Investing Adventures » Gasoline http://investingadventures.com Having Fun with Options Sat, 27 Mar 2010 11:14:42 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Lehman Posts Loss, AIG Finds a New CEO, Mexican Gas? http://investingadventures.com/2008/06/lehman-posts-loss-aig-finds-a-new-ceo-mexican-gas.html http://investingadventures.com/2008/06/lehman-posts-loss-aig-finds-a-new-ceo-mexican-gas.html#comments Mon, 16 Jun 2008 13:11:36 +0000 Jorge http://investingadventures.com/?p=495 Busy weekend this weekend, eh?  First on the docket is the financial sector.  Lehman this weekend had some sort of secret meeting with its board.  Remember the last time a financial met secretly over the weekend (Hint:  BSC!)?  Over the weekend, LEH has officially removed their COO and CFO and may be in talks to sell the company.   Blackstone I believe purchased a 30% stake or is looking to purchase a stake in the company.  This morning, LEH posted it’s first ever loss coming in at a whopping $2.8 billion.

More news on the financial front involves AIG.  Over the weekend, AIG CEO Sullivan was removed and replaced by a former Citigroup executive and current AIG chairman, Robert Willumstad.  No clue about Willumstad, but apparently he may have ties to another former AIG CEO, Maurice Greenberg, whom I believe is currently under investigation by the SEC.  In any event, I’m sure all three will prosper handsomely hah!

Finally, not only is medication cheap in Mexico, but so is gasoline.  San Diego folks are actually traveling to Mexico just to fill their gas tanks.  Scary stuff if you ask me.

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