Top Videos of the Day: Home Depot, FDIC & More
Foreign companies are buying more American companies and the CEO of Home Depot comments on the economy. Following are today's top videos:
Foreigners Buy America's Dream
"I don’t think we should be necessarily worried about the Russians coming. Perhaps to be more worried about the state of the U.S. industry, the state of the U.S. capital, where the need to attract capital comes from all over the world.”
--Dennis Berman, The Wall Street Journal
Do-It-Yourself Economy
“We’ve got a terrific group of associates -- over three hundred thousand associates and a great corporate culture. Part of the effort last year has been unleashing that corporate culture. We have a lot of knowledgeable and tenured associates, we’ve hired master plumbers and electricians for our stores. We feel good about that and we can see that in our customers.”
--Frank Blake, Home Depot, Chairman and CEO
Bank on the FDIC
“I think it’s very important for people if they talk about individual institutions, to be very careful about what they say. I never comment on open operating institutions. For the average depositor, they should not worry about the market noise and information -- some of them are probably inaccurate -- about which banks are healthy and which ones are not.”
--Sheila Bair, Federal Deposit Insurance Corporation (FDIC), Chair
Stop Trading, Listen to Cramer!
“I believe in Ken Lewis. Ken Lewis would have never said that Countrywide is a accretive unless he had really scrubbed his numbers. Last I looked, Ken Chenault made a major mistake going into this business. I think he’s not a good lender -- Capital One is a better lender -- I am very concerned that American Express has permanently tarnished its franchise.”
--Jim Cramer, CNBC’s Mad Money
