Thursday, April 23, 2009

Headline of the Day

Below the fold from the Financial Times (am traveling for work in the UK this week, so that helps explain the lack of posts) from this piece by Gillian Tett:
Cadbury Schweppes is currently deemed a better credit bet than the British Treasury.
Would any of my readers (ok, there aren't they many of you) like to work on a list of U.S. companies that are better bets than the U.S. as credit risks? Oh, wait - the Treasury OWNS ever private company in the U.S. now anyway......

My initial list would include Berkshire Hathaway, Microsoft, Exxon Mobil, and GE. And probably the UAW as long as Obama is in office and Lockheed Martin as long as the Republican Party still exists.

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