Comments on Dan Walker's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/dan-walker/articles http://seekingalpha.com/article/126138-on-valuing-toxic-assets-and-aig-bonuses?source=feed#comment-427786 427786 Mon, 16 Mar 2009 12:28:52 -0400 (Bugger Off, Irish Drinking Song)
WilliamBanzai7

HAPPY ST PATRICK'S DAY 2009

Sing along: www.youtube.com/watch?...

Chorus:
So bugger off, you Wall Street bastards bugger off! (Fook Yu!)
Bugger off, you deadbeat bastards bugger off! (Fook Yu!)
Like a herd of bloody swine that refuse to leave the trough
You'll get no more this evening so you bailout bastards bugger off

AIG you've been a lovely bailout zombie, but oh the time does pass.
So don't you all be bettin' the Feds won't kick you in the ass.
You've been a splendid bailout basket case, but enough is enough.
We'd take it very kindly AIG if you'd all just bugger off!

Chorus

Here's to all the bankers and lawyers who've been servin securitized beers,
and puttin up their knoxious greed and their stupid drunken schemes.
So leave your money on their table when you go,
tomorrow you'll have a sorry head and nothin left to show

Chorus

Here's to all them bailout bag ladies who might be waitin with pans in their hands,
and thinkin one of them might make a charmin one night stand.
Please don't be offended girls this song is not for you.
Uncle Sam will be happy to oblige you to get this nasty job through.

Chorus

So Timmy G you've been promisin these bailout bag ladies a night of lovin bliss,
but truth be told your far to drunk on bailout swill to stand up straight and piss.
So give it up you lousy sod you'll not be gettin laid.
and the sooner that you're out the door the sooner Uncle Sam will get repaid.

Chorus

So bugger off, you Wall Street bastards bugger off! (Fook Yu!)
Bugger off, you deadbeat bastards bugger off! (Fook Yu!)
Like a herd of fooking swine that refuse to leave the trough
You'll get no more this evening so you bailout bastards bugger off



]]> http://seekingalpha.com/article/126138-on-valuing-toxic-assets-and-aig-bonuses?source=feed#comment-427431 427431 Mon, 16 Mar 2009 09:34:03 -0400
Re: AIG employee bonuses.

Set up Employee executive bonus trust fund, collateralize with assets of portfolio consisting of MBO created during the bonus earned period, payout of fund over future time is contingent upon liquidation values of the MBO and to the extent that such portfolio ultimately realizes the original AIG valuation on the securities. Have all execs sign releases of any other liability of the corporation and agreement to the trust payout as a requirement for continued employment as well as a new going forward employment agreement negating any future bonus plans until the corporation is back functioning profitably(essentially the same waiver as execs signed in Nov. 2008 on original TARP doc.).

Will satisfy legal problems with contracts, put the execs bonus contingent upon the value of the business they generated for AIG during the measurement period of the bonus itself, and prevent the payout of taxpayer funded bailout money.

]]> http://seekingalpha.com/article/126138-on-valuing-toxic-assets-and-aig-bonuses?source=feed#comment-427423 427423 Mon, 16 Mar 2009 09:29:57 -0400
Here's top 10 Stocks for the Recovery from America's Leading Advisors.
[url=top5stocks.blogspot.co... ]Top 10 Stocks For 2009 [/url]
]]> http://seekingalpha.com/article/117299-bad-bank-or-bad-plan?source=feed#comment-370292 370292 With every Seeking Alpha short screaming bloody murder at the Bad > Bank approach, it must be a very good idea.]]> Thu, 29 Jan 2009 15:33:13 -0500
What a p00n. Canned response much? wanker.

seekingalpha.com/user/...



