The Five Dumbest Things on Wall Street This Week #4

Coming in at number 4 this week after dropping out of the top five for a couple of weeks Calpine once again makes it presence known on Wall street or Pink Street an ally off Wall street where stocks that have been kicked off the New York Stock Exchange hangout. The fact that it made it on to the top 5 is indicative of a slow news week on the street as it is the week before Christmas. The bankruptcy of Calpine having been predicted by many for some time now.

In the first day of motions in court Calpine received approval to continue employee compensation and benefits including performance based wage increases. This caused me to scratch my head while rushing to the bank and simultaneously updating my resume.