helplessobserver

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381 Comments

    • Fri Oct 3rd 16:08 PM | Rating: 0 0
      Commented on:
      The Citi Exclusivity Agreement
      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.
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    • Thu Oct 2nd 14:15 PM | Rating: 0 0
      Commented on:
      Now It's Eurozone Banks Hitting the Skids
      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.
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    • Thu Oct 2nd 14:11 PM | Rating: 0 0
      Commented on:
      Berkshire Hathaway Class B Shares Attractive Here
      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?????
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    • Thu Oct 2nd 14:06 PM | Rating: 0 0
      Commented on:
      A Bailout at Market Prices
      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.
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    • Thu Oct 2nd 13:55 PM | Rating: 0 0
      Commented on:
      Subprime: Not All Bad News About Smaller Banks [Housing Tracker]
      Also BBT is a good bank!
      View article »
    • Thu Oct 2nd 13:39 PM | Rating: 0 0
      Commented on:
      Goldman Says "Trust Us"
      I agree with venivindivici and was stunned when GE finds itself bleeding badly and needing a costly infusion. Sold my GE on the news at a loss, but my $8k will be around to fight another day. Wow, if this can happen to AAA rated GE what about F and GM? For what its worth we need to use taxpayer money to inject funds into the banks, capital accounts, forget about buying the toxic waste to improve their capital accounts. My prediction, in a year the $700k will be gone and banks will still be in trouble.
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    • Wed Oct 1st 17:00 PM | Rating: 0 0
      Commented on:
      Does Warren Buffett Think Goldman Is More Creditworthy Than GE?
      When companies like GE exhibit desperate actions like paying huge interest rates and diluting existing shareholder, things are bad, bad. We will soon know why GE stock has sunk from 43 to 23 and I expect will be heading lower before this is all over. If things are as bad as GE sees them there is no hope for Ford, GM and Chrysler.
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    • Wed Oct 1st 10:11 AM | Rating: 0 0
      Commented on:
      Why Have Things Gone So Wrong?
      What do you guys expect from an ex GS CEO where they operate the "black box trading system" and earnings are what ever the carpet level guys say they are? For Paulson it is mission accomplished, Bear Stearns and Lehman gone, MS and MER crippled. All the marbles are in their bag, so why stop now when the U.S. Treasury will soon be their piggy bank.
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    • Tue Sep 30th 11:28 AM | Rating: 0 0
      Commented on:
      Buffett's Battery Buy
      Only those who believe in miracles think electric charges can be harnessed to provide energy to power automobiles. Moving a car from Point A to B requires a large amount of energy. For example a gallon of gasoline contains 130,000 Btus. If this gallon moves the car 25 miles the energy used, and lost is 5200 Btu per mile. Now a kilowatt equivalent is about 3000 Btu, so any battery needs to supply about 1.72 KW per mile. We know a lot of heat is lost in a internal combustion engine, so we can reduce the 1.72KW to 1KW per mile. Gentlemen, over 200 miles this battery needs to provide 200KW of energy from its limited chemical sources. Natural gas and propane which have large heat contents are the fuels we need for automotive use.
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    • Tue Sep 30th 10:50 AM | Rating: 0 0
      Commented on:
      No Dead-Bank Bounce; Pound Sharply Lower
      The real problem in worldwide financials is in Europe. I expect more collapses in their banking system that will cause big trouble here.
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    • Tue Sep 30th 10:43 AM | Rating: 0 0
      Commented on:
      Historical Perspective on Bank Consolidation
      The WSJ forgot that Salomon Bros was taken over by Phillip Bros the big commodity trader in the commodity boom in the 1980s. They later turned the tables on PhiBro, gained control and disposed of them.
      View article »
    • Tue Sep 30th 10:34 AM | Rating: 0 0
      Commented on:
      Of Banks and Bottoms: Not Yet
      The market is full of "good/bad banks". Go with the winner. Panic drove good bank BBT to 18.75. It now trades in the 35 - 40 range almost at its pre panic peak. C is the quintessential bad bank that will come back to haunt the banking industry. Its ills were well known the banking down turn. Adding WB won't improve things much.
      View article »
    • Mon Sep 29th 11:32 AM | Rating: 0 0
      Commented on:
      Wells Fargo in the Lead for Wachovia; Is Bailout Really Necessary?
      Glad to hear something positive here. Told my wife to sell her 300 shares a long time ago, but it was in an IRA instead of a quick sale brokerage account. Looks like she will get 20 shares of C plus own what residuals remain from Edwards and Evergreen.
      View article »
    • Mon Sep 29th 11:25 AM | Rating: 0 0
      Commented on:
      Subprime Is Truly Global Now [Housing Tracker]
      Judy,
      Your facts are worth more than the opinions posted on this site. Keep up the good work!
      View article »
    • Sun Sep 28th 17:03 PM | Rating: 0 0
      Commented on:
      Employees in Financial Sector Are Overpaid
      GS employees are overpaid getting 61% of gross revenues. They should give back the $27B in bonus funds recently found in their pay envelopes.
      View article »
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