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    • Thu Nov 13th 11:26 AM | Rating: 0 0
      Commented on:
      Panic! Bart Calls (Another) Bottom
      Barton Bigg buys Barton Fink. Nobody notices.
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    • Thu Nov 13th 11:12 AM | Rating: 0 0
      Commented on:
      Is Buffett Really Losing His Touch?
      Buffet was among the best during a period when if you decided to be a cork instead of a stone, you rose with the tide. During the 1982-2000 secular bull a monkey throwing darts could have made good money. In fact, many did. Buffet did well in the prior era, 1960-1982, but the legend was born in the bull market. No doubt he could analyze a company, assess markets, and sense trends, but it is doubtful that he or anyone has what Buffett himself claims to have: "An innate gift for capital allocation". This is a true quote. He said "Some people are born with special talents, I was born with a gift for capital allocation" I didn't know the gene pool included such a gift. Maybe it's the human equivalent of storing chestnuts.
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    • Fri Oct 31st 12:25 PM | Rating: 0 0
      Commented on:
      Is the Financial Industry Salary Boom Over?
      Engineer has a good point, but take it to it's logical conclusion would make the financiers collectively a class of involuntary servitude, given the magnitude of the stunning losses in the financial world.

      Perhaps having the investment bankers, bond dealers, and mortgage brokers cleaning our houses (instead of cleaning them out) might promote a sober mindedness among the next generation of financial engineers
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    • Sat Sep 27th 13:36 PM | Rating: 0 0
      Commented on:
      No Wonder the $700 Billion Bailout 'Deal' Failed
      Re: equity participation. Dodd proposed equity participation
      by the following formula:

      VESTING OF SHARES.—If, after the pur
      chase of troubled assets from a financial institution,
      the amount the Secretary receives in disposing of
      such assets is less than the amount that the Sec retary paid for such assets, the contingent shares re-
      ceived by the Secretary under paragraph (1) shall
      automatically vest to the Secretary on behalf of the
      United States Treasury in an amount equal to
      (A) 125 percent of the dollar amount of
      the difference between the amount that the Sec11
      retary paid for the troubled assets and the disposition price of such assets; divided by (B) the amount of the average share price of the financial institution from which such assets were purchased during the business
      14 days prior to the date of such purchase.

      In other words, equity participation is security for purchase of the troubled asset, and only kicks in if the asset produces a loss for the Treasury. Why would that
      deter participation? A seller receives capital and reduces
      overhang on it's balance sheet. Right now, banks are
      scrambling to raise capital through the sale of equity, preferred shares, warrants, without disposing of the toxic paper.

      The banks don't have to participate. They can take or leave the deal. The screwed themselves. Why screw the taxpayers while unscrewing the banks?
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    • Wed Sep 24th 09:44 AM | Rating: 0 0
      Commented on:
      The Time To Buy Is When Blood's In the Streets
      Great Stephen, so go buy those mortgage backed securities
      and report back next year.
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    • Wed Jun 25th 23:16 PM | Rating: 0 0
      Commented on:
      Even Democrats Should Support Offshore Drilling
      The comments of Marxism are off on both accounts. Marxism is principally a theory concerned with history and hirstorical change. Marx' view on capitalism and communism are well known, but they are subsets to his overarching ideas.

      1) Obama is not a Marxist, has never espoused Marxism, there is no indication at all that he subscribes to Marxist theory, so the first commentator is wrong. 2) classic Marxian ideology calls for a dictatorship of the proletariat by a ruling party, so the second commentator is wrong.

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    • Fri Apr 11th 11:24 AM | Rating: 0 0
      Commented on:
      Larry Kudlow is Dead Wrong: CRA Didn't Start the Meltdown
      There were many participants in the subprime mess all equally culpable. At root, our culture of greed and consumerism is the prime impetus.

      "Heaven forfends trees from growing to the sky"
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    • Sat Mar 29th 17:54 PM | Rating: 0 0
      Commented on:
      Investor Sentiment and Market Returns: Now's the Time to Be Bold
      It's a sentiment indicator and this sentiment can remain the same or get more bearish for many months to come while the market continues to flounder. Almost ALL technical indicators are above levels found at major bottoms in the past. Of course, this is only useful information if you want to be bold and prudent at a bottom. I take with a grain of salt advice to get long from an investment advisor, as it's inherently conflicted.
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    • Wed Mar 12th 10:54 AM | Rating: 0 0
      Commented on:
      Bear Stearns: Stock Volatility and Market Noise
      Noise is typical price fluctuation driven by the push and pull of buyers and sellers. Bear Stearn's recent movement is much more than that. The inference one might draw from Felix' misguided missive is that if your stock drops 15% one morning, fugeddaboutit, it'll recover in the afternoon.
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    • Fri Mar 7th 13:10 PM | Rating: 0 0
      Commented on:
      Malpass: Wrong on Housing, Credit, Economy
      Perhaps Bear Stearn's David thinks that this credit storm will blow over and in the end he will receive a good pass.
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    • Wed Dec 26th 21:04 PM | Rating: 0 0
      Commented on:
      The Inevitable Derivative Meltdown
      This isn't the first writer to predict a collapse of the fiat money system, nor will he be the last. How they reasonably expect bullion to trade for the entirety of 21st century human economic activity has never been explained to me.

      This is the old scare tactic, speak in apocalyptic terms but yield no specifics.

      Ruggiero runs a private equity firm specializing in the raising of capital. I was thinking of commissioning a boat, but now I think I need an ark. Do you think he can help me get financing and investors interested in a nice ark?
      Ruggiero's alleged profession is the raising of capital, which is money based.
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    • Sat Dec 22nd 15:25 PM | Rating: 0 0
      Commented on:
      Tax vs. Interest Rate Cuts
      Have politicians cut property taxes? Good luck. Property taxes are local. You'd have to have 15000 jurisdictions enact tax cuts. In addition, 80% of property taxes typically go toward school budgets.

      Try cutting at the Federal level, match by equal cuts in Federal outlays. Exit Iraq. Save 250 billion a year right there
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