Posted On: 04/28/2016 3:45:42 PM
Post# of 22940
Ahh, good ol' Washington politics. lol! From everything I have read, he is alone in making his stand. IMO, he does not have the authority (legally or ethically....if there is such a thing with politicians) to not act on nominees to fill the board.
With that in mind, with the economy still on shaky ground and US companies struggling per the latest economic data, I do not think Sen. Shelby will be able to hold out. The big companies listed in that article will complain loudly and perhaps threaten to move some business portions/operations offshore (and most importantly threaten to withhold campaign contributions! lol). I think in the end, some serious pressure will come to bear on the Senator and along with some backroom deals and negotiations, he will change his stance.
There are ALWAYS ulterior motives in such strong political actions like this. We likely won't know all of those motives....if at all. But, my bet is that it will be resolved and the EX-IM board nominations will proceed. The million dollar question is: "when"?
With that in mind, with the economy still on shaky ground and US companies struggling per the latest economic data, I do not think Sen. Shelby will be able to hold out. The big companies listed in that article will complain loudly and perhaps threaten to move some business portions/operations offshore (and most importantly threaten to withhold campaign contributions! lol). I think in the end, some serious pressure will come to bear on the Senator and along with some backroom deals and negotiations, he will change his stance.
There are ALWAYS ulterior motives in such strong political actions like this. We likely won't know all of those motives....if at all. But, my bet is that it will be resolved and the EX-IM board nominations will proceed. The million dollar question is: "when"?
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Let blockheads read what blockheads wrote.
Risk comes from not knowing what you're doing.
The investor of today does not profit from yesterday's growth.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
If a business does well, the stock eventually follows.
- Warren Buffett
Risk comes from not knowing what you're doing.
The investor of today does not profit from yesterday's growth.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
If a business does well, the stock eventually follows.
- Warren Buffett
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