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Hell yes, is America a great country or what? After an arduous day of mostly sitting on my ass I was rewarded with a one one hundred millionth share of a huge, lumbering, mismanaged, American insurance corporation. Say what you will you detractors of this great country of mine but I am now a stockholder. While you hide away in your caves plotting evil me and a hundred million of my closest tax paying friends are pulling ourselves up by our bootstraps and pitching in to save this country from certain economic doom. Some of us may choose to cash in our stock and run but others of us will have a bake sale in front of Walmart. We will raise money. We will buy more stock.
I will soon need to write this stuff down but for now my portfolio is pretty simple. I have me a little Bear-Stearns, some of that Freddie Mac and Fannie Mae, and yesterday I added AIG. You can argue that a portfolio full of failures is a fool’s portfolio but about that I have this to say--I don’t think so.
There was a time...excuse me, I have a phone call...
It was a solicitor wondering if I would be interested in three million foreclosure properties. I said to the man, with no little bit of pride, that I was perhaps too heavily loaded with real estate and would first have to check with my investment manager, the government of these United States of America, and see if there is any money left in my account to invest.
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