Sunday, April 19, 2009

Interesting Fact - CBS Evening News - Just another day in the mortgage mess

Tonight I was watching the CBS evening news, and one of the stories talked about two women who ran a bank in Iceland. The only bank to have not failed in Iceland's financial collapse was ran by two women. In addition, the reporter mentioned a France study that stated, the higher the ratio of women in the upper ranks, the better the company does.

What is interesting here, back on March 9th, I had asked, "how many of these failed banks were run by women in the United States?" The answer is none! Women are amazing people and should be given the opportunity to dominate in the financial marketplace, especially after this financial mess. As the two women of the Iceland bank stated, "If we don't understand, we're not buying it." Why couldn't this have been the motto for all financial institutions these past ten years?

In addition to this, I saw on Fox News that President Obama is going to use his popularity to help Chris Dodd. President Obama apparently stated Chris Dodd has run into a rough patch. This seems so hypocritical to me. The GM President seemed to have run into a rough patch, and look what President Obama did to him. Why is President Obama helping Chris Dodd? It is not making sense. I guess transparency does not apply here. I was just thinking about this today.

I really hope this crisis ends soon. It is really stressful. All we can do is remain hopeful and confident. I am reading a book about Jaime Dimon right now. Thus far, I like it a lot. When I finish, I will let you know what I think.

Stay tuned...I have more to share. Just another day in the mortgage mess!