Jimbo

Total Rating:
+9 / -5

123 Comments

    • Sun Oct 5th 13:05 PM | Rating: 0 0
      Commented on:
      Credit Crisis Sharpens Anger Over CEO Pay
      I understand the CEO of Merrill-Lynch walked with a 150 million dollar settlement when they went broke. I also understand that something like 9,600 employees of Merrill were out of a job. Perhaps that great champion of the downtrodden, Senator John Edwards, will file a pro bono class action law suit against Mr. McNeil in behalf of all those former Merrill employees. Sadly, the whole damn culture is rancid. But don't worry, Archbishop Rowan Williams will bring us Sharia and we shall have justice at last!
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    • Sun Oct 5th 12:05 PM | Rating: 0 0
      Commented on:
      America's Real Wealth
      Old saying: be careful what you pray for, you might get it. I concede to Mr. Ferguson that OBAMA! looks like he will be elected. But, if you liked Jimmy Carter, you will LOVE OBAMA!
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    • Sat Oct 4th 11:07 AM | Rating: 0 0
      Commented on:
      What the Hedge Funds' Bad September Could Mean for Markets
      This post is certainly consistent with my take on naked shorting. It seems to me if you sell something you don't own, you re committing FRAUD. I have read that some of these short sales are more than 200 days overdue for settlement. If true, this is PIRACY! I am going to e-mail Porter Stansberry and tell him to read this post, since he is such a big fan of all kinds of shorting.
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    • Wed Oct 1st 11:49 AM | Rating: 0 0
      Commented on:
      Sarah Palin's Stock Portfolio
      The virulence of Palin detractors suggests they fear her greatly. No matter the outcome of the pending election, she may be a force to be reckoned with in the future. I suppose if she had five abortions instead of five live children, this would have made her more acceptable to the elite.
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    • Tue Sep 30th 23:33 PM | Rating: 0 0
      Commented on:
      Shopping During Armageddon
      Margaret Kane: I hope your investing is better than your counting. 95 Democrats voted against the bill and 65 Republicans voted for it. Nancy Pelosi is politically tone deaf. She flat out insulted Republicans and then was sullen when not enough of them overcame opposition in her Own party. BTW, Chris Dodd,Barney Frank,Jimmy Carter, and Bill Clinton all have DEEP culpability for for this whole mortgage fiasco. Frank and Dodd both fought off Bush when he tried to rein in Fannie and Freddie when they were headed for the precipice back in 2003.
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    • Mon Sep 29th 12:04 PM | Rating: 0 0
      Commented on:
      Wall Street Bailout: Congressional Cover-Up, or Sarbanes-Oxley?
      The culpability of several incumbent members of Congress for this mess is immense. These same jackasses are now piously bloviating about their patriotic deeds.
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    • Mon Sep 29th 11:55 AM | Rating: 0 0
      Commented on:
      The Next President Will Be Trapped by History
      If you liked President Jimmy Carter, you're going to LOVE President Obama!
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    • Sun Sep 28th 10:56 AM | Rating: 0 0
      Commented on:
      Is This a Permanent or Temporary Loss of Capital?
      I concur with the author's opinion and conclusion. My wife and I own only one bank( a small regional one). My philosophy is to pay most attention to the stock, not the stock market. If the fundamentals of a stock are sound, don't cut and run. Even conservative investments such as electric utilities seem to have a certain amount of "hot" money which moves in or out on the first hint of any kind. This seems to me to be plain stupid. I do think JCC is correct. I remember thinking when Glass-Steagall was repealed that it was a big mistake. Phil Gramm may be culpable for this situation. The market seems to develop Alzheimer's after so many years.
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    • Sat Sep 27th 11:27 AM | Rating: 0 0
      Commented on:
      The Secret Villain Behind Our Economic Collapse
      LCACM: I am no big fan of George Bush but his GPA at Yale was actually slightly higher than that of John Kerry. It is my opinion that all too often in these elections we have to chose between the lesser of evils. I suggest we abolish the Federal Reserve, which only protects the banks, which own it (Milton Freidman proposed as much years ago). Then, we create a law making it a criminal offense for any former member of Congress to lobby Congress. Then( this make take a constitutional amendment since I don't think Congress would do it) we limit terms in any house of Congress to 12 years.
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    • Sat Sep 27th 11:08 AM | Rating: 0 0
