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Wednesday, May 6, 2009

I have an idea. Let's outsource toxic assets. ( $BAC $INFY $EEM #MARKET )

Outsourcing is going to get a lot more expensive in 2011 when Obama’s corporate tax expenditure changes kick in.  The cost of outsourcing ops will effectively double.  (

Several (and probably all) large multinational corporations have their operations structured to take advantage of the tax codes Obama is looking to abolish.  (

… will the administration wind up shifting the job losses to emerging nations?

Sources say Bank of America needs $33.9 billion in capital. ( That's funny, I could have sworn I saw Ken Lewis say they need none a week ago. The stock has had a 25% swing from trough to peak already this morning.

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