oregonrain

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    • Sun Oct 19th 22:52 PM | Rating: 0 0
      Commented on:
      Coming Soon: The $600 Trillion Derivatives Emergency Meeting
      I think Buffet said a number of years ago that derivatives are the financial equivalence of weapons of mass destruction. Seems like others are picking up on that theme like aarc above.

      Seems like a plan to defuse them as carefully as possible is in order.
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    • Wed Oct 1st 00:42 AM | Rating: 0 0
      Commented on:
      Nine Adult Entertainment Stocks to Weather the Recession
      Talk about the "almost dirty dozen." I did not "examine" these carefully but look at LNET. This one has been losing money for several quarters. It even seems to have negative shareholder equity at this point. At least on that one I would pass no matter how stimulating it might appear on the surface.
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    • Mon Sep 22nd 22:02 PM | Rating: 0 0
      Commented on:
      In Defense of the Paulson Plan
      The main problem with this "analysis" is that it assumes that there is a "Paulson Plan" to defend.

      If you were to read the text of the bill the administration sent to Congress (which I wonder if this writer did) it really has only two provisions. First, give Paulson $700 billion of taxpayer money next see what happens.
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    • Sun Sep 21st 20:56 PM | Rating: 0 0
      Commented on:
      Oppose the Treasury's Bailout Plan
      taojaxx, why is it that the "counter parties" escape without a scratch in the hussman plan?

      It seems to me that if you want to take out insurance policies when you do not really have an insurable interest...(like me taking out a life insurance policy on you for example) you should get a haircut as well.
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    • Sun Sep 21st 20:42 PM | Rating: 0 0
      Commented on:
      Oppose the Treasury's Bailout Plan
      Old_Rick makes my point. It is essential that any company that "sells" assets to RTC II be restricted (via contract) from directly or indirectly making campaign contributions to those who are over site of the the buying or selling. If we do not insist on this this deal with make Fannie and Freddie look like a small time Congressional earmark for your local airport.
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    • Sun Sep 21st 12:51 PM | Rating: 0 0
      Commented on:
      Oppose the Treasury's Bailout Plan
      This is the best article I have seen on this. I was wondering where the language of the act was....and here it is. This is really not much more than another "blank check" for Hank Paulson (or the next person) to do what he will with. I am sure his intentions are good but the history of giving this administration a lot of lead way or "standby authority" is not a happy one.

      I agree that in theory the RTC II should not do deals with other wise "healthy" financial service companies. Reasonable restrictions along the line suggested here are critical. I have one more.. in the event any company sells assets to RTC II they should contractually agree that neither that company or anyone of their behalf make can make campaign contributions to those that control or regulate RTC II,

      This is a critical element. One of the issues on RTC was that it assumed assets when they were dirt...and then they were lobbied to unload the assets before they really achieved their full value for the taxpayers.

      We also need a constitutional amendment to stop the unlimited campaign spending that has turned the Congress into supplicants to the bankers and finance industry among others.
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    • Fri Sep 19th 07:01 AM | Rating: 0 0
      Commented on:
      SEC Bans Shorting Financials
      I really wish I could think of something truly funny in a black humor sort of way...like many of the fine posts here and other places on Seeking Alpha. But, all I can see is the Bush administration going out in a blaze of insanity here. Paulson and Bernake seem to have taken over the government as the Congress and the people sit there with our eyes and mouths open (drooling) not quite forming a word...(whaaaaat!)
      View article »
    • Mon Sep 15th 17:04 PM | Rating: 0 0
      Commented on:
      Wall Street's New Realities
      Agreed...that BAC and the companies that are left will be "too large to fail." This is very troubling or should be.

      This should be an interim step with a plan to re-establish the "firewalls" that were put in place after 1929. They were put there for good reason as we are now seeing. Not sure we can or should go back to that but to be sure there have to be regulations on the amount of leverage these companies can use...that was the problem in 29 and it is the problem once again.
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    • Sun Sep 14th 19:27 PM | Rating: 0 0
      Commented on:
      Debating the Lehman Collapse
      Sorry for my little "rant" above. It just seem!ed like it was time to cut the crap here and let nature take its course.

      Gramps2, great posts! I do not know who you are but you seem to know what you are talking about... It is the tone of someone who has been there..done that. Keep them up/1
      View article »
    • Sun Sep 14th 01:43 AM | Rating: 0 0
      Commented on:
      FDIC Insurance Fund - It Doesn't Actually Exist
      Hardball...would you believe it....Mr. Hill is a banker who got out when the getting was good. He will be back....to help pick up the mess I am sure. He just wants to make sure that his new bank will not have to pay the real going rate....."Meet the new banker...same as the old banker."
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    • Sun Sep 14th 01:19 AM | Rating: 0 0
      Commented on:
      Let Lehman Fail
      I am thinking the Lehman maybe the "end of the beginning." We need to have the system clean itself. I think that the problems have just gotten too large to hide or kick down the road to the next person. It is a sad day to be sure. How could a generation that started so optimistic ended up being so jaded. We shall see...normally all this government intervention does take hold..at some point....but...this looks like it has already taken on a life of its own. Glad I live in Oregon...that is all I can say.
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    • Sat Sep 13th 09:21 AM | Rating: 0 0
      Commented on:
      Debating the Lehman Collapse
      This whining from you people on Wall Street about "naked short selling" is a joke...right?

      I mean really..for the last eight years with the SEC with a "bell around its neck", "the deregulation" of the financial industry, "financial innovation" (aka making up money), a tax structure you could only dream about 15 years ago..you had one hell of a party. Now the chickens have come to roost and you want Uncle Sugar...meaning people like me who are small business people who were working our asses off building real companies, taking real risks...like putting up our homes, selling assets to raise investment money to save your arses, again! Let me think about...NO.

      I have been in favor of "saving Freddie and Fannie" they did get too big to fail..also Bear...it would have been too much of a shock to the system...but at some point someone has to hit the wall...and Lehman seems as good a place to start as any where.

      This will end once the short sellers get their asses kicked on one of these...(which they will not). Until then I hate to be the one to tell you this....party over.

      disclosure...short the S&P 500 and Russell 2000
      View article »
    • Thu Sep 11th 11:54 AM | Rating: 0 0
      Commented on:
      What's Going Well, and What's Not
      I agree with iTHink....would hate to see this board decent into mindless name calling...
      View article »
    • Sat Sep 6th 21:42 PM | Rating: 0 0
      Commented on:
      Commercial Banking and Bank Failures
      Great job John. I like your stuff as it is written by someone who actually seems to know something about bank operations and what has gone so terribly wrong.
      View article »
    • Sat Sep 6th 21:23 PM | Rating: 0 0
      Commented on:
      Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?
      I commented on the other article that we should stop the navel gazing and figure out how to make some money in what is clearly the most messed up situation you could ever imagine.

      Copperbaron above thinks we are going to see the market open on the upside here. That is my thinking as well. If you looked at what created the "rallies" we have seen this year in each case it was due to government action that was going to "solve the problem." That of course is a lot of BS...but in the short run it worked for a bit.

      I am very interested in how people think the markets will react to this when they open in Asia, Europe and the US on Monday. Anyone else want to take a shot at this?
      View article »
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