Sean Egan Quotes (6 Quotes)

With such a low premium of 4 percent to the prior day's close and the fact that there is a significant breakup fee of 225 million, it doesn't give us much comfort that investors are being protected, ... There has been a huge turnaround among the credit card issuers over the past three years, and with MBNA being acquired, there's some scarcity value for Providian. But their shareholders are not getting it.

we are in a pricing war for vehicles that fewer and fewer people want to buy as gasoline prices continue to rise.

It's one thing to buy an S.U.V. when gasoline prices are at 1.80, it's an entirely different matter to buy them when they are over 2.70. G.M. and Ford have no alternative but to boost the discounts to maintain their sales,

Moody's chairman, Clifford Alexander, was on the board of WorldCom up until last year, ... The biggest bankruptcy in U.S. history, and the chairman of Moody's was on the board. There's no way that should happen. He also shouldn't be on the board of the National Association of Securities Dealers. They're supposed to be independent.

It's crazy. There's no reason why a couple of private firms should be given market information ahead of everybody else.

We think the consolidation in the banking business is going to accelerate. The reason for consolidation remains as strong as ever. It is a national market. It's no longer a regional market.