banking Operations

Citi Bank which is one of the largest financial institutions in the world and in to a little bit of everything and a little bit too much, has announced plans to scale back their retail banking operations and has said it will be reducing the number of branches.

Disney Buys Super Heroes and The rest from Marvel Comics

Marvel Comics, the creator of comic book legends such as the X-Men, Spider-Man, and the other 5000 super heroes and evil doers, will be part of the Mickey Mouse family. That's right, Disney has acquired the rights of the Marvel Comic Book Characters and it only cost them 4 Billion dollars. That comes to just under a million dollars a character. Though obviously the value of each character varies considerably.

It is no wonder these marvel comic movies have been coming out by the cluster and in record time over the past few years. I honestly think that all the block buster hits hitting the big screen falsely increases the perceived value. The earnings potential, over the next decade or less, may be over estimated. None the less this is still an excellent buy for Mickey and the Disney Family for the long term.

I think another issue this brings up is the flood of weird financial garage sales of "name and labels" even Dow Jones Industrial Average is up for grabs. That just seems insane.

Ben Bernanke to serve another term as the Chairmen of the Federal Reserve

August 2009

President Obama interrupted his vacation this late August to publicly announce that he is appointing Ben Bernanke to serve another term as the Chairmen of the Federal Reserve.

GM Insiders bail out - Idiot Investors buy Pink shares over the counter

May 2009

This post is just to share the sec fillings of 6 insiders at GM who have bailed on there own company as they see there stock holders getting wiped out. The six insiders dumped all there shares entirely. If you own this stock sell it.