American Express Co. (AXP)
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AXP Forum Topics
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- General Discussion on AXP
- Stop the Week, We Want to Get Off [view article]
- Comparing This Past Week to the '87 Crash [view article]
- Quitting the Hedge Fund Game - Mark Sellers [view article]
- Buffett's Berkshire: 14 Stocks That Have Gone Up [view article]
- American Express Calls Investment Banks' Bluff [view article]
- Tactical Asset Allocation, Part II [view article]
- Dow Changes Since Last Time at 10,000 [view article]
- Still Bullish on RIMM - Cramer's Lightning Round (10/6/08) [view article]
- Corporate Bond Market Grinding to a Halt [view article]
- Banks Scramble to Refinance Their Long-Term Debt [view article]
- Year to Date Performance of Dow 30 Members [view article]
- Options Trader: Monday Outlook [view article]
loading ...Recent AXP Articles
- Comparing This Past Week to the '87 Crash
- Quitting the Hedge Fund Game - Mark Sellers
- Stop the Week, We Want to Get Off
- Tactical Asset Allocation, Part II
- Dow Changes Since Last Time at 10,000
- Corporate Bond Market Grinding to a Halt
- Buffett's Berkshire: 14 Stocks That Have Gone Up
- Options Trader: Monday Outlook
- The Mess on Wall Street: $4 Trillion Down the Drain
- Pre-Market Trading in Financials
- Full List of Articles »
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Options Trader: Monday Outlook [view article]
So you are saying that like BSC, LEH and hundreds of other funds Phil lost money in this crash? Are you hounding all those people too? ReplyOptions Trader: Monday Outlook [view article]
What a tough day, oil reaching $130 for October on pure supply and demand fundamentals..., stocks tanking, panicking showing its ugly head, ald gold gaining a lot. The doomsayers had their day (week).I can't wait for the next article tomorrow to see what Phil makes out of this insanity.
Reply
Options Trader: Monday Outlook [view article]
Whose money was it? ReplyOptions Trader: Monday Outlook [view article]
Your last words "be very afraid"... I already am. Afraid that the $700 billion mega bailout is not going to be enough. Afraid that my kids and their grand kids will still be paying to bailout the Wall Street casino playes, who should be in jail.I'm really afraid that all we'll do is buy time (another few years) instead of fixing the problem: let the unscrupulous private banks fail and work on protecting the credibility of the governement itself and the dollar (what's left of it). Of course it's painful, but at least future generations will be (should be) freed from this deadly derivative virus.
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The Mess on Wall Street: $4 Trillion Down the Drain [view article]
Simple history repeating itself.1) Enron accounting
2) Tolerated by lax GAAP rules
3) Violating unenforced regulations
4) Fraudulently and deceptively hyper-inflating company "values"
5) Paying hundreds of millions in bonuses and salaries
6) Saved by hypnotized Americans watching "reality" TV
7) Watching executives retire to their tropical islands with their fortunes in tact.
It's the perfect scam if you're the artist or at least have a bit part.
To paraphrase the old, popular movie line... "I see stupid people. They're everywhere." Or "I see thieves..." Take your pick. Or take them both. Reply
The Mess on Wall Street: $4 Trillion Down the Drain [view article]
Your graphic had Citigroup by mistake...oh, rats, I gave that one away too. Time travel can be quite confusing. I thought this was mid-October. ReplyThe Mess on Wall Street: $4 Trillion Down the Drain [view article]
You can be sure that cheshire-jovial Warren Buffett has had his fingerprints all over the AIG sub-prime business for the past 5-10 years. ReplyThe Mess on Wall Street: $4 Trillion Down the Drain [view article]
Well, let me add: Don't forget to mention that the CEOs and senior management of these companies made millions of dollars of profits/bonuses/salary over the past few years, and even if they don't get golden parachutes, they've already made their money. ReplyKnights
The Mess on Wall Street: $4 Trillion Down the Drain [view article]
"the real culprits were the CEOs and senior management of these companies who let greed blind them to make irresponsible decisions." -- KintAnd let's not forget the yes-men and cronies on the boards of those companies who were afraid to ask the CEOs hard questions and refuse to be satisfied with spun cotton-candy answers. Why didn't someone like John Akers, for instance, tell "the gorilla" to go climb a vine when he insisted on an unachievable price for Lehmans? Reply
ter
The Mess on Wall Street: $4 Trillion Down the Drain [view article]
...ANTI-MONEY has been canceling out all the PONZI-MONEY ever since the DOLLAR COLLIDER caused a DELEVERAGING BLACK HOLE that has sucked liquidity out of the ecomomy and caused an alleged RECESSION... ReplyThe Mess on Wall Street: $4 Trillion Down the Drain [view article]
Let's not scapegoat - the real culprits were the CEOs and senior management of these companies who let greed blind them to make irresponsible decisions..Reply
The Mess on Wall Street: $4 Trillion Down the Drain [view article]
Shouldibuyit...since you are unable to do this yourself, you go to Yahoo! and enter the symbol. They choose "key statistics". Oh, lookey here! It say WM is worth 3.94B.finance.yahoo.com/q/ks...
To all those that worry about the people (government) taking back their property (stocks, bonds, etc.) I can only ask "why"? The machine failed and you're getting back your assets for pennies on the dollar, without a revolution. If AIG, WM, BSC, LEH, FNM, FRE, MER, and others had stayed private, you would have had......what? Now you own them, for next to nothing, and the only thing you did not get was MER, and BAC stepped up and did the "blue blood" thing, and overpaid. We'll look back on this, ten years from now, over a burger, the five dollar one, not the $15 dolllar one, and laugh, laugh, laugh. Reply
gorilla
The Mess on Wall Street: $4 Trillion Down the Drain [view article]
I wish people wouldn't bash academics. When academics are chosen for leading positions in government, it's often on the basis of their willingness to do the politician's bidding. People chosen for those roles aren't necessarily "scholars seeking the truth no matter where it brings them".Just like scientists who, in order to pay the mortgage, follow the orders of the MBA's who pay them. Reply
The Mess on Wall Street: $4 Trillion Down the Drain [view article]
great post. your graphics are worth 1 trillion words.Reply
The Mess on Wall Street: $4 Trillion Down the Drain [view article]
Lets see, Greenspan POPPED the Internet Bubble on purpose by raising interest rate when there clearly was no inflation. This led to the tech crash & subsequent interest cuts to almost 0%. He kept interest rate low too long & encouraged the housing bubble to bail him out of the mess he caused. He should have called for toughening of the lending guidelines when he testified before Congress but didn't. Greenspan & Congress are prime suspects in the mess that we are in.Cox at the SEC is another academia with no clues what so ever. They need to make a move now to ban naked shorting to put a floor under the financials.
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