helplessobserver

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381 Comments

    • Fri Aug 15th 12:47 PM | Rating: 0 0
      Commented on:
      The ARS Market: Essentially a Massive Ponzi Scheme
      Brokers are crooked. Back in the '70s I stopped by a new Edward Jones brokerage in a small midwest town. At that time International Harvester Company was nearing bankruptcy. I asked the broker what his investment ideas were. We are selling ICH bonds. These farmers love their equipment and like the bonds. I responded "that's criminal", ICH is in desperate financial condition. I was shortly shown the door as he made a new phone call.
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    • Fri Aug 15th 12:10 PM | Rating: 0 0
      Commented on:
      Banks Wising Up? Short Sales Increase [Housing Tracker]
      Right now the banks are handling foreclosures the way they handled them in the past, i.e. throw the bums out. This approach will change as they find out 1. there is little market for their foreclosed homes, and 2. it is better to have someone living in the house than having it stand vacant. The new way is to let people stay in the homes where possible. Some will even pay these "new house sitters" as it will be cheaper than letting a nice home turn into a shack. Around here the bank turn off the electricity, this lets the basement flood and mold spores have a field day. With no heat this winter pipes freeze further damaging the property. It will take awhile but eventually the lenders will see things have changed for the foreseeable future.
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    • Tue Aug 12th 10:52 AM | Rating: 0 0
      Commented on:
      Bear Stearns: Follow the Puts
      This will turn out to be a much bigger story and will benefit BSC shareholders when much of the shortsellers and put buyers gains are returned to the shareholders.
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    • Tue Aug 12th 10:46 AM | Rating: 0 0
      Commented on:
      More Problems for the Ailing Financial Sector?
      All what you say is true, but somehow the invisible hand of the stockmarket says "not so fast" and refuses to enter a new downwave. It has been a lousy forecasting mechanism. Example, when it hit a new high last October
      - what in the world did investors see then? What they saw was wrong, maybe they are wrong agin. Looks like it.
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    • Sun Aug 10th 13:00 PM | Rating: 0 0
      Commented on:
      Greenspan & PIMCO: A Gross Conflict of Interest
      All this makes the mistaken assumption that the sharre holders in the GSE's will take this lying down. Massive losses have occurred in mutual fund holdings etc. They will be heard from in time.
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    • Wed Aug 6th 15:33 PM | Rating: 0 0
      Commented on:
      Why Big Mortgage Losses Are Here To Stay
      Eventually the lenders will wise up and do everything possible to keep people in the houses. Kick them out, shut off the heat and electricity and a home quickly becomes a shack. It it has a basement sump pump then the basement floods, mold thakes over and you will be lucky to get 20 cents on the dollar.
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    • Fri Aug 1st 12:17 PM | Rating: 0 0
      Commented on:
      Annaly Capital Management: Epitome of Low Risk, High Reward
      A small warning not seen by all. US Treasuries now have Credit Default Swaps trading on them. Assuming no risk in Treasuries is now a fool's game. Financial models assume steady state conditions within pricing ranges. Such is not the case with CDS now trading on US debt instruments.
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    • Thu Jul 31st 12:55 PM | Rating: 0 0
      Commented on:
      Merrill Lynch: On Wall Street Credibility and Sovereign Wealth Capital
      It will be interesting when the Fed reports on the value of the paper they are holding for us taxpayers. Last we heard the loss was about $2.8B, now with a sale at 5.7 to 22 cents on the dollar our mark to market loss will be devastating. Any thought that we ever will recover just the Bear Sterns loans is a pipe dream. Get ready for the "big lie".
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    • Wed Jul 30th 15:05 PM | Rating: 0 0
      Commented on:
      Ford Increases Lease Prices, GMAC Ends Canadian Leases
      Imagine, a year ago we were told the trouble was only in the sub-prime market and it was likely that the troubles would not spread to the rest of the credit markets. So much for the "seeers". Business will slowly collapse over the next 18 months as consumer credit is cut off as repayment of credit card balances dwindles.

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    • Sat Jul 26th 13:35 PM | Rating: 0 0
      Commented on:
      Eye on Short Interest at GM, Assured Guaranty
      Wilber Ross has a big interest in this company so readers need to keep this stock on their screens in case the shorts have this puppy wrong.
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    • Wed Jul 23rd 10:24 AM | Rating: 0 0
      Commented on:
      Citi, Merrill, WaMu: Death Spiral Financing
      Excellent post and excellent comments. The damage to FDIC when these companies crash will be a wipeout for everyone including the FDIC.
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    • Fri Jul 18th 23:33 PM | Rating: 0 0
      Commented on:
      Massive Freddie Dilution, Coming Right Up
      One thing you can count on that is not being discussed in a "put option" that comes with the new shares allowing the owner to force us taxpayers to buy the shares at the offering plus a nice premium. Both of these sick enterprises are going to be nationalized and that will trigger the put.
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    • Fri Jul 18th 14:05 PM | Rating: 0 0
      Commented on:
      How High Leverage Has Brought Down the Whole Banking Industry
      Thomas,
      This post exceeds your normally high standards. Unfortunately the horse is out of the barn and we must resort to taxpayer unfriendly methods to keep the banking system functional. Once this short covering and "fools rush in" rally is over the SP will fall well below 1100.
      View article »
    • Thu Jul 17th 14:00 PM | Rating: 0 0
      Commented on:
      What Pushed the SEC to Tighten the Rules - Now?
      Crazylegs is corret in his post on short selling. For glassbox only shares in margin accounts can be lent out for investment purposes. If you want to keep the shares in your account, do not open a margin account.
      View article »
    • Wed Jul 16th 12:02 PM | Rating: 0 0
      Commented on:
      Next Week Is a Big One for Bank Reports
      Great post and a real service. Go BB&T, wow over 7% dividend and it is safe.
      View article »
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