.crazylegs..

KKR's Double Whammy

And they are invested at the top of the capital stack, i.e. the bank debt or the senior SECURED bonds, so they should be first in line to get a recovery if their debtors default.

KKR's Double Whammy

"With the value of its funds going down as endowments deleverage further, it would appear that KKR was prescient in securing those new credit facilities in order to survive a possibly even bigger crunch ahead."

This demonstrates a lack of understanding of KKR Financial. The credit line of an affiliated company has nothing to do with KKR the private equity shop that does manage endowment money. KKR Financial as a stand alone company does not manage endowment money, it manages funds on behalf of its stakeholders (owners of its CDO paper, stockholders, etc).

What Pushed the SEC to Tighten the Rules - Now?

Apple Heavy, shorting is a major help to the markets to provide liquidity. This is a bona fide activity, and it is what makes a fair market. What should be banned is 1. the naked shorting and failing to deliver stock to the buyer at settlement; and 2. the rumor mongering to drive down shares. All shorts SHOULD have to pre-borrow. Even though this rule is already in place, the SEC has FAILED THE MARKETS MASSIVELY BY SITTING ON THEIR ASSES AND NOT ENFORCING THE RULE.

Sell the News, Buy the Rally

From his BIO -

"Steve Bank is an independent investor, reviewer, and computer consultant. His broad experience includes self-representation in courts of law, undergraduate major declarations in classics, music, and sociology, and many miles behind the wheel of an automobile on North American highways."

This BIO gave me a great laugh, basically he is saying he has gotten into trouble with the law ("self-representation"... went to college, used a computer, and drove around the country. Not exactly the pedigree I'm looking for in a person whose advice I would take. This is just a lay person's opinion and really he has about much chance of being right as a monkey throwing darts at a stock table. It his opinion though, and he is free to voice it.