Friday, June 19, 2009

Life is good for the "Bailed Out"

(Reuters) – Chief executives of some banks that received federal money, including Bank of America Corp, Morgan Stanley and Regions Financial Corp, used company jets for their personal use, the Wall Street Journal reported on its website.

Flight records showed many occasions when banks receiving federal money flew their planes to destinations near resorts or executives' vacation homes in Europe, Mexico, the Caribbean, south Florida and Aspen, according to the paper.

I don't know about you but I'm lighting my torch, sharpening my pitchfork, and buying some rope!

No good setups today and trading should be weird after options expiration so I will be watching the market from my beachfront cabana.