jimmy46

Are Obama's Policies Working?

WHAT POLICIES???????

Basically, obaba hasn't done anything this year except push health care change.

He's putting 100% into that one effort,
if it becomes law he'll have a legacy,
if it doesn't, he'll look like a fool.

All the critical financial problems receive little time or thought from him.

Goldman Bonuses Based on Socialist Policies, Not Capitalism

Before the election, Obaba said he'd raise taxes on the very rich.
So far, he's done nothing.
If these $33 million dollar bonuses were taxed at a higher rate,
the scoundrels wouldn't have such a rich haul.

At least social security taxes should be paid on all income,
only taxing the first $97,000 is a real give away.

The Dow: Ominous Parallels to the 1929-1930 Era

THERE ARE SO MANY ERRORS OF FACT AND DEDUCTION IN THIS BLOG.

FOR ONE THING, THE 1930'S DEPRESSION WAS DEFLATIONARY,
NOW THE GOV. IS PRINTING MONEY TO BEAT HELL AND INTEREST RATES ARE NEAR ZERO.
IN THE GREAT DEPRESSION, HINDSIGHT SAYS THE FED MADE A MAJOR ERROR IN RAISING INTEREST RATES.

Outlandish CEO Pay: How to Fix the Problem

No more stock options. They're a crime waiting to happen. They're not incentives, they're theft from shareholders. """"""""

YES!
AND RAISE INCOME TAXES ON INCOME OVER $1,000,000/YEAR
TO 60-70%.
THEY AREN'T EARNING THE MONEY, THEY'RE STEALING IT,
SO WHY NOT TAX IT?

AIG Needs Dissolving

t's odd that the Brooklyn Democrat is taking a tough stance with Bank of America (BAC) over its questionable acquisition of Merrill Lynch, but is fielding ideas from the man who oversaw AIG's transformation """""

NOT ODD AT ALL, HE'S ON THE TAKE LIKE THE REST OF THE BUMS IN WASH-DC

What Stories Aren't Being Told?

we hear that China is considering walking away from responsibility on certain OTC derivative contracts held by foreign banks as counterparties"""""""

And China & others think the RMB could be a reserve currency?
Not in our grandchildren's lifetime.

It took the dollar 150 years to become a reserve currency,
there won't be a fast track for anyone else,
no matter how much they'd like it.

Monoline Mania: MBIA and Ambac Included in the Dash to Trash

Thanks for the answer,
"Jay Brown said it could take 4 years for all of this to be resolved. "

That may be optimistic, I bought some MIR eight years ago,
my account still has some "MIRA##" with a zero value
that represents the litigation value of the suit MIR has against
its former parent.
No end it sight, and that's peanuts compared to the subprime mess.
Your articles are very good, keep them coming.

Monoline Mania: MBIA and Ambac Included in the Dash to Trash

Hello Tom
Here's something in the news yesterday:

""Investors who believe that major credit-rating firms should be held responsible for their disastrously optimistic ratings of subprime-mortgage bonds have won at least an interim victory.

U.S. District Judge in New York ruled late Wednesday that Moody’s Investors Service and Standard & Poor’s can’t invoke the 1st Amendment to hide from subprime-related legal challenges.""


Is this ruling likely to have significant benefit for MBA,
or do the rating agencies have 10 more lines of defense?

NYSE Positioned to Lead Fundamental Corporate Governance Reform Effort

"""management substantially in control of deciding which state to incorporate in, a perverse “market” dynamic exists today that encourages state governments to erect management friendly corporate law for competitive advantage. Management then decides to incorporate in states most friendly to its interest and conversely most unfriendly to shareholders. It's a management lead race to the bottom for the shareholders of the enterprise."""

I REALLY LIKE THIS IDEA.
THANKS

10 Reasons Why We Still Haven't Hit Bottom

6) Technicals don’t work"""""""""""

THEY NEVER DID, TELL US SOMETHING NEW.

EVERY TECHNICIAN HAS A DIFFERENT IDEA AS TO HOW TECHNICAL ANALYSIS WORKS, THAT ALONE PROVES IT'S A FARCE.

Void Payout to Non-Debt Holders of CDSs

You are suggesting that only parties with an INSURABLE INTEREST can buy CDS's,

I agree totally.

Everyone else is gambling.

AIG Bailout: The Good, The Bad

AIG would have gotten pennies on the dollar for valuable assets and many other businesses would suddenly have been devalued, too.""""""""

You're exaggerating,
More importantly, if AIG had been allowed to go bust,
the whole CDS market probably would have disappeared,
I would argue that that would've been a good thing.

The AIG bailout is safe guarding the CDS abomnation.

The Bane of Broken Balance Sheets

"That problem is there is more debt in the system than the ability to pay"""""""""


That has been the cause of every panic, depression, and recession in history.

Tell us something new.

The Bane of Broken Balance Sheets

@jaycey
the first six >6< sources were spam, they wanted my email address and it was hard to tell from what was on their home page, what they had to do with anything related to Bernanke.

At the bottom was a link to google books:

books.google.com/books...

Here I was able to read EVERY OTHER PAGE of something Bernake wrote.
The odd pages are withheld!

BASICALLY THIS IS WHAT HE LEARNED ABOUT THE DEPRESSION

1. EVERYBODY'S THEORY ABOUT IT IS PART RIGHT AND PART WRONG

2. MONEY INFLUENCED IT

3. ONCE STARTED, IT DIDN'T STOP TILL YOU GOT OFF THE

>GOLD< STANDARD.

Don't expect this guy to be in favor of honest money.
If you run the printing presses fast enough, that'll solve the problem.

The Bane of Broken Balance Sheets

"Bernanke is the expert on the Great Depression,"""""

That comment has been repeated a million times,

CAN ANYONE point to a source material where he outlines his opinions as to

the "lessons" of the great depression?