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    • Wed Apr 23rd 09:37 AM | Rating: 0 0
      Commented on:
      Jingle Mail: How Do You Value Home Equity?
      The problem of jingle mail is to a large extent a cash flow problem, not an asset gain/loss problem. Too many people ended up in ARMs (adjustable rate mortgages) where they could afford the low monthly teaser payments for the first 2-3 years but not the later, higher payments. Some may have been people who expected income to rise significantly (law students, etc.) but most were just told by lenders "you can always refinance when it resets." On top of that, there's folks in IO (interest-only) loans with fixed payments. Us guys might understand right away that this opens the borrower up to the risk of negative amortization, but a lot of borrowers did not. I think this is the only kind of "subprime fixed" there is. Most subprime loans are ARMs I think.

      So now it's a few years later and these folks can't refinance, can't easily get out by selling because mortgage is underwater, and good luck getting Countrywide to return your call.

      Only bright spot is that since interest rates are still so low, the ARM reset may actually not be that big a blow as expected.
      View article »
    • Wed Mar 19th 11:32 AM | Rating: 0 0
      Commented on:
      Jim Cramer's Mad Money Lightning Round Picks, Sept. 6
      Oh wait, article is very old, did not notice
      View article »
    • Wed Mar 19th 11:31 AM | Rating: 0 0
      Commented on:
      Jim Cramer's Mad Money Lightning Round Picks, Sept. 6
      Michael's Stores (MIK):'I want you to sell that right now.'

      Who is he talking to? The private equity firm that bought it over a year ago?
      View article »
    • Thu Mar 13th 09:55 AM | Rating: 0 0
      Commented on:
      Is Merck's New Obesity Drug Candidate in Serious Trouble?
      The abstracts are all published on line a couple of weeks before the event. They are publicly available. Here is the link

      www.abstractsonline.co...={2AC39EBE-EB29-4F99-9...
      View article »
    • Wed Feb 27th 13:10 PM | Rating: 0 0
      Commented on:
      Four Reasons Wal-Mart Is at a 2-Year High
      I just don't see it - sorry. They are cutting back US expansion because just about everyone who wants to live near a Wal-Mart already does. I'll be surprised if we see much of any bump anywhere from the attempted stimulus, most will just go to pay off credit cards. (BTW if we had extended unemployment benefits or food stamps, now THAT might have helped WMT, COST, TGT. People living paycheck to paycheck probably would spend their extra on near-necessities.)
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    • Fri Jan 18th 09:52 AM | Rating: 0 0
      Commented on:
      Why is The Weill Family Foundation Injecting Capital into Citigroup?
      Not losing the foundation might be the second or third last thing he wants to do. Not losing the value of the 16M shares of C he owns personally would likely rank ahead of not losing the foundation.
      View article »
    • Wed Jan 16th 13:15 PM | Rating: 0 0
      Commented on:
      Why is The Weill Family Foundation Injecting Capital into Citigroup?
      Paulos, as I understand it, the point is not that C is a good or bad investment -- but that if it is good, Sandy benefits personally, where if it's bad, he's off the hook and only the foundation/eventual recipients (or non-recipients, if the money's not there any more) suffer. If it is indeed such a great investment, then why is he not taking any risk personally?
      View article »
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