helplessobserver

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381 Comments

    • Sun Sep 28th 16:55 PM | Rating: 0 0
      Commented on:
      The Unbearable Lightness of Goldman Sachs
      I think the current Secretary of the Treasury had a big role in pumping out all the toxic bonds and then smiled at his bonus.
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    • Wed Sep 24th 23:10 PM | Rating: 0 0
      Commented on:
      Buffett and Goldman: Damn That Guy Is Smart
      Why not just invest in BRK.B and soar with the Eagle.
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    • Wed Sep 24th 22:58 PM | Rating: 0 0
      Commented on:
      Warren Buffett on Goldman Sachs and the Financial Bailout Package
      Wow, Constellation Energy for 25 cents on the dollar and now a big piece of GS the Cadillac of the investment world. Soar with the Eagle, be careful you don't become Buffet's road kill meal.
      View article »
    • Wed Sep 24th 22:48 PM | Rating: 0 0
      Commented on:
      Raw Data Report: Wachovia, Bank of America, US Bancorp
      With all the doom and gloom its good to see that loans are being made at all.
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    • Tue Sep 23rd 11:05 AM | Rating: 0 0
      Commented on:
      Hedge Funds The Next Leg Down?
      I wonder why hedge funds are never hedged?
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    • Mon Sep 22nd 21:15 PM | Rating: 0 0
      Commented on:
      Exposing the Hedge Fund Industry's Soft White Underbelly
      There is nothing wrong with short selling by the rules. It protects your portfolio in down markets and the shorts are aggressive buyers in down markets where there are mostly sellers. With short selling prohibited on many stocks these stocks will be decimated by panic owners whose's only recourse is to sell out and not neutralize or hedge their position by a short sale.
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    • Mon Sep 22nd 20:56 PM | Rating: 0 0
      Commented on:
      AIG: The CDS Market Bailout
      Broker to customer: Good news we just made a fortune on Lehman CDSs. The bad news we sold them thru AIG.
      View article »
    • Mon Sep 22nd 20:42 PM | Rating: 0 0
      Commented on:
      The Goldman U-Turn
      Like all investment banks GS is stupid leveraging 30 - 40 to 1 using overnight money market funds. This stupidity is worth $50 million for executives and a $27 billion 2007 bonus pool for employees? Give me a break.
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    • Mon Sep 22nd 20:34 PM | Rating: 0 0
      Commented on:
      Macro: How Bankrupt Financials Will Impact Connecticut, NJ [Housing Tracker]
      We, living out in the countryside , were astounded at GS paying an obscene $27 billion in bonuses to their employees in 2007, 61% of revenues. With financial services representing 6% of GDP we also think their pay, 21% of gross wages is not justified. It now looks like GS overpaid and is fighting for its life, maybe the employees could refund part of the 2007 bonus money instead of US taxpayers propping up the firm.

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    • Sun Sep 21st 00:52 AM | Rating: 0 0
      Commented on:
      The Mother of All Short Squeezes
      There is nothing wrong with shorting shares that have been borrowed. Every margin account agreement allows borrowing the account holders shares. Your borrowed shares are protected by:
      1. proceeds from the sale do not go to the borrower. they are held by the broker. he gets any interest paid on these funds.
      2. added to the proceeds are margin funds usually equal to 30% of the
      sale proceeds. if the trade loses, more margin is required or the position will be closed
      3. any and all dividends declared are paid by the borrower
      4. the margin account holder will notice no change in his account statement. if he sells his shares the broker shifts the short sale borrowed shares to another account.

      It should be noted that short sellers stand ready to buy your shares in a down market when nobody else wants your shares thus protecting your gains or limiting your loss.
      View article »
    • Fri Sep 19th 09:11 AM | Rating: 0 0
      Commented on:
      The Real Reason Behind the Global Financial Crisis
      Super post and unusually excellent comments. Shah, AIG is struggling and so far a CDS trigger(a credit event)has not occurred. Maybe you should write about LEH where CDSs have experienced a credit event.
      View article »
    • Fri Sep 19th 00:47 AM | Rating: 0 0
      Commented on:
      The Financials, the Automakers, and the Call That Cramer and All of CNBC Got Wrong
      My experience shows Detroit does make reliable cars. My 1995 Chevy Lumina ran 110,000 miles without anything other than routine repairs. Now driving my wife's castoff 1999 Dodge Intrepid. Smooth, quiet as a whisper and gets 27 miles per gallon. With 115,000 miles it has need a EGR valve, $300, and a transmission speed sensor, $160. Its engine has been serviced with Mobil 1 oil, and all other owner manual recommendations have been followed including belts and cooling system hoses, critical items for an all aluminum engine.
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    • Fri Sep 19th 00:25 AM | Rating: 0 0
      Commented on:
      Wachovia + Morgan Stanley = Dumbest Merger in History
      User is right in that , WB owns those 300K+ Golden West Financial mortgage loans. This provides a lot of room to make the best of the situation for the borrower and the bank. CEO Steel says they have a public data base detailing each loan so investors can pick and choose before buying any of them. Want to invest in California real estate, check out the listing.
      View article »
    • Thu Sep 18th 23:48 PM | Rating: 0 0
      Commented on:
      Is Wachovia Too Small To Save Morgan Stanley?
      Broker to customer, "I have good and bad news." We made a killing on LEH CDSs, the bad news........ we sold them to AIG!
      View article »
    • Thu Sep 18th 23:34 PM | Rating: 0 0
      Commented on:
      GS, MS: Do Wall Street's Independent Brokerages Have a Future?
      I bet GS would like to have some of that obscene $27B in bonuses it paid out to employees last year. With 6% of GDP, bankers obtain 27% of total national compensation. They are way overpaid from the janitor to the board room.
      View article »
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