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  • JPMorgan Leads The Pack Of Overfunded Pension Plan Assets [View article]
    BTW, the most sensible thing they can do if they want to lower the excess is to not fund anything this year and/or next and the liabilities catch up over time with the assets. Earnings will look better since no cash flow is diverted to fund liabilities! Jack Welch as GE CEO was a master in managing earnings using their pension and other programs in the '90's!
    Nov 2 07:54 AM | Likes Like |Link to Comment
  • JPMorgan Leads The Pack Of Overfunded Pension Plan Assets [View article]
    An over funded pension is an ASSET...I disagree with the writer. If he ever was CEO, he'd know that. Another 2008 can come along easily and make it underfunded, because the AFTAP (Adjusted Funding Target Attainment Percentage) calculation requires a mark-to-market each plan year end.
    The law allows a cushion of up to 50%. An excess tells your employees and the public shareholders you act responsibly!
    I am delighted to own this stock, in spite of the DOJ witch hunt for the sins of Bear Stearns, WaMu, and the London Whale, et. al....Home Depot founder Ken Langone agrees as well!
    Nov 2 07:50 AM | 1 Like Like |Link to Comment
  • Here's Why JPMorgan Gladly Gave The Government 13 Billion Dollars [View article]
    rule of law is over!
    Oct 21 08:26 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Partners reports higher quarterly profit, distribution [View news story]
    Where is Keith Mc who? Hedge Eye taking it in the shorts, literally?
    Oct 17 06:35 AM | Likes Like |Link to Comment
  • Global shares fall after U.S. OKs short-term debt-budget deal [View news story]
    rollover our debt limit every 90 days can work until folks, especially foreigners, say enough! Wonder if Fido will go back into the treasury market?
    Oct 17 06:23 AM | Likes Like |Link to Comment
  • The mREITs Face Even Greater Headwinds - Avoid Them [View article]
    Is there any reason to buy a mREIT like Hatteras which only underwrites ARMs? As opposed to fixed 15 or 30 year paper? Grants has opined as to the difference in risk based on the business model. But since May, all have been clobbered...
    Oct 14 05:18 AM | Likes Like |Link to Comment
  • Why I Sold ConocoPhillips With Its Juicy Yield [View article]
    Not a bad missive since you are wearing a SF Giants hat, my favorite team since childhood...guess you have a lot of time to study COP since the Giant's anemic offense and even worse pitching has them in last place. Slow and steady wins the race sometimes.
    Aug 21 03:44 PM | 6 Likes Like |Link to Comment
  • Buy Annaly Over American Capital Agency? [View article]
    Grant's Newsletter suggests that HTS ( Hatteras) is a safer play because of its primary financing of adjustable rate mortages...what say you to that?
    Aug 19 04:48 AM | Likes Like |Link to Comment
  • "Fugitabout" the taper, tweets Bill Gross (BOND) as the lower budget deficit reduces the need for the Fed to buy so much government paper (Gundlach has said the same thing). "Focus on the policy rate." TLT -0.4%, TBT +0.8%[View news story]
    Lower deficit is from criminal activity and violation of the rule of law by the federal gov't in taking all profit from Fannie and Freddie and paying it to the Treasury but ignoring payment of preferred dividends to shareholders...How can this be?
    Jul 25 11:00 AM | Likes Like |Link to Comment
  • Buy Bank Of America Now: 5 Simple Reasons [View article]
    Any time litigation expenses drop from $2.2 billion in Q1 to only $471 million, that is a huge change....but if it still annualizes at $2 billion, that is still a lot!
    Jul 22 06:47 AM | Likes Like |Link to Comment
  • Chimera: Billionaires Are Invested In This Sub $3 Stock With A 12% Yield [View article]

    I have owned the piece of garbage in the past and when you own a public stock 3-4 quarters behind in filings, it is usually not a good sign...for Lee Cooperman to own it, he must have inside information of some sort that is technically not inside information, otherwise, why would he invest in such a non-transparent name...reading Grant's the other day, HTS is the best in the space, not cutting its dividend, and announcing a $100 million buyback. NLY and AGNC have been clobbered!

    Jul 10 08:19 AM | Likes Like |Link to Comment
  • Chimera: Billionaires Are Invested In This Sub $3 Stock With A 12% Yield [View article]
    How do you claim BV is $3.42 for a company that never files on time, or at all? Some of these billionaires also are long LINE or LNCO and that has proved a disaster for similar reasons: accounting irregularities!
    Jul 9 09:44 AM | Likes Like |Link to Comment
  • Can Genworth Make Enough Money In Long-Term Care Insurance? [View article]
    If I ran GNW, I would petition every state dept. of insurance for a massive 50% price increase, again and again, until my book was profitable enough to run off...seems the mortgage business sank the ship in 2008 too, remembering Barron's touting it as a value play $30 until it sank to less than $ it is a mere shadow of its former self so truly what is left? Any innovation?
    Are the same incompetents still running the mortgage business?
    Jun 18 05:48 AM | Likes Like |Link to Comment
  • Supervalu: Albertsons Sale Offers Potential For Fresh Start [View article]
    Nice turnaround after a bunch of idiots drove it into the this a text book case of "Awful to Average?" Similar to Winn-Dixie?
    Jun 18 05:40 AM | 2 Likes Like |Link to Comment
  • "It could be a shockwave when the bond market eventually turns," new JPMorgan (JPM) chief risk officer Ashley Bacon tells Tom Braithwaite. The reversal in the bond bull market has to be the most anticipated financial event ever, writes Braithwaite, but it's still likely to ensnare at least one bank. Will it rise up the pyramid to touch the giants? [View news story]
    When the concensus of cheer leaders on CNBC say the bull market in bonds in over, it likely isn't...other than the counter fitting schemes of global central banks, called money printing to appease the naive public, because if everyone is a net seller of bonds, who is going to step in and buy? Dumb retail investors in the US as all the anointed experts claim? But, they have been long bonds since 2009 and done quite well...perhaps if they do rotate out of bonds into stocks, it will signal a top in stocks instead, and the bull market in stocks will reset...but to where and into what?
    Jun 18 05:20 AM | 1 Like Like |Link to Comment