MarvinMBA

Mervyn King: Break Up the Big Banks

Bank consolidation is the way to go....we have far too many branch banks that are really doing very little business and competing for the little business that there is...in addition they are not doing their job of lending to the public anyway so who needs them. With deposits at the one percent area they are helping no one but funding the government debt helping the USA with a major ponzi scheme.

John Paulson: Cruising Through the Financial Crisis

Going back to fundamentals, this country was built on the basis of low priced oil. It resulted in an abundance of food and a higher living standard and a strong defense. The cost of energy in all its forms was in the noise and insignificant. Right now we are faced with the reverse because of various negative factors of our own making. The Government has been concentrating on external factors not paying attention to providing the energy the country needs in case of disruptions like the economic failures we now have to cope with. At one time we were able to BS oursleves out of it. It seems to me it too late to provide the fundamentals this country needs like cheap energy from home grown sources. Our sitiuation will continue on a downward spiral and it will be impossible to manipulate our way out of this...the world out there has finally understood our game plan and the Feds attemps to manipulate the failed institutions into life will result in failure and accelerate our fall to DEPRESSION.

Panic on Wall Street - Fast Money Recap (9/17/08)

The markets are in such turmoil the average investor can really get hurt by making a wrong move right now. I'm certain there are opportunities but in my opinion wait a few months and see how this all works out. As the excesses get "marked-to-market" there will be more information as we do not know what is yet to be marked, how much, from who or from where. Waiting a few weeks or months at this junction might be the best idea you can have. Keep your money in short term and medium term CD's for awhile is the best strategy. Frantically trying to second guess where some of the instruments recommended by the above piece could be a mistake...Marvin the Maven

Mother of All Short Squeezes?

Its obvious the banking crisis is way overdone...stocks like Banner Bank in Seattle for example has had less problems and is profitable and the stock took a great hit for no reason...by the way the dividend is over 8 percent and probably will remain so...take that in your pipe and smoke it..