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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

Oh, What Tangled Webs We Weave

Oh, What Tangled Webs We Weave

Politics is certainly not for the faint of heart, or for the morally strong. A high profile Wall Streeter recently accepted a multi-year ban from the securities industry for an alleged kick-back scheme involving the New York State Common Retirement Fund. This is the same Money Man that was appointed by the Presidential Task Force on the Auto Industry to be the Auto Czar during the recent financial crisis. He is also married to the former National Finance Chair for the Democratic Party. He is also a close confident of Mayor Bloomberg and recently wrote a column for Bloomberg Businessweek. His ban and slap on the wrist fine of $5 million proves once again that politics pays. As the election hysteria comes to its crescendo, it is hard to get excited about any of the players. Political animals are looting our pension funds, our real estate holdings, and anything else they can get their hands on, with no end in sight. Republican, or Democrat, or Conservative, its time to "throw the bums out".
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.