Loved this fellow- John. Works for the Harvard Business Review. Hey Boca, why don't you write something for the HBR? Hey kid, I'm too busy blogging about hot dogs and such.
Hey, what does the Federal Reserve Bank of Chicago do? It is one of 12 regional Reserve Banks across the U.S.- together with the Board of Governors in D.C. serve as the central bank for the U.S. Yes, let's hear it for promoting financial stability. Yup, this bank participates in the formulation and implementation of national monetary policy; supervises and regulates state member banks, bank holding companies and foreign bank branches; and provides financial service to depository institutions and the U.S. government. It employees 1,289 employees and has 2,585 depository institutions in this district. And Bubs liked this statistic- 20 counterfeit notes are found per day. Bubba's old stomping grounds in the SS was Chi Town late 70's and early 80's. In 2010 this branch received and counted $41.5 billion and destroyed $4.4 billion in unfit currency. Hey, I thought Obama was doing a good job of that.
And how bout that U.S.Trust- you bet wealth and worth are not synonymous Yeah Yeah we are with the competitor Northern Trust so we were all ears hearing about MARKET VOLATILITY. Any insights gentlemen? And how about these past 2 weeks- that DOWNSIDE volatility. And now the U.S is downgraded. Wonderful. Bubba watches his IPAD and IPHONE like a crack addict in Hollywood. So what should our strategy be for our portfolio- for what is left of it!! Yeah sure "we will stay focused and maintain discipline through all of this". Ok Bubs, get a shoe box and let's just put what's left under the bed. What? Oh have to wait to a change in Washington to do that Boca- they just keep printing and printing. Have another Jack Black Bubs and cool down. It's a party.
And thank you Mike and his wonderfully talented sister Barb for preparing some scrumptious food. Your continual and constant kindness to my mom is appreciated. Have a great time in Spain with the ladies John. Safe travels and have one or many on me! And thank you Dawnie for introducing us to some of your very braniac customers. Really enjoyed meeting each and everyone. I am hoping there are some gals in the mix....ok I get it, no Barber Pole for them. I am curious about the percentage of ladies in the Chicago financial game?