On Jan 29 07:52 AM Ranchr wrote:

> With every Seeking Alpha short screaming bloody murder at the Bad
> Bank approach, it must be a very good idea.]]> http://seekingalpha.com/article/117299-bad-bank-or-bad-plan?source=feed#comment-369785 369785 Thu, 29 Jan 2009 09:53:23 -0500 http://seekingalpha.com/article/117299-bad-bank-or-bad-plan?source=feed#comment-369617 369617 Thu, 29 Jan 2009 07:52:08 -0500 http://seekingalpha.com/article/117299-bad-bank-or-bad-plan?source=feed#comment-369616 369616 Thu, 29 Jan 2009 07:49:59 -0500 http://seekingalpha.com/article/98159-shorting-ban-thinning-of-the-herd-or-just-plain-bs?source=feed#comment-272356 272356 Fri, 03 Oct 2008 02:07:37 -0400 Me: You are absolutely correct.
You: "I believe there are larger dynamics at work."
Me: You are absolutely correct.
You: Everything else you said.
Me: WTF? At first I would think you were some kind of retard, yet your somewhat spirited input had some misdirection to it. So I can only think you are a tool.

Clark Jenkins]]> http://seekingalpha.com/article/97144-an-alternative-bailout-proposal?source=feed#comment-264822 264822 Thu, 25 Sep 2008 11:19:27 -0400



To: the many people I know who are on my email lists
I don't know who this guy is. But it kind of makes you think......

The Birk Economic Recovery PLan

Hi Pals,

I’m against the $85,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving $85,000,000,000 to America
in a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000
bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man,
woman and child. So 200,000,000 might be a fair stab at adults 18
and up..

So divide 200 million adults 18+ into $85 billon that
equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a
We Deserve It Dividend.

Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their
pocket. A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your
family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care
improves
Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including
the folks who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our
Armed Forces.

If we’re going to re-distribute wealth let’s really do
it...instead of trickling out a puny $1000.00 ( “vote buy” ) economic
incentive that is being proposed by one of our candidates for President.

If we’re going to do an $85 billion bailout, let’s bail
out every adult U S Citizen 18+!

As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it
up.

Here’s my rationale. We deserve it and AIG doesn’t.

Sure it’s a crazy idea that can “never work.”

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85
Billion We Deserve It Dividend more than I do the geniuses at AIG or
in Washington DC.

And remember, The Birk plan only really costs $59.5 Billion
because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.

Kindest personal regards,

Birk

T. J. Birkenmeier, A Creative Guy & Citizen of the
Republic
PS: Feel free to pass this along to your pals as it’s either
good for a laugh or a tear or a very sobering thought on how to
best use $85 Billion!!




]]> http://seekingalpha.com/article/97144-an-alternative-bailout-proposal?source=feed#comment-264547 264547 Thu, 25 Sep 2008 08:18:16 -0400
I like the idea except, I do not trust govt. with the SS trust fund??

How about taking the $700B (and any other funds that will inevitably be approved for similar purposes) and dividing it equally into every tax payers retirement accounts (if you don't have a retirement account, get one). as it looks like the initial payout to the American tax payor(s) would be about $5,200.00 each. The(se) dollars MUST stay in American tax payor(s) retirement account(s), placed ONLY in American owned and operated banks, and can ONLY be invested (by the banks) in wholly owned and operated American company(s) that employ ONLY tax paying American citizens.

NOTE: We will have get used to being a manufacturing based economy again, that PRIMARILY NOT EXCLUSIVELY produces and consumes it's own products. Sorry this fantasy of not manufacturing anything and letting others do the low wage work (manufacturing) so we can indulge ourselves with low cost products, and in return we get to have only high paying hi-tech jobs, and provide the world economy with financial support services only, was an ill conceived fantasy has turned into our nightmare!

Under this plan we accomplish several goals.

First, we acknowlege that we need to get back to a balanced manufacturing/service based economy that really works.

Second, we acknowledge that we need to have more equity invested into our economy by saving and investing and not just spending every last penny we make on payday! This bailout money MUST only be used for investing in America, and not spent on crap we imported from other countries. Remember the $300.00 check we just got to spend any which way we want, we can't do that again!

