DegreeNodal

Secondary Market Debt Buybacks Set to Skyrocket

What kind of cash position would a company be in were it to have bonds trading at .50 on the dollar? Just wondering.

Living on $500K a Year?

Americans as a whole can opt out of thier retirement plans, divest from the stock market and other regulated investments, demand thier pension funds divest, and dry out the capital that Wall st and coprorate America leeches off.

I have 80% of my capital and retained earnings reinvested in my own business.

Another Dr. Doom: Peter Schiff

There's truly only one Dr. Doom:

www.marvel.com/univers...)

All the others (Schiff, Roubini, et. al.) are just cartoon figures.

The Madoff Affair: Greed's Victory Over Common Sense

Hang Bernie on prime time television by the....you know what. Imagine the deterrence effect.

The entirety of the investment world has been exposed as possibly fraudelent, properly or not. This man was the insiders' inside man, the Chairman of the board. Yet in end, he is nothing but a cheap and clever crook. Hollow and worthless is Mr Madoff, a poster child for all the false promises made to us by the financial industry. We are the inventor and the product of the greed and deception of our own national promise.

$25 Oil Could Happen Before a Return to $100

Double, double oil and trouble
Fire burn, and cauldron bubble.

A Remedy for Short Selling Manipulation

What you are advocating is the original uptick rule as it was applied on NYSE. OTC stocks worked a little different. You had to have your offer to sell taken out, but you could do so without it being higher than the last print. Except for ARCA, which was a separate exchange prior to merger.

The Obama Bounces: Unique Short Windows Will Open

Interesting, but you have predicted two moves, one up, then one down. Why hit only one side? Are you modest?

Being Wrong for Five Years Makes Peter Schiff Right Now?

If the remission proved temporary, there would not be much to say.

Think of a different analogy. Something without a non recourse end. A bear market can die, but the stocks exchange stays open. The cancer victim succumbs, that's all she wrote.


I


On Nov 19 06:48 PM willynill wrote:

> If your doctor said you had cancer and could live only a little while
> longer, are you going to say the doctor was wrong if you have a temporary
> remission? No, the doctor was still right.

Being Wrong for Five Years Makes Peter Schiff Right Now?

Here Mr. speculation, and not Sullivan is out telling us "I said, I predicted, remember when I said...etc, etc, et al. and so on" Every talking head wants to remind us what he said, and what some other guy said.

Anyone can say they predicted xyz. Did he capitalize on it? And If he did, he would be enjoying the fruits of his speculation, not blowing hot air on SA.

See ya Todd, wouldn't want to be ya.

PS. Here's a tip. Food Stamps can get 80 cents on the dollar on the black market

Being Wrong for Five Years Makes Peter Schiff Right Now?

Schiff clearly has a bent toward the negative, and in the instance of the housing, mortgage, and credit markets, this inclination served him quite well, Todd.

What is more interesting revealed in those videos is the utter denial
and outright scorn of the commentators responding to Schiff.

Panic! Bart Calls (Another) Bottom

Barton Bigg buys Barton Fink. Nobody notices.

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.

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

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?

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.