mrtaxx

Short Sales: SEC Turns Back the Clock to 1931

Short sell stopped on 19 financial stocks, isn't that unjust, how about all the other stocks that are manipulated. Why do the financials get this break? Oh I know they control all the money. Another farce by the SEC, another useless government agency that doesn't know how to do their job or just keeps looking the other way.

Under The Radar News - Tuesday

APPLE: MacDailyNews Response to the downgrade
MacDailyNews Take: April 8, 2008: Poor Tavis of Morgan Keegan obviously couldn't analyze his way out of a wet paper bag. The real risk here is in listening to analysts employed by second-tier regional firms who fall hook, line, and sinker for ginned up election year efforts to talk down the economy* while ignoring and/or not comprehending what's really happening at Apple Inc.

*Which, of course, can become self-fulfilling prophesies. Still, we require proof that any weakness in consumer technology spending is actually impacting Apple negatively rather than positively. For example, perhaps any threat of "recession" will cause people to spend their technology dollars much more wisely, thereby getting themselves Macs which run all of the world's software and also retain their value far better than run-of-the-mill PCs? There are a lot of variables in play here and McCourt is out of touch with, frankly, better analysts who cover Apple.

Of the 28 analyst firms making recommendations on Apple Inc (AAPL) stock today, as covered by NASDAQ:
• 8 - Strong Buy
• 16 - Buy
• 3 - Hold

And only one, little ol' Morgan Keegan, says "Underperform."

The Credit Bubble: Deregulation Gone Wild

To resolve the crisis the article suggests "If banks of all sizes could regain their capital immediately and easily, it would be a tremendous benefit to the American economy. The federal government could make this happen by entering into an arrangement with American banks that hold subprime mortgages...Here’s how it would work: *The government would guarantee the principal of the mortgages for 15 years. And in exchange the banks would agree to leave their “teaser” interest rates on those loans in effect for the entire 15 years. "*.

So it's suggested that people, mortgage co.'s and banks etc. who may have commited fraud by enhancing their income on mortgage applications and doing whatever other shnanagins they did, should get away with it, get great mortgage rates and all the other American taxpayers should pay for it. Now that's simply wrong because their problems should not be my problems and the problems on honest people and bankers. However I would not mind this 15 year plan being done if those who committed fraud and other shananagins and wanted to live and stay in their homes gave up their appreciaition in those homes in full or to some extent after the 15 years to pay back the reduction they received in interest rates by the rates not being increased after the teaser rate period ended.