GKM

How to Spend $700B and Actually Solve the Problem

Isn't it ironic. Enron manipulated mark-to-market to create an overvaluation of its enterprise. Now mark-to-market is the cause of a devaluation of financial institutions. Things could be worse though - there might not be a level 3 categorization.

How to Spend $700B and Actually Solve the Problem

Although your proposal would make sense it would never work. They (Fed and Treasury) aren't join at the hip to any cronies at those other banks you are talking about. Be realistic this is all about patronage so unless you got some sort of a proposal that does that? Oh wait there is one proposed isn't there...

I've seen a number of comments about fascism thrown around lately and I think it worth quoting Benito Mussolini "Fascism should more appropriately be called corporatism because it is the merger of state and corporate power. "

Buffett Warned Us in 2003

mkreisel, writing 1300 puts when at 1200 makes a lot more sense than writing them at 1400. Wouldn't you agree that would be a better deal?

Thanks to the SA Editor for the link change over.

Buffett Warned Us in 2003

Trying the link again...

tinyurl.com/4cnxmk

[SA editor: sorry we can't accommodate long links, we have created a tinyurl for you.]

Buffett Warned Us in 2003

Don, I actually do. Here's my long term chart of the Dow. I think we're in about a 22 year bear and we've put in 8 so far so at the end of 14 years I expect we'll be much lower than where we are today.
http://...[see below]

Today we likely broke the long term trend line you see on that chart that was so critical to stay above.

Buffett Warned Us in 2003

All classic quotes from a couple smart guys. However, I still can't understand why Buffett wrote those puts on the S&P knowing that there was this kind of catastrophe waiting in the wings. If he is truly a genius, now would be the time to write those puts rather than having rode them down from earlier this year until now. If you have an answer, I'd appreciate it.

The Harder They Fall - Cramer's Mad Money (9/15/08)

And in an interesting turn of events, Cramer scoffed at those who followed his advice that the bottom "is in". He clarified that when he said "the" bottom he meant "the"re is no bottom and he took credit for being the first call "no bottom".

Take a bow Cramer.

Crunching Numbers: Why I'd Buy AIG

Ouch. Disclosure: long puts on XLF (and very happy to be).

How to Trade This 'Bear' Market - Barron's

So Kass covered in some of his shorts - and left on his shorts for the key institutions that make up America's financing empire. A ringing endorsement for the soundness of the American banking system that is not.