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The Worst Isn't Over Yet

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

Banker CEOs Lied to Congress

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

What Consequence Will FASB's Expected Approval Have on Mark-to-Market Accounting?

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

Why Was the PPIP Extended Today?

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

Friday Outlook: Commodities, Global Markets

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

FDIC Watch: Agency's Insurance Commitments 34% Higher than Reported

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

Bank Liabilities: Why the Discussion Isn't Explicit

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

Creditors Should Suffer Too

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

Worst Is Yet to Come for Banks - Mike Mayo

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

An Autopsy of the Glass-Steagall Act

Mark Levin's new book _Liberty & Tryanny_ has a great description of this whole meltdown. It's a must.read

Microsoft vs. Apple: Monopolist vs. Innovator

Before Apple killed the "MacOS" and put 'Mac OS X" stickers all over NeXTSTEP, they did license their OS to OEMs for a while. That, among other things, is what was leading to their demise. Fortunately Jobs came back and killed that terrible idea, and their market share has either doubled or tripled depending on who you ask.

An Autopsy of the Glass-Steagall Act

Russ, I am the descendant of legal immigrants. This is not racism. It's the law. If you promote breaking certain laws, which ones are acceptable to break?

As for the facts. Perhaps you could explain the million-plus web pages -- from the mainstream media -- that describe the ability of illegal aliens to secure home mortgages. It is a well-known fact among every mortgage broker in California that millions of the bad loans were given to illegals.

Here's the San Francisco Chronicle in 2006, for example... not exactly a right-wing newsletter:

www.sfgate.com/cgi-bin... ("Selling illegal immigrants the American dream")

How many articles like this should I find before you admit you were wrong and apologize?

An Autopsy of the Glass-Steagall Act

Eh, here's the cookbook:

Step one: Force banks to underwrite mortgages to unqualified buyers (including illegal immigrants) through threats of legal action and restrictions on M&A. "It's for the children!" Culprits: HUD Secretary Andrew Cuomo and AG Janet Reno.

Step two: Provide a government-backed buyer for mortgages that would "jet issue" mortgages with minimal documentation. Culprits: Fannie Mae executives Franklin Raines, Jamie Gorelick, Jim Johnson, et. al.

Step three: Allow the GSEs to securitize the debt for resale with the implicit guarantee of the US government standing behind the instruments. Culprits: see #2.

Step four: Allow the GSEs to "invest" millions in Congress to prevent any scrutiny of executive pay-packages, capital-to-asset ratios, hedging strategies and risk management... even in the midst of multi-billion dollar accounting scandals. Culprits: Barney Frank, Maxine Waters, Congressional Black Caucus, Chris Dodd, etc.

Step five: when the GSE equity prices melt down because of poor management and accounting, devastating the capital-to-asset ratios of AIG and other financial institutions that held billions in GSE instruments, blame the entire debacle on Bush.

Why My Money Is on Intel

I think Microsoft would be the would be the better option. Firstly its a monopoly, it has 20 billion in cash and there is a lot of optimism surrounding Windows 7. For the 12 months at least things are not looking so good for Intel. Intel CEO Paul Otellini said they could possible make their first loss in 20 years. Moving to thinner manufacting processes are common and constant (every 2 years) in the tech world and therefore the benefits are negligible. With AMD Phenom 2 doing selling well and gaining market share its not going to be easy competing it the current environment. Also AMD's asset-lite strategy is probably the better option considering that Intel's doing the same thing, TSMC-Intel deal.

Cramer's Stop Trading - Transports Screech to a Halt (3/5/09)

Uh.. yeah actually someone did point a gun at them, metaphorically of course... the government, Chris Dodd, Barney Frank, democrats, the CRA.