katec's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/160621/comments http://seekingalpha.com/article/144581-should-we-reinstate-glass-steagall?source=feed#comment-720390 720390 Mon, 19 Oct 2009 09:57:09 -0400 http://seekingalpha.com/article/124335-bofa-wells-fargo-no-equity-after-accounting-for-bad-loans?source=feed#comment-414865 414865 Thu, 05 Mar 2009 16:19:18 -0500 http://seekingalpha.com/article/117682-top-2009-fund-of-funds?source=feed#comment-372152 372152 Sat, 31 Jan 2009 17:01:43 -0500 http://seekingalpha.com/article/116932-eight-mistakes-that-caused-the-financial-crisis?source=feed#comment-368623 368623
It is a shame that no one with all the economic "savvy" of Hank Paulson or Tim Geitner did not see the impact of letting Lehman fail would have!?!??!!?

Restore the uptick rule, please!
]]> Wed, 28 Jan 2009 11:08:06 -0500
It is a shame that no one with all the economic "savvy" of Hank Paulson or Tim Geitner did not see the impact of letting Lehman fail would have!?!??!!?

Restore the uptick rule, please!
]]> http://seekingalpha.com/article/116201-adding-up-the-white-house-pay-freeze?source=feed#comment-366480 366480
Furthermore, the best thing for the Gitmo prisoners would be to incarcerate them in our prisons...they would be taken care of!!

Plus, a strong statement would be for the congress to not accept any pay increases!!
]]> Mon, 26 Jan 2009 10:56:52 -0500
Furthermore, the best thing for the Gitmo prisoners would be to incarcerate them in our prisons...they would be taken care of!!

Plus, a strong statement would be for the congress to not accept any pay increases!!
]]> http://seekingalpha.com/article/112876-10-stupid-moves-that-created-this-mess?source=feed#comment-344326 344326
We never fail to learn from the past! We need regulations which would alleviate more ownership from the US Government. It is strange how everyone thought that Mr. Greenspan was such a genius!! We all know that George W was never elected to be our President. Let us all hope that we are in for a change but a mess for President-elect Obama to clean up or whoever would have been elected!


On Jan 01 12:12 PM Aryamehr wrote:

> As a mortgage banker I saw it all. In 1998 I decided to enter the
> mortgage lending business for a third time. Initially wholesale lending
> worked its cogs, according to the prevailing market parameters. Securitization
> as intended brought about the efficiencies purported by those free
> market advocates of deregulation and the world took heed. As we now
> know securitization of the mortgage industry was on the 'menu de
> fare' of almost every member of the OECD countries. During this same
> period the 'world's central bank,' the Federal Reserve, and I say
> this with emphasis, took a reckless glide path towards lower interest
> rates, even when small bubbles began to manifest themselves in the
> latter part of 2003. The Economist magazine did a perfect job of
> heralding a brewing bubble, however most of those in the financial
> community continued to enjoy the party under its host, Mr. Greenspan.
> Since Mr. Greenspan was given complete latitude under his supervisor,
> Mr. Bush, a nincompoop of the first order; probably and hopefully
> the only one in US history. To make matters worse traditional lending
> standards were compromised: lenders no longer were obligated to hold
> on to the MBS and the CDO they created, once the loans were originated
> they were sold off to disparate investors; AIG, GE, Pension Funds,
> Private Hedge Funds, the GSE’s (FNM & FRE) and many Foreign Investors.
> The investors hedged their losses by buying credit default swaps
> (CDS) under the presumption that this instrument insured them against
> any possible defaults. This all worked well so long as the assets
> they were securitizing performed, however you would have to be an
> idiot to believe real estate values would continue to climb at 20%
> a year while most peoples wages were barely keeping up with the artificial
> rate of inflation (2-3%). In retrospect the media didn’t take much
> time to promulgate the underpinnings of an investment community gone
> wild. The dominos began to fall; Countrywide, Bear Stearns, Lehman
> Brothers, Indymac, Uncle Freddie and Aunty Fannie, AIG, Washington
> Mutual, Wachovia et al. To put things in a laconic perspective: what
> these entities did was create conduits off their balance sheets called
> structured investment vehicles (SIVs) that allowed them to avoid
> banking and insurance regulators. The Banking and Insurance industry
> have rules and regulations that would have barred a lot of the business
> practices that took place had the regulators done their jobs, however
> allowing the financial community to do as they please under the pretext
> of financial innovation is what got us into this mess. Now that the
> underpinnings of this feeding frenzy have been divulged we know that
> CDS are not ersatz forms of insurance and ABS absent of traditional
> governance and regulation are very risking investments. Had it not
> been for the Tax payer benevolence under the troubled asset relief
> program (TARP), I would surmise that the entire financial community
> would have been brought to their knees and the mighty dollar would
> have been toppled from its vaunted mantel. Nevertheless, the bail
> out will do its job, given sufficient time but the financial community
> will need to go through a metamorphosis, from opacity to unequivocal
> transparency if faith in these surviving entities is to be restored.]]> Fri, 02 Jan 2009 13:04:16 -0500
We never fail to learn from the past! We need regulations which would alleviate more ownership from the US Government. It is strange how everyone thought that Mr. Greenspan was such a genius!! We all know that George W was never elected to be our President. Let us all hope that we are in for a change but a mess for President-elect Obama to clean up or whoever would have been elected!


