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Is Dubai's Default a Black Swan Event?

And as 2nd issue:

To heck with them! Did any of those Arab countries help pay for the reconstuction of Iraq or Brunai when we got rid of Sadam for them!

Is Dubai's Default a Black Swan Event?

This is a just another example of how our collective short term trader/traitor mentality has infected the entire world now. Read the news: <<Fears of a potential sovereign default by Dubai roiled financial markets Thursday, sinking stocks across Asia and Europe and pushing up government bond prices, after Dubai said late Wednesday it would restructure Dubai World and announced a six-month standstill on repayments of the conglomerate's debt. See full story on the impact on financial markets.>>

POTENTIAL - RESTRUCTURE - STANDSTILL not default.

When we shipped all our bad paper over seas we also shipped our bad short term mentality and trading.

SO WHAT if a few rediculous malls in Dubai close up or a few of those ridiculous houses built on phony islands remain empty? That entire area was a waste of Arab oil dollars and should not be allowed to affect everyone else.

A Tale of Two Markets: Overvalued Stocks and the Declining Dollar

What deplorable commentary from many.

Let's all just short everything we can >>
close the borders >>
build bomb shelters >>
and just wait around for the nukes to hit >>
then you can cover those obnoxious short positions.

We could also turn our attention to viewing things on a longer term basis then the length of time it takes for our dinners to come out from the same end that these destruction trader/traitor theories come from.

Yeah I know - not what most of you want to hear, but the truth nonetheless!

Revised Tax Rules:

1. Capital gains under <6 months - 55% tax on capital gains
2. Capital gains 6 > 12 months - 45% tax on capital gains
3. Capital gains 1 > 2 years - 35% tax on capital gains
4. Capital gains 2 > 5 years - 18% tax on capital gains
5. Capital gains 5+ years - 5% tax on capital gain
6. Most critical of all — Institute a capital gains tax of 55% on ALL short sales not directly tied to a long buy by a licensed hedge fund.

Bank Dilution Looms for 2010

Maybe a know-nothing pundit dilution for 2010 would be more appropriate.

In Defense of Meredith Whitney

It's such a joke, but as you look over the so-called 'ratings' for each article it becomes obvious that the ones that seem a little positive on ourselves and our economy get more thumbs down; while those that are by obvious short-term traders/traitors that bash our Nation and economy get the most thumbs up.

I think that says it all about our trader/traitor Nation.

In Defense of Meredith Whitney

Her horrid anal_ysis and deplorable desire to be a CNBS media hog are reasons enough to say that this woman deserves no defense.
I am of the belief that much of what happened last year was an orchestrated short-sellers event sponsored by the likes of Paulson, Chanos, etc. through the coordinated use of so-called pundits like Whitless and Dr. Dumb.

When are going to see the truth about "The Shorting of America"?

Jamie Dimon Makes Best Case for Not Breaking Up Big Banks

It's amazing how just the other day that same Jamie article had the diametrically apposed interpretation. In either case, I feel my comment made to those prior articles still applies:

<<Jamie should learn to keep his fat mouth shut, imo! JPM was just one step away from going the same way that Lehman's and even Bear did. Last March no bank was safe and if we hadn't put an end to the insanity by eliminating M2M, among other things - well the so-called suspect rally would never have occurred and we all would be lighting campfires next to our tents in Squatter City!

The shorts that took us all to the brink last year saw no qualms about driving even the mighty JPM down to $15.00 - it would have gone lower if things in macro hadn't changed.

Jamie would better serve his share holders (of which I am one) by getting our damn dividend back, keeping his mouth shut, buying back stock, and going after the shorts that still destroy this stock almost everyday at 10:40am.>>

John Paulson's Hedge Fund Position Updates

He's a bottom feeder not an investor.

Too Big to Fail: The Real Choice

<<Jamie Dimon penned an op-ed piece for The Washington Post, arguing that the "term 'too big to fail' must be excised from our vocabulary," and that the industry should pay its fair share.>>

Jamie should learn to keep his fat mouth shut, imo! JPM was just one step away from going the same way that Lehman's and even Bear did. Last March no bank was safe and if we hadn't put an end to the insanity by eliminating M2M, among other things - well the so-called suspect rally would never have occurred and we all would be lighting campfires next to our tents in Squatter City!

