Senator Bernie Sanders Urges President to Name Elizabeth Warren to Head Consumer Protection Agency

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But the big number is the iPad sales. Apple moved 3.27 million units in Q3 2010, the first quarter they’ve reported sales. Yes, the iPad almost outsold the Mac — and that’s on record sales for the Mac.gucci
All that being said, Apple’s gross margin did fall slight to 39.1 percent, versus 40.9 percent a year ago. Part of this is likely due to the iPad, which Apple is selling for relatively cheap (by its standards).But the big number is the iPad sales. Apple moved 3.27 million units in Q3 2010, the first quarter they’ve reported sales. Yes, the iPad almost outsold the Mac — and that’s on record sales for the Mac. <!-- /* Font Definitions */ @font-face {font-family:??; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-alt:SimSun; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 135135232 16 0 262145 0;} @font-face {font-family:"\@??"; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 135135232 16 0 262145 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; text-align:justify; text-justify:inter-ideograph; mso-pagination:none; font-size:10.5pt; mso-bidi-font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:??; mso-font-kerning:1.0pt;} /* Page Definitions */ @page {mso-page-border-surround-header:no; mso-page-border-surround-footer:no;} @page Section1 {size:612.0pt 792.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} -->

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Apple posted a revenue of $15.7 billion for the quarter (again, a new record — beating even holiday quarters). And net quarterly profit was at $3.25 billion — $3.51 per diluted share. All of those easily beat both Apple’s own (always low) estimates, as well as Wall Street’s.

Apple sold 3.47 million Macs during Q3 — again, a new quarterly record. The company sold 8.4 million iPhones, which was down slightly from the 8.75 million they sold last quarter. But remember, that’s before the iPhone 4 (which went on sale just
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prior to the end of the quarter) and many customers likely held off on purchasing the iPhone 3GS to wait for the new iPhone. The company also sold 9.41 million iPods in Q3. This number continues to decline on a year-over-year basis as it’s being eaten by Apple’s other products, like the iPhone.

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But the big number is the iPad sales. Apple moved 3.27 million units in Q3 2010, the first quarter they’ve reported sales. Yes, the iPad almost outsold the Mac — and that’s on record sales for the Mac.
All that being said, Apple’s gross margin did fall slight to 39.1 percent, versus 40.9 percent a year ago. Part of this is likely due to the iPad, which Apple is selling for relatively cheap (by its standards).
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Of note, Apple CEO Steve Jobs chimed in with: “we have amazing new products still to come this year,” in the release. He also reiterated that the iPhone 4 was the most successful product launch in Apple’s history.

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Some of us taxpayers remember what the banking system in this country is for, to provide credit as the foundation of an expanding economy that benefits all. Remember, a rising tide lifts all boats? Anyone familiar with the banking sector would also realize that Elizabeth Warren is regarded as the scourge of the industry. She is an Ivy League academician with no real understanding of, let alone affinity for, banks. As Chairman of the TARP oversight committee, she appeared on every TV show that would provide her with face time and stated that she couldn't get a straight answer as to where all that taxpayer money had gone. Of course that was complete hooey since the banks had issued the Treasury preferred stock which said banks were already paying dividends on. And this was the case whether the bank actually wanted/needed a TARP injection or not. Oh yes, there were banks that the Government forced to take an injection in order that the common citizen not be able to differentiate between the healthy and the troublesome. Kind of a modern day version of a Bank Holiday.

The Banks have been the favorite whipping boy of the Left for the last couple of years. The culmination of the thrashing being the mish-mash legislation known as FinReg which ye testosterone challenged Prez will be signing today during a big bash at the White House. Much of that legislation is left to the regulators to interpret. Appointing Elizabeth Warren to the Consumer Protection Bureau is akin to one cutting off one's nose to spite one's face. One assumes that even the confused souls of the Far Left would prefer a healthy banking system, Doctors Roubini and Krugman excluded of course.

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