45 Comments

    • Fri Apr 4th 07:40 AM | Rating: 0 0
      Commented on:
      The Fed: Counterparty of Last Resort
      How can the banking problems be over with this $330 billions problem out there????
      ARSclassAction.com

      The investors locked in those now illiquid securities sold as "cash equivalents" do not take it lightly and beat every drum in their disposal and I see taxpayers bail out investment banks one more time and at much bigger clip.
      View article »
    • Fri Apr 4th 06:51 AM | Rating: 0 0
      Commented on:
      Proposed Regulatory Overhaul: Why are the Foxes Designing the Hen House?
      Good point, Markham, good point, but...
      I still preffer regulated markets to markets which operate so inefficient that Fed bail out money needed on the regular basis at the cost of billions of dollars to the taxpayers:
      www.nothingcontroversi...
      View article »
    • Fri Apr 4th 06:48 AM | Rating: 0 0
      Commented on:
      Is There a New Environment for Financial Regulation?
      whoops, sorry, wrong URL
      Here is the correct one to the Dow Jones story:
      www.nothingcontroversi...
      View article »
    • Fri Apr 4th 06:45 AM | Rating: 0 0
      Commented on:
      Is There a New Environment for Financial Regulation?
      John, I strongly beleive USA banking system needs to be regulated to save it and us from itself.

      I think FED and SEC is getting tired meeting Investment bankers on the regular basis:
      www.nothingcontroversi...
      View article »
    • Thu Mar 27th 06:37 AM | Rating: 0 0
      Commented on:
      I-Banks Can’t Have their Cake and their Discount Window Too
      I wonder if Paulson and Fed come to the rescue of Auction Rate Securities Victims, as I-Banks were out of control.
      arsvictim.com
      View article »
    • Wed Mar 26th 04:50 AM | Rating: 0 0
      Commented on:
      Global Credit Crisis: $1.2 Trillion and Counting
      Only a trillion!? Did they add Auction Rate Securities to the mix? $330 Billions are now locked up and either can't participate in any markets/ real estate purchases or will be forked by the banks and brokerage houses in question if investors suceed in their massive law suits.
      ARSclassAction.com

      I say 1 trillion is a way to conservative, I see more thna that in USA alone.
      View article »
    • Tue Mar 25th 17:35 PM | Rating: 0 0
      Commented on:
      Great Moments in Money-Market Fund Investing
      I have perfect solution for money markets:
      they can buy my ARS, AAA rated, extremely liquid (well, this is what we were told by our Financial Advisors anyway and they always competent, right?) and maximize the returns, everybody wins!

      The first Money Market to buy my ARC's (backed by student loans AAA 28 days paper (well, now it looks more like 35 years, but who is counting?) will get the case of 1982 Chateau Latour.
      View article »
    • Mon Mar 24th 21:13 PM | Rating: 0 0
      Commented on:
      Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard
      Sorry, my bad, $330 BILLIONS only.

      How many Bear Stearns those $330 BILLIONS buy even at the last month prices?

      View article »
    • Mon Mar 24th 20:08 PM | Rating: 0 0
      Commented on:
      Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard
      There is another financial broohahah is brewing
      the collapsed Auction Rates Securities market which locked
      $330,000,000,000,000 in now absolutely illiquid securities.

      I guestimate that people who invested in them did not put the last cent into them and I use conservative 1/3 of their investment assets, which means -
      those investors control over 1 TRILLION dollars worth of investments and unless the matter is resolved soon,
      the steamy investors, me included, will move our portfolios from
      UBS, Merrill, Wachovia, Banc of America and put them with institutions who didn't soil themselves with those instruments.

      The one trillion dollars Exodus will be a one heck of a show to see.

      Here is the sccop and the debth of the problem:

      nothingcontroversial.c...
      View article »
    • Mon Mar 24th 06:58 AM | Rating: 0 0
      Commented on:
      Muzzle that Market Manipulator!
      How can ANYBODY in their right minds trust the banking system today????

      1) Lots of those banks have brokerage arms,
      UBS, BAC, Wachovia Deutche Bank, the first names come to mind and how well did their research did for them? The researchers and analysts put banks themselves in trillions of dollars mortgage problem! If the system can't take care of itself, WHY would anybody expect the system to take care of...Investors!?

      2) Talking about Investors.
      The banking / brokerage system locked their biggest clients in $330,000,000,000 ARS mess!!!!
      nothingcontroversial.c...

      Should this firm our trust in the system?????

      View article »
    • Sun Mar 23rd 09:52 AM | Rating: 0 0
      Commented on:
      Market Outlook: Watch Out, the Signs Can Be Deceiving
      re: Deception appears to run rampant in the markets these days.

      I don't think you need more proof of that, but I'll post it anyway:
      nothingcontroversial.c...
      and the saddest part,
      those 330+ billions of dollars are not even on the "potential liabilities" books of the major financial institutions. Those "chickens" eventually come to roost too!
      View article »
    • Mon Feb 25th 01:50 AM | Rating: 0 0
      Commented on:
      The AMBAC Bailout Plan is Really About Banks Saving Their Own AAAsses
      I'm sure we'll rally the next two days, but than what? I don't see how 2-4 billions dollars infusion saves 500 billion insured assets industry.
      Also, as soon problem of confidence is over, and I have no doubts that 4 billions will save us all and the Wall Street and even whales, I see Fed raising rates to curb inflation and THAN what?
      View article »
    • Sun Feb 24th 18:32 PM | Rating: 0 0
      Commented on:
      A Bank Led, Bank Insurer Bailout?!
      The article is brilliant and the analogy with Florida is right on the money.
      View article »
    • Sun Feb 24th 09:45 AM | Rating: 0 0
      Commented on:
      Ruth's Chris Steak House: Wide Open to a Hostile Bid
      I used to be a regular at Ruth Chris. They treat us right, wave corkage fee (we love well aged wine and our cellar is better than theirs). We practically stopped going there. The food has changed and not to the better. Side dishes got somewhat worse and now give me the leery feeling they came from the large wholesale bucket, the meat cuts got somewhat different (the rib eye of today has no resemblance of the rib eye of the yesteryears). We stopped and some other folks stopped too (and I am talking about South Florida where the average age of diner is 70 and retirees are not afraid of economic slow downs) Best of luck with your hopes of the "white knight", I just don't see it, unless the food quality which made Ruth Chris RUTH CHRIS will return.
      View article »
    • Sun Feb 24th 06:41 AM | Rating: 0 0
      Commented on:
      Friday's Turnaround: Raid on the Shorts
      I have to disagree. The story broke up 30 minutes before the closing and the story in the responsible journalism world MUST be reported as soon as it happens. I am sure some shorts are thankful for the story, the shorts who didn't open the position in the last 30 minutes just to see gap up opening on Monday.

      If AMBAC declares bankruptcy instead, than I will fully agree with the author.
      View article »
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