The shorts that took us all to the brink last year saw no qualms about driving even the mighty JPM down to $15.00 - it would have gone lower if things in macro hadn't changed.

Jamie would better serve his share holders (of which I am one) by getting our damn dividend back, keeping his mouth shut, buying back stock, and going after the shorts that still destroy this stock almost everyday at 10:40am.

Credit Crisis Continues as Companies, Banks Hoard Cash

Banks are hoarding cash! Do you blame them?

If someone were constantly telling me I was going broke and would soon be insolvent and that every loan I have was worthless and that every mortgage I had would not get paid – I too would do everything I could to avoid the pundit bashing and the pending Armageddon.

You can’t have it both ways. You wanted all the leverage needed to back all those loans to be withdrawn basically overnight, then you demanded that the banks basically have DOLLAR for DOLLAR backstops on all the loans and accounts they did have, BUT now you want them to loan out the very money that you DEMANDED them to keep.

WHAT HYPOCRISY!

CIT Group: Taxpayers' Investment Is Virtually Worthless

Thank you Goldman, Pimco, & Ichann.

Q4 Outlook: Real Life Stress Tests Begin

Those somewhat 'pre-arranged' bankruptcies appear more to be the process by which we now allow vultures to swoop in and devour the carcasses of what used to be viable companies. The fact that Carl Ichann is trying to pick the bones of CIT at the end is just proof of our collective ignorance and their collective greed. Where was he 10 months ago when Pimco and GS were placing the nails in CIT's coffin?
Has anyone given any thought to how all this REALLY started? Oh yeah, I forgot > some bad housing and loans - BS!

Liberals and Conservatives Agree: Proposed Oversight Bill Will Make Things Worse

Unfortunately, this administration will implode just like our markets did.


On Oct 30 07:59 AM grbn wrote:

> despite the perceived "risk" to the economy, we cannot give a corrupt
> government committed to wealth redistribution, income equity, and
> social change more power. there are no checks and balances in washington.

Liberals and Conservatives Agree: Proposed Oversight Bill Will Make Things Worse

There are few, if any ways to regulate people's behavior. If someone is hell bent on doing something they'll find a way. We accused our banking CEO's of doing the wrong thing, but, when it comes down to it they were (like Al Capone), "Just giving the people what they wanted."

So how do we fix out markets? I have always realized that the easiest way to change a person's behavior is to GET THEM WERE IT HURTS - THEIR WALLETS! Change our tax laws to reward LONG-term investing. Most of our current issues are cause by the short-term option trader/traitor mentality that we have fostered.

Revised Tax Rules:

1. Capital gains under <6 months - 55% tax on capital gains
2. Capital gains 6 > 12 months - 45% tax on capital gains
3. Capital gains 1 > 2 years - 35% tax on capital gains
4. Capital gains 2 > 5 years - 18% tax on capital gains
5. Capital gains 5+ years - 5% tax on capital gains
6. Most critical of all — Institute a capital gains tax of 55% on ALL short sales not directly tied to a long buy by a licensed hedge fund. I'm tired of paying for the pure shorts 3rd vacation home.

We must also go back to our colleges and universities and ask why they have spent the last 2 decades educating our prime youth in financial chicanery and not into how to build roads and the next generation of energy production.

Dinallo Has Common Sense Solutions on CDS and Regulatory Issues

ALL I know is, is that while Bill Ackman was screwing over MBIA and Ambac through his relentless rumormongering & Naked shorting back in 2007 Dinallo did nothing. Best he could do was to go on CNBC and say we need the muni's to survive. Lot of good that did! Not once did he scream to Wilbur Ross or Buffett to help out and stop the insane naked shorting and mindless manipulation of ABK's CDS's thru M2M. Even when Buffett made that ridiculous offer to buy ONLY the muni's and leave MBIA & ABK with the subprime - Dinallo did squat. He had no solution then and believe me he has none now either. He let everyone hang out to dry because he was afraid of Spitzer back in 2007 and has no one to back him up now.

Cramer named it the other night when he screamed that the short sellers who brought the system down are getting away with it, and this time he is sure right about something.