Chrysler Headed for Bankruptcy

Shareholders of Bank of America (NYSE: BAC) voted in favor of Ken Lewis, chairman of the board is eliminated. But he remains as CEO, at least for a while. What Lewis was attacked, I must admit that something of a victim.

Now not wrong. I have no sympathy for the CEOs of the companies in debt and mismanagement of their greed on Wall Street Boom. And Lewis was there and the rest of them.

But the takeover of Merrill Lynch and events, it is clear that Fed Chairman Ben Bernanke and former Treasury Henry Paulson has hung to dry. In other words, I think, Lewis claim that Bernanke and Paulson very well armed and closed the purchase of Merrill and encourages him to keep his mouth about 15 million U.S. dollars in the fourth quarter loss Merrill.

The only question - and go right to the fundamental question is - why has Lewis play ball? I was told that shareholders will be furious. And this is the point - finally, managers work for their shareholders. Directors-General of the Bank, and largely forgotten or deliberately ignored when they did their duty.

***** I am very happy to recommend dumping Hovnanian (NYSE: HOV) lanes on the right to reimbursement of 30% before it goes to $ 3, as expected. Sorry for the sarcasm, but perhaps the most difficult aspect of investing is maintaining its forecast of an uncertain market.

Maybe you remember when previously established Hovnanian broke resistance at $ 2, $ 3, he said quickly. But when I was a little fake head movement Hovnanian under $ 2, the first outbreaks bad idea. No

I will not make the same mistake with Graham Corp. (AMEX: GHM) s.

***** The last function of the recommendation SmallCap Investor Pro, a shipping company, moving much higher than the global economy as it recovers. The company's huge profits and 11% today SmallCap Investor Pro readers are 36% and the total inventory.

Send files are a good indicator of the global economy because there is much room for companies to increase profits by reducing costs, reducing - the rental of ships or not.

In future, the shares follow global economy shipping. If the recovery continues, the NOK of the summit. For more information about how my first choice, click here to send.

***** Chrysler are moving towards bankruptcy. Although I am sure there are other companies that we want (in the bankruptcy court, such as AIG, Citigroup), there are problems with Chrysler, making bankruptcy inevitable.

The first is that debt holders are willing to do. Chrysler is not without concessions of interest, seals and beautiful destination.

***** I have a brief note that the S & P 500, the best month since late March 2000. 1552nd months was higher than in March 2000 was the year when the tech bubble began to implode. Is the S & P 500 seven years to return to that level. October 11, 2007, S & P 500 one days on a high 1576th