Off to BlogWorldExpo in Las Vegas, but still waiting for Barack Obama’s verdict on the AIG bailout, and then his reaction to the financial crisis.
Imagine if the blinking Barack had been in charge this week.
The transcript of yesterday’s interview with Dexter Filkins will be posted here later today. When you read his disquieting account of the growing radicalism of the Pakistan border areas, keep the prospect of Obama as Commander-in-Chief in mind. This is no time to send in a wholly unprepared media-created legend-in-his-own mind.
I really wouldn’t want to be a short-seller the next few days and weeks.
From the early reports:
Shares of financial firms also surged. Morgan Stanley was recently up 31%. Wachovia, which is said to be in possible merger talks with Morgan Stanley, jumped 28% premarket after climbing by 59% Thursday. Goldman Sachs Group, which along with Morgan is the last of the remaining big independent brokerages on Wall Street, gained 25% Friday before the bell.
American International Group added 28% premarket. New CEO Edward Liddy said that he hopes to keep intact as many of the company’s largest insurance operations as possible in a publicly traded company, after selling assets to pay back a federal loan.