apppro

Will Obama Replace Geithner with Dimon?

Until you get the shorts who brought this system down out of the market, it won't matter who's in charge of the chicken coop because we're all going to end up in their outhouse anyway.


On Nov 25 11:40 AM Graham and Dodd Investor wrote:

>
> JPM over Goldman Sachs is like saying you'd rather have a wolf guard
> the chicken coop instead of the fox.
>
> On Nov 25 09:57 AM JLK wrote:

Will Obama Replace Geithner with Dimon?

I would be much happier if Dimon would stick to JPM business and get our damn dividend reinstated before he seeks any change of venue. After he does put it back - well good riddens.

Future Gloomy for Ambac, MBIA - Berkshire Likely to Emerge as New Bond Insurance Leader

Missing the point here people! When Ambac & MBIA BOTH had to deal with Bill Ackman in late 2007, Buffett was asked to help out and his answer was to let the 2 companies get shorted to death. He immediately then opened his own muni business, but still refused to do anyhting constructive. Only till now when States like NY and CA are in dire straits do people like you come out and say something - albeit VERY wrong, but at least something.

WHAT A JOKE!!! Only thing - IT'S NOT FRIGGEN' FUNNY!!

Memo to Warren: AmEx Preferred at 15%, Warrants at $12

Maybe so, but if he's going to use his pulpit through political leaders he financed into office, then he should have been more willing to be a promoter of the greater good and not it's destroyer.
I hope his practice of having surrogates put companies into financial trouble so he can pick up the pieces, is not utilized by the innocents he just help get elected.



On Nov 16 04:02 PM Canuckify wrote:

> Apppro - why should Buffet bail you out? He has a fiduciary obligation
> on behalf of his shareholders in Berkshire not to make the same stupid
> mistakes as the rest of corporate america.
>
> While I am not a shareholder in BRK, I wonder why everyone thinks
> he will come to the rescue of everyone. He's the ultimate capitalist,
> and as GE and GS know, he drives a hard bargain.
>
> I am also humble enough to know that I shouldn't be writing him any
> memos nor making any recommendations. I can only watch, marvel at
> his patience, and try to learn a thing or two so that I can improve
> my own performance down the road.

Memo to Warren: AmEx Preferred at 15%, Warrants at $12

Here's my memo to Warren:

Hey Mr. Bigshot,
If you had just not been such a wise guy 1 year ago and had just invested in Ambac and MBIA without some absurd limits, maybe just maybe, this entire financial mess could have been prevented.
Think about it!

Time to End Government Dickering Before It's Too Late

And let's add the following - paying SPECIAL attention to #4:
1. Reinstating the Up-tick rule,

2. Cracking down on naked shorting,

3. Instituting some rules on what should be said on National TV,

4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales retroactive to 01/01/08.

5. Aid to the banks during the transition back to normality,

6. Refinance the monoline insurers with funds, so that roads can get built.. schools can be funded.. bridges will be repaired.. Etc.

7. Give money to municipalities to build.. build.. build.

8. Hold oil under $100.00 while building a natural gas infrastructure for autos. Drill.. Drill.. Drill.

9. Put back rules and regulations on short selling that have been around since the 1930’s.

10. Eliminate 'mark to market', and

11. Have the rating agencies come up with ONE set of rules and stick to them.

12. Increase the FDIC insurance for banks to give people confidence that their money is safe.

13. Set up a separate fund to lend directly to people and companies with urgent requirements, so things will get bought at the retail level - NOW and not 12 months down the road.

14. Time to heal with some reasonable behavior by market participants during this process. It’s not going to happen overnight.

Buffett Warned Us in 2003

Yeah great for him, but what has he done to help? Nothing..Squat..Zero.....
The only thing he can do is have interviews with Becky Quick telling everyone how great, but humble he is; or offer (as he did last year for Ambac) to buy a company for a penny on the dollar. I guess you could argue that in some cases, like Lehman, that would have better off then it is now.

Buffett! Don't get me started!