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    • Sun Jul 13th 08:22 AM | Rating: 0 0
      Commented on:
      Beware of Sending Fannie and Freddie Stock to Zero
      You are 100% correct. The govt doesn't have to buy anything; just say we will not make them raise any common here...that we will let them sell preferred only for the next year or two with the promise to do common when the smoke clears. This is all about confidence as the situation; whatever it is; did not deteriorate that dramatically in the last 40 days. In the very 1980's the govt gave loan guarantees in exchange for warrants to Chrysler. The govt made a ton of money and saved the company. FRE/FNM are 100 times as important as Chrysler so I see trhe saME RULES APPLYING HERE. Placing the GSE's into conservatorship would be an unmitigated disaster and paulson - and i am saying this as a former GS employee - cannot be that stupid.
      View article »
    • Fri Jun 6th 09:13 AM | Rating: 0 0
      Commented on:
      Trichet, ECB Missing the Point with Crude
      This is a great article and spot on. trichet is an arrogant jerk and all he is doing is covering up for the massive growth in the ECB's balance sheet. German exporters are getting badly squeezed and the spanish and irish economies are in trouble. That govt needs to act intelligently is not anathema to free markets at all. Look at how well Brazil did with sugar based ethanol jump started by govt policy. we should start there by allowing imports of brazilian ethanol as a way to diversify our imported sources of energy; build nuclear (govt needs to allow it); and limit corn based ethanol subsidies (lessen food inflation).
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    • Tue Apr 1st 10:36 AM | Rating: 0 0
      Commented on:
      Did Barron's Really Pan All Commodity Investing?
      Barron's was absolutely right.
      Commodities; particularly oil and prescious metals; are in a bubble.
      Look how far gold has fallen already.
      Oil is next....
      View article »
    • Mon Mar 3rd 16:27 PM | Rating: 0 0
      Commented on:
      Commodities Gone Wild
      doug - u r so right.....parabolic upward ,ovrements are ok when u r long i guess eh? This is the next bubble and my guess is oil breaks first; than the euro and then finally gold....
      View article »
    • Sun Feb 24th 12:28 PM | Rating: 0 0
      Commented on:
      Friday's Turnaround: Raid on the Shorts
      You are a joke. CNBC is a total tool for Ackman and the shorts on mbia and abk. They consistently have spun the story on the monolines in a negative direction; led by Cramer and to a lesser extent Gasparino. Yet they now report a TRUE story that is bullish and you whine like a pathetic school girl? Grow some balls please....
      View article »
    • Thu Feb 7th 21:53 PM | Rating: 0 0
      Commented on:
      MBIA Waits for Good News to Announce Bad
      CDO squared even if worth zero does NOT yield 9bn loss on a PV basis as they only guarantee ULTIMATE payment of principal; which can be 30 years down the road; and is worth a small fraction - cents on the $$ - in losses. The interest payments they would have to pay are negligible in the interim; usually less than 100bps. These guys are talking their shorts up and are looking to cover.
      View article »
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