On Jan 01 12:12 PM Aryamehr wrote:

> As a mortgage banker I saw it all. In 1998 I decided to enter the
> mortgage lending business for a third time. Initially wholesale lending
> worked its cogs, according to the prevailing market parameters. Securitization
> as intended brought about the efficiencies purported by those free
> market advocates of deregulation and the world took heed. As we now
> know securitization of the mortgage industry was on the 'menu de
> fare' of almost every member of the OECD countries. During this same
> period the 'world's central bank,' the Federal Reserve, and I say
> this with emphasis, took a reckless glide path towards lower interest
> rates, even when small bubbles began to manifest themselves in the
> latter part of 2003. The Economist magazine did a perfect job of
> heralding a brewing bubble, however most of those in the financial
> community continued to enjoy the party under its host, Mr. Greenspan.
> Since Mr. Greenspan was given complete latitude under his supervisor,
> Mr. Bush, a nincompoop of the first order; probably and hopefully
> the only one in US history. To make matters worse traditional lending
> standards were compromised: lenders no longer were obligated to hold
> on to the MBS and the CDO they created, once the loans were originated
> they were sold off to disparate investors; AIG, GE, Pension Funds,
> Private Hedge Funds, the GSE’s (FNM & FRE) and many Foreign Investors.
> The investors hedged their losses by buying credit default swaps
> (CDS) under the presumption that this instrument insured them against
> any possible defaults. This all worked well so long as the assets
> they were securitizing performed, however you would have to be an
> idiot to believe real estate values would continue to climb at 20%
> a year while most peoples wages were barely keeping up with the artificial
> rate of inflation (2-3%). In retrospect the media didn’t take much
> time to promulgate the underpinnings of an investment community gone
> wild. The dominos began to fall; Countrywide, Bear Stearns, Lehman
> Brothers, Indymac, Uncle Freddie and Aunty Fannie, AIG, Washington
> Mutual, Wachovia et al. To put things in a laconic perspective: what
> these entities did was create conduits off their balance sheets called
> structured investment vehicles (SIVs) that allowed them to avoid
> banking and insurance regulators. The Banking and Insurance industry
> have rules and regulations that would have barred a lot of the business
> practices that took place had the regulators done their jobs, however
> allowing the financial community to do as they please under the pretext
> of financial innovation is what got us into this mess. Now that the
> underpinnings of this feeding frenzy have been divulged we know that
> CDS are not ersatz forms of insurance and ABS absent of traditional
> governance and regulation are very risking investments. Had it not
> been for the Tax payer benevolence under the troubled asset relief
> program (TARP), I would surmise that the entire financial community
> would have been brought to their knees and the mighty dollar would
> have been toppled from its vaunted mantel. Nevertheless, the bail
> out will do its job, given sufficient time but the financial community
> will need to go through a metamorphosis, from opacity to unequivocal
> transparency if faith in these surviving entities is to be restored.]]> http://seekingalpha.com/article/112875-3-gold-miners-that-stand-to-sparkle-from-growing-demand?source=feed#comment-344286 344286

