helplessobserver

332 Comments

    • Fuld's Miscalculation: Were Berkshire’s Infusion Terms “Too Much?” [view article]
      On TV Fuld looks more like a mafia enforcer than a top level investment bank CEO. Despite monstrous troubles he failed to cut his losses and get capital regardless of the cost. Oct 07 11:32 AM
    • Fed's Unsecured Lending Plan Won't Work [view article]
      You are almost right. It will work for awhile. Nothing like free money to bolster bank earnings. Oct 07 11:27 AM
    • @VIC: Bill Ackman on Wachovia [view article]
      A couple of observations:
      1. C is sick, sick and barely breathing, scaring the heck out of the everyone.
      2. Ackman made 1600 on his SATS and uses this demonstrated mental faculty to drill down into the minutiae of investments. He saw the immediate value to WB of the IRS new decision on tax loss carry forwards as a huge asset for WFC, who has profits to shelter. Anyone who has losses these carry forwards are worthless.       Oct 07 11:19 AM
    • BoA Cuts Off Countrywide ARMs to Save Body of Mortgages [view article]
      In normal times foreclosure keeps discipline in the mortgage market. These are not normal times so new procedures are required. I expect eventually many people will be kept in their houses with minimum and or token payments to keep the home from crumbling to debris. A hole in the roof and a basement turned into a cesspool will destroy value faster then taking a lower return on your investment. Oct 07 11:00 AM
    • GGP Suspends Dividend in Attempt to Address Liquidity Concerns [view article]
      I wonder if these wonderkind MBAs ever learned that "borrowing short to lend long" is the technique for financial disaster. God knows the Savings and Loans industry found out it was untenable even with stable deposit capital at their disposal. Oct 06 10:34 AM
    • Lehman's Lies [view article]
      If the charges of lies, misrepresentation etc. can be proven these executives will wind up in federal prison with the Enron and WorldComm liars. LEH issued $114 million of debt shortly before declaring bankruptcy so these holders along with a host of other victims will go to court and demand redress. Such fraud cannot be ignored, but the wheels of justice move slowly. Oct 06 10:20 AM
    • Munis in the Crosshairs [view article]
      Yes, $3.2 billion has been reported in the press and BondGuy's post has reason to it. Oct 05 08:38 PM
    • More Varying Effects On Main Street [Housing Tracker] [view article]
      Thanks Judy. Oct 05 08:28 PM
    • How Banks Hedge Counterparty Risk [view article]
      Another advantage to a bank is if the bond it holds is insured it can be claimed at a higher tier in list of capital assets. This one reason the debt insurance companies were propped up so long as the walking dead. Oct 03 04:41 PM
    • Get Your Banking Crises Straight [view article]
      In time it will become evident who will absorb the lending losses. For our part, we have already made our contribution. My wife's IRA $15k of WB stock traded last week at $0.91 for a loss of $14.7k. We've done our part to make good on the fraud committed by Golden West management and employees. Oct 03 04:25 PM
    • The Citi Exclusivity Agreement [view article]
      It is pretty evident the FDIC is scared big time over the condition of C and is seeking to keep it afloat. It has lots of global business exposure and its failure would put the bailout bill on the US Treasury. All of what I speak is well known well before the financial crisis we find ourselves. When the sick takes care of the sick then the FDIC is showing us it is scraping the bottom of the barrel. Oct 03 04:08 PM
    • Now It's Eurozone Banks Hitting the Skids [view article]
      Yes, yes European banks are a big, big problem. I suspect a failure over there will trigger another down leg in our stock market. Such a failure would be hard to ignore. Oct 02 02:15 PM
    • Berkshire Hathaway Class B Shares Attractive Here [view article]
      Soar with the Eagle, otherwise you may be the road kill the Eagle swoops in on at bargain prices. Wow, who would ever thought GE would be road kill????? Oct 02 02:11 PM
    • A Bailout at Market Prices [view article]
      In time these deeds of trust will surface as local people step up and buy the sick houses in their neighborhood, fix them up and either sell or rent them. In addition to all the principles of real estate investments ignored by the capital markets, real estate is still LOCAL, LOCAL. Oct 02 02:06 PM
    • Subprime: Not All Bad News About Smaller Banks [Housing Tracker] [view article]
      Also BBT is a good bank! Oct 02 01:55 PM
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