Third, the banks get the liquidity they claim to need, and the tax payors get something to counteract the inflation we are about to create.

This is a very simple plan of manufacturing and consuming our own products, which will allow the service industry(s) to flourish, and for us to collectively and safely have the financial resources to provide for ourselves with the education and proper health care we desire.

The part of all this plan some Americans are NOT going to like is having to give up the "etitlement" attitude. This attitute and the politicians who pandered to it, along with the citizens who allowed it to flourish (which in one form or another is ALL of us), is the very core reason we are in this position. If we have the courage to let go of our fears and embrace our faith in society, we can and will overcome.

The ulternative is to continue down this path headlong into the financial and social ruin of our great nation, with the end result being poverty and suffering for all.

Consider all we have been through as a nation and look at the results of our decisions. Forget the politics, and let go of the blame.

]]> http://seekingalpha.com/article/97144-an-alternative-bailout-proposal?source=feed#comment-264124 264124 Wed, 24 Sep 2008 18:40:18 -0400 If they really wanted to fix the problem they would simply expand the FHA insurance to cover all single-family mortgages funded before Dec. 31, 2007. Then force the banks to renegotiate the sub prime mortgages to a fixed rate 3 to 4 % 20 years mortgages, which would be 2% over Prime and 85 to 90% of the homeowners, would be able to afford. This would stabilize the mortgage market; reduce the liability to the taxpayers, which would beneficial to both Wall Street and Main Street. But this is just to simple therefore it will never happen.
]]> http://seekingalpha.com/article/97144-an-alternative-bailout-proposal?source=feed#comment-264031 264031 Wed, 24 Sep 2008 16:57:12 -0400 Wind-Fall Capital Gains Tax of 65% on SHORT SALES!
They thought they were doing the right thing as 'market oversight' so - LET THEM HELP PAY FOR THIS!]]> http://seekingalpha.com/article/97144-an-alternative-bailout-proposal?source=feed#comment-264016 264016 Wed, 24 Sep 2008 16:48:09 -0400
If they did this (unlikely), they should do it in one big spree. The Democratic counter-proposal to Paulson's plan essentially allows the government to buy equity over time --- however, the equity will gain in value and have much lesser upside as the Feds buy the assets. It's better just to negotiate a low price right now that will keep the institutions liquid and potentially make a decent return. ]]> http://seekingalpha.com/article/97144-an-alternative-bailout-proposal?source=feed#comment-264000 264000 Wed, 24 Sep 2008 16:37:02 -0400 Swaps

Congress should not gallop ahead at full speed to fix in 48 hours a problem that has been building for years.
Paulson and the government until now have favored funneling the money into the top, instead of starting at the bottom.
Amounts from $300 to $1,200 were given away as a tax refund. The government giveth.
But I calculate the $700 billion bailout Paulsen requests for Wall Street comes out to $9,333 - before interest - for each of the roughly 75 million tax paying households in the U. S. Of course, the cost for the previous takeovers and bailouts swell the per household tax bill even higher.
Why not have Congress give the $9,333 instead to each house hold, with the restriction it could be used to only pay down debt or save in a financial institution or one of the identified financial services stocks. People in debt would repay lenders, which would help both. And people not in debt would invest savings or stock in the financial system, helping to build liquidity. The savings or investment would be restricted from withdrawal for at least five years, for stability. Financial systems that can't be helped by this plan because they are too far gone would be allowed to go bankrupt under the cleansing mechanism of Darwinian free market forces.
Congress has to realize the current $700 billion mess is just the latest in a series of crises still to come. That is how it has been playing out all year.]]> http://seekingalpha.com/article/97144-an-alternative-bailout-proposal?source=feed#comment-263996 263996 Wed, 24 Sep 2008 16:32:35 -0400 http://seekingalpha.com/article/97144-an-alternative-bailout-proposal?source=feed#comment-263985 263985 Wed, 24 Sep 2008 16:13:12 -0400