On Jan 01 08:47 PM RBSTOCKS wrote:

> All I can say is WOW!
> First off I really believe that if you write and article, however
> you define "Article", you should not be pushing and stock, maybe
> a sector, but not a specific stock. It seems to me that when you
> push a stock or two or three, it is because you have stake in it
> and hope to drive up the price thru someone else’s excitement. Yes
> I do believe that the mining sector in gold and silver and several
> other minerals’ are ready to start a move back up after a sharp correction,
> but I will not call out any one stock over another. The likely hood
> that I or anyone that writes articles here would pick wisely for
> you is like throwing darts 20 feet at a wall of stocks on post it
> notes. I do agree with one post that this article is a bit late,
> but historically AUY tends to jump ahead of the game, I do not follow
> the other two listed. Perhaps they are an indication that these sectors
> are about to move as a whole. I for one stick to charts for most
> of my decision making processes for buying or selling a stock, and
> could list many miners that appear to have bottomed and are beginning
> to move again, but as I stated it is not my place to push anyone
> to buy anything.]]> Fri, 02 Jan 2009 12:20:25 -0500

On Jan 01 08:47 PM RBSTOCKS wrote:

> All I can say is WOW!
> First off I really believe that if you write and article, however
> you define "Article", you should not be pushing and stock, maybe
> a sector, but not a specific stock. It seems to me that when you
> push a stock or two or three, it is because you have stake in it
> and hope to drive up the price thru someone else’s excitement. Yes
> I do believe that the mining sector in gold and silver and several
> other minerals’ are ready to start a move back up after a sharp correction,
> but I will not call out any one stock over another. The likely hood
> that I or anyone that writes articles here would pick wisely for
> you is like throwing darts 20 feet at a wall of stocks on post it
> notes. I do agree with one post that this article is a bit late,
> but historically AUY tends to jump ahead of the game, I do not follow
> the other two listed. Perhaps they are an indication that these sectors
> are about to move as a whole. I for one stick to charts for most
> of my decision making processes for buying or selling a stock, and
> could list many miners that appear to have bottomed and are beginning
> to move again, but as I stated it is not my place to push anyone
> to buy anything.]]> http://seekingalpha.com/article/105660-reasons-to-bail-out-gm?source=feed#comment-304449 304449 Wed, 12 Nov 2008 16:17:36 -0500 http://seekingalpha.com/article/105153-the-need-for-a-new-approach-to-regulation?source=feed#comment-302367 302367
Why can't we take similar steps with other types of companies and place a cap on their growth, so that the health of the economy isn't depending on a small number of executives always making smart, rational decisions?
]]> Mon, 10 Nov 2008 17:22:03 -0500
Why can't we take similar steps with other types of companies and place a cap on their growth, so that the health of the economy isn't depending on a small number of executives always making smart, rational decisions?
]]> http://seekingalpha.com/article/104125-global-markets-meet-president-obama-now-what?source=feed#comment-299007 299007 Wed, 05 Nov 2008 19:15:30 -0500 http://seekingalpha.com/article/100664-u-s-voters-lean-toward-government-intervention-here-s-how-to-invest-for-it?source=feed#comment-286775 286775 Mon, 20 Oct 2008 21:09:06 -0400 http://seekingalpha.com/article/67268-in-defense-of-northrup-grumman-s-usaf-contract-win?source=feed#comment-122637 122637 Wed, 05 Mar 2008 18:17:41 -0500