      Commented on:
      Wall Street, 1792 - 2008?
      We desperately need term limits on Congress and a law making it a criminal offense for any former member of Congress to lobby Congress. Both political parties have been massively corrupted by the process. These bastards don't represent the people, they represent themselves!!!
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    • Fri Sep 26th 10:28 AM | Rating: 0 0
      Commented on:
      On Board the 'U.S.S. Titanic'
      regarding the above quotation attributed to Winston Churchill: the miseries of Socialism are NOT shared. I guarantee you that Joseph Stalin received far better medical care than a Soviet coal miner. A close examination of life in the Soviet Union will show that significant class differences existed. I long ago departed the Larry Kudlow camp. I prefer to call him: "Doctor Pangloss"
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    • Thu Sep 25th 19:54 PM | Rating: 0 0
      Commented on:
      The Rehabilitation of Christopher Dodd
      There is also that little matter of a below market rate home loan Countrywide gave Dodd some time ago. Fannie and Freddie have been lobbying both sides of Congress and contributing to election campaigns. The stench of corruption is overwhelming. I would give almost anything to know what some of these corrupt congressmen are thinking. Do they realize how culpable they are??
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    • Tue Sep 23rd 14:36 PM | Rating: 0 0
      Commented on:
      All That Gold Is Really In the Gold ETF, Right?
      What troubles me about this issue is the recent allegation that a well known investment bank created a silver deposit an d not only charged for shares, but also charged for storage costs. But, it is alleged, a class action lawsuit against said investment bank( the suit alleged that their vaults were empty) resulted in an out-of-court settlement. If this is true, it does not raise my level of trust. I advocate a mandatory physical inspection by the commodity regulators.
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    • Tue Sep 23rd 14:27 PM | Rating: 0 0
      Commented on:
      Why I Got Gold Wrong
      I was a child during the great depression, but my understanding was that Roosevelt seized privately held gold and raised the price of gold from $20 an ounce to $35. This effectively devalued to dollar. Gold mining stocks took off and The government "Primed the Pump" by printing money. Every economic book I have read seems to say that gold rises in price in inflation and deflation. I tends to be in the doldrums during periods of price stability.
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    • Mon Sep 22nd 18:45 PM | Rating: 0 0
      Commented on:
      Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy
      I have to second the ideas of Huangjin and HappyCajun. Nancy Pelosi, who recently was quoted as "saving the planet" has let the cat out of the bag. She voted against the ANWAR drilling resolution in 1996 and Bill Clinton vetoed it, saying it would be ten years before we got any oil. Well, it is now TWELVE years and and we are still degrading our currency by buying oil from countries who hate our guts. For the benefit of other posters and readers, I rode a bicycle to work, 3 to 6 days a week, for the last 19 years of my full time employment. We have composted our household garbage for at least 30 years. We have a very efficient solar water heater that is saving us at least 50 dollars a month. I was an early contributor to Green Peace until I began paying close attention to their material. The author may not be a member of what I call the "greenie conspiracy" but there is a significant element of the green movement that would drastically cut the world population and take us back to the 18th. century with sail, animal, and human power as the sole means of transportation. This group are really neo-fascists who seek to remove national sovereignty in favor of "world government". If you want to know how that will work, just look at the current U.N. Lest you think I am a nut case, log onto "the Green Agenda". I have fought urban sprawl all my life. In 1962-65 I taught at a college in upstate New York and road bus transportation almost every day. Yes, Europeans do have very good public transportation systems, but in my frequent trips to Europe in the past , I saw almost empty buses and rail cars, (except at rush hour), and the Euros do like their cars.I see natural gas as the logical fuel for heavy trucks, busses, and taxis. I would be delighted to have alternative fuels for vehicles but there has to be a transition for technical and infrastructure development. Lastly< I would place an import tax on all hydrocarbons for outside North America and Columbia. The tax should be rigidly tied to development of alternative energy.
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