Seriously, if a corporate executive of a huge bank endorses a republican in a time of financial crisis, its a liability.

Well, but that’s sort of the point, no? For a fiscal conservative like McColl to suggest that he thinks Obama would be better for the economy is news because of the unexpected nature of it.

It would be the same if a former president of the Sierra Club endorsed McCain because he/she thought he’d be better in a time of environmental crisis.

Are people going to accuse Obama of being Wall Street’s candidate now?

No, because guys like McColl usually don’t back the Dem.

Well, he *is* a Wall Street candidate. So is McCain. Neither man showed true leadership in a time of financial crisis. They bailed out their friends, their friends’ business associates, and themselves. They radically increased the scope of the federal government and ensured that our grandchildren will be saddled with debt. At this point I’d be equally happy writing in Justin’s name on the ballot than showing support for these pretenders. Ah, sometimes it is good to revel in one’s own political disaffection.

I saw what qualities make effective leaders. I see them in Obama: a sharp intellect, stiff spine and steady hand.

…and someone who I can mold like putty in my hands. MUWAHAHAHAA

Seriously, if a corporate executive of a huge bank endorses a republican in a time of financial crisis, its a liability. Are people going to accuse Obama of being Wall Street’s candidate now?

NEW YORK (Reuters) – Bank of America Corp, citing “recessionary conditions,” on Monday halved its dividend and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses.

The largest U.S. bank, which has worried some investors over the past year with big ticket takeovers of mortgage lender Countrywide Financial Corp and investment bank Merrill Lynch & Co Inc, also said quarterly earnings slid a steeper-than-expected 68 percent.

Bank of America, whose shares were down nearly 9 percent in extended trading after the surprise announcement, had been seen as one of the industry’s pillars of strength but the results and accompanying moves to bolster its capital, showed that it too, is struggling with the credit crisis.