Bogus Headlines, Big Opportunities
I just had to write this up for the front page today, even though I had to mention several companies I'd love to own at today's prices.
"Lending is the lifeblood of commerce!" the press and pundits shouted. Politicians and sweaty-looking bureaucrats like Hank Paulson and Ben Bernanke brushed aside disagreements by saying, "Sure, it's disagreeable to bail out so many rich financial types, but really, we're doing it for you, not for them!”
Banks, or so the story went, were merely the tip of the iceberg. If we let all the Citigroup (NYSE: C) types get hurt, they'd stop lending to the Church & Dwight (NYSE: CHD) types, and soon, no one would have access to baking soda, Brillo pads, or condoms!
But I really believe this, and unlike some of the talky-no-walky types around, I'm putting my money where my mouth is.
But let's note, the editors (they work hard to keep me out of trouble) had a bit of a problem with one of my original lines as written. What I said was, I'd eat a half dozen floor tacos from that one rat-infested Taco Bell if YUM! Brands found itself strapped for cash.
I guess they didn't remember this: