Ackman Makes His Charlie Rose Debut
I have often poked fun at Pershing Square hedge fund manager Bill Ackman for his frequent media appearances, but have been warming up to him in recent weeks. After all, we could do a lot worse, like listening to the endless parade of clowns on CNBC, or even following some of my worthless musings.
While he can appear a bit too smug for me, he checked his ego at the door yesterday for his first appearance on Charlie Rose. He is an eloquent spokesman for Hegistan, and subtly points out the unintended consequences of Paulson’s desire to protect the banks and financial stocks by wiping Hedge Funds off the map.
Paulson succeeded in his scorched earth campaign, but has turned us all into losers with his idiotic moves.
All I can say is, be careful what you wish for.
Hedge fund selling should keep this market in the toilet until the New Year. And, as Ackman points out, there are some tremendous bargains out there, but nobody is in a position to buy anything thanks, in part, to Hank.
A must view, including Ackman’s plan to fix up General Motors (GM-NYSE), and a good discussion of permanent capital, something only Warren Buffett seems to have.
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Eric Bolling Named Co-Host of FBN’s Happy Hour
Fox Business Network has finally found a home for Eric Bolling, who has been underutilized since signing on with Ailes et al.
He will be broadcasting daily from the Bull and Bear, which presumably has a parking space large enough for his Maybach:
Eric Bolling will join Cody Willard and Rebecca Diamond as co-host of FOX Business Network’s (FBN) Happy Hour, announced Kevin Magee, Executive Vice President, FOX News.
Happy Hour (5PM-6PM ET) is a daily business news program set inside the Bull & Bear bar at the Waldorf-Astoria Hotel in New York City that provides irreverent banter on the day’s market activity in a lively open forum atmosphere.
In making the announcement, Magee said, “Eric’s knowledge of the markets and energy issues has been instrumental to us during this historic time in our nation’s economic history. I am pleased he’ll now take on a new role at FBN as co-host on Happy Hour.”
Bolling added, “Happy Hour is a dynamic show that takes the headlines and market reactions and turns them into useful and intelligent information. I am excited to take on this new role as co-host.”
Since joining FBN in March 2008, Bolling has served as a contributor providing daily commentary to Money for Breakfast, America’s Nightly Scoreboard and Happy Hour, among other programming. Bolling is also an independent trader based out of the New York Mercantile Exchange (NYMEX) specializing in trading commodities such as crude oil, gold, and agricultural commodities.
Prior to this, Bolling served as a CNBC contributor for two years, where he was a panelist on Fast Money. He also was the recipient of the Maybach Man of the Year award at the Trader Monthly Awards in January 2007.
Lets hope Eric has some pull with the bookers, tapping his rolodex would bring a diverse and talented group to the 5pm show.
Fox Business Network
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The content contained represent the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author.
CHANGE.GOV Launches
Looking for some direction during the transition period? Or just want to voice your opinion for the next Treasury Secretary?
President Elect Obama’s new site is here for you:
Throughout the Presidential Transition Project, this website will be your source for the latest news, events, and announcements so that you can follow the setting up of the Obama Administration. And just as this historic campaign was, from the beginning, about you—the transition process will offer you opportunities to participate in redefining our government.
Come back often as we define new programs and possibilities to engage and be part of this administration.
He gets the web, no doubt about it. Getting something done is a different matter...good luck Mr. President. I would guess he will sport gray hair by March 2010.
Change.gov
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More BAC/MER From 60 Minutes
I have serious doubts about Ken Lewis and his M&A skills...will these deals turn out to be a disaster?
Merrill Lynch (MER-NYSE) employees might want to check out his comments that were edited out of the 60 minutes piece that ran on Sunday.
Predictably he is trying to set up a horse race, refusing to hand the reins to John Thain, at least publicly.
Check it out...its short and sweet
Ken Lewis Tells Lesley Stahl: John Thain Is Not Heir Apparent
Woman on the Web
