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Archive for October, 2008

Obama vs. McCain on Financial Matters Part 1- Taxes

Posted October 15th, 2008 by Sidd | No Comments

Topic
Obama
McCain
Sources

Taxes
Overview: Raise Taxes for the super rich. Lower taxes for everyone else. The less money you make the more your taxes are lowered.
Overview: Lower taxes for everyone. The more the money you make, the more your taxes are lowered
Source 1

After visiting both the candidates websites (McCain on Taxes, Obama on Taxes), I found a lot [...]

Wac(hovia + Citi – Citi) + Wells Fargo

Posted October 3rd, 2008 by Sidd | 1 Comment

This mornings news is that Wachovia is now being merged with Wells Fargo for an approximate price of 7$ in an all stock swap where each shreholder gets about 0.19 share of Wells Fargo in exchange for each share of Wachovia.
Here is what I think is happening. How do you get someone to accept a [...]

Robbing Peter to Pay Paul – The Wachovia-Citi Deal cont’d

Posted October 2nd, 2008 by Sidd | 1 Comment

Continuing my previous post on the citi-wachovia deal and some comments from me and others on that post at seekingalpha, here is what is known so far.
At the end of the year we will get proxy statements and will be able to vote on the deal. I sure as hell am not voting for it [...]