Recourse Bob

Bad Bank and Draft Bill Spook CDS Traders and Wall Street

Counterparty investors who engage in CDS without having equity to back them up should have their contracts voided. Even in Las Vegas, you don't play if you don't have chips on the table.

Two Fight Back - Cramer's Mad Money (9/11/08)

Cramer has never seen a government bailout that he didn't like. He'll let his kids and grandkids pay for those bailouts.

As far as his charitable trust investments, does anyone know how much money is invested in the trust. It may be only a small amount, but it gives him something to brag about.

Why would a supposedly great investor, as Cramer would have you believe his was, leave Wall Street and become a clown on CNBC? There must be a reason that he is no longer handling large investors' money. Something must have happened with his investing activities.

Citigroup Reports Loss on Credit Card Securitizations

Emerald - It is my understanding that in California the first mortgage is considered by law as non-recourse. This law needs to change.