devassocx

Too Big to Fail Banks: A Simple Solution

yes, what is this 'too big to fail' nonsense???

There is no reason to go beyond that statement.

The answer is simple...just cut up these giants.

Then their failure would not comprise devastation
on national economies.

Just no need to agonize over some expensive, convoluted and complex maze of laws and regulations.


On Nov 10 11:08 AM fizzicyst wrote:

> Not simple and not effective enough. You just gave the reasons why:
> lawyers/loopholes.
>
> The only foolproof way is break them into pieces small enough to
> fail and them let'em. No ineffective regulators involved !

The Complete List of Indian ADRs

While not necessarily ADRs, these additional call letters have
interests in India


CTSH EPI GGR IFN IGTE IIF LIOX RBXZF.PK
SAPE SIFY SLTC SYNT VDNRF.PK

California May Add 365MW of Renewable Capacity in 2009, Still Short of 20% Mandate

the geo power should be an economical source but what sort of
utility bill hikes will the consumer be hit with for the wind and
solar sources??? I think that will be a real problem.

Inovio Biomedical: DNA Vaccine Delivery Innovator

That is all wonderful but this company has been working in this
area for many years, burned through a ton of cash and is still years away from FDA approval.

I think this is a very risky and speculative investment

Banking Sector: Worst Is Yet to Come

Yes, I think you are wrong...Politicians have always been just
as corrupt as now. The difference is that in the past it was much
easier to hide the corruption.

However, if you study history, a lot of corruption still happened.

Think about Chicago history and several other eastern cities and
even Seattle, Wa. All had periods rife with scandals.

On competence, I think that hasn't changed much either but perhaps
the complexity of the problems have increased.


On Oct 03 01:22 PM Mike from NYC wrote:

> Almost all former and current politicians are idiots and they appoint
> idiots like themselves to run our financial sector.
>
> During the Depression the politicians were smarter and less corrupt
> and they chose people like themselves to run the financial sector.
>
>
> Is it any wonder our financial sector has veered more and more out
> of control these past 15 years or so when Depression era regulations
> were repealed and called 'Market Reform'?
>
> Let's face it ladies and gentlemen, with such incompetent and corrupt
> politicians, both Democrat and Republicans, our country is screwed
> no matter how you cut the cake.
>
> Am I wrong?

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

This program is certainly not energy, nor environmentally
sound. It takes a ton of energy and materials to produce a car.

If you have a low fuel mileage clunker, and you don't drive much
then it has a minimal effect on the environment.

Remember, this program is being brought to you by the same people
that gave you the post office, the VA hospital system, ethanol fuel
and now want to give you health care.

I note that even this modest clunker program hasn't operated smoothly as it ran out of funds almost immediately.

The article has already pointed out the program's enormous cost
being paid for with money borrowed from friendly places like China.

So much for the intelligence and structuring behind plans such as
this.

On Jul 31 06:08 PM Alfredo Martinez wrote:

> I never thought that this country would get so far off track that
> we would start using tax dollars to pay for people to buy a brand
> new car, then turn around and destroy the traded used cars and dump
> them in a landfill.
>
> This country is so screwed.

Inflation vs. Deflation: Pick Your Poison

For sure inflation is here, it just isn't being measured because
that wouldn't be convenient to the huge economic and political manipulations that are going on.


On Jul 24 02:29 PM ussmls7 wrote:

> Inflation is already here in the prices of food & every day living
> expences. But it will only get worse,as China & all of the other
> Nations spend their dollars for assets they are stocking up on,like
> Gold,Steel,Copper. The dollar is dead, but does not know it yet!

2 Thoughts on California

The entire system is rigged against the taxpayer and for the
government, both in California and at the Federal level.

Something is going to blow at some point and I sense that
the people are getting real tired of their current governments.

China's Stock Market Bubble Inflating

Maybe there is a china bubble...but there is a big difference
between china and the U.S.

China has money, the U.S. only has debt...we are beyond broke.

California's Default Is Certain

It is generally considered bad to give another fix to a drug addict as
it does nothing to help the addict kick his habit.
.
It follows therefore, that a federal bailout to California is ill advised.


On Jun 28 11:15 AM secmaven wrote:

> 20 billion from the Feds to keep CA up and running is chicken feed.
> Ten times this amount has been pumped into ONE defunct insurance
> company headquartered in NYC. Send a pittance of this money west
> and the good times wills surely keep rolling.

California: Too Big to Fail?

Or maybe we should have a huge tax on people who suggest such
a thing!


On Jun 23 12:28 PM snagglesnarf wrote:

> We should have an exit tax for all the people leaving California.

California's Permanent Crisis

So you are suggesting new taxes?

Where will that end?

The answer is NEVER!

The real solution is to stop the spending and for the state to
live within its means, which it hasn't done for many years.

What applies to household budgets ultimately applies to California
as well.

The party is over!

There is no more money and the smoke and mirrors have to stop!


On Jun 21 09:58 AM Mad Hedge Fund Trader wrote:

> this can't go on forever. Sadly, once again, my once beloved but
> now spurned home state of California is threatening to commit suicide.
> The formerly Golden State officially runs out of cash in 50 days,
> and our body building governator, Arnold Schwarzenegger, refuses
> to borrow any more until the legislature delivers $24 billion in
> spending cuts. Standard & Poor’s has placed it on Credit Watch,
> and premiums for credit default swaps on the state’s debt have already
> spiked back up to 300 bp. I got a letter today from Robert Birgeneau,
> Chancellor of the University of California at Berkeley, where my
> son goes to school, telling me that his budget shortfall has just
> leapt from $67 million to $145 million, and that tuition is going
> up 9.3%, while staff wages will be cut by 8%, and financial aid will
> be chopped to the bone. Yikes! And this is the place we are counting
> on to deliver the scientists, engineers, and professionals who are
> supposed to keep us globally competitive. Pleas to Obama for a bailout
> have already been brushed aside, like a pesky fly. He rightly sees
> us as an alcoholic friend asking to buy him just one last drink.
> A default would be no joke, as California accounts for 15% of US
> GDP, and ranks as the world’s eighth largest economy. Few realize
> that the state is home to the country’s second highest per capita
> payers of tax revenue into Treasury coffers, after New York (Sarah
> Palin’s Alaska is the lowest). Hardly a day goes by without banner
> headlines about closing state parks, cancelling local sports programs,
> or freezing payments to mothers with dependent children. In fact,
> most state residents now prefer the Sacramento government to go bust
> in order to bring a speedier resolution. There is only one possible
> solution. A new governor holds a constitutional convention to reduce
> the vote to pass a budget from two thirds to 50%, or a statewide
> voter initiative accomplishes the same. Maybe ex Ebay CEO Meg Whitman,
> who will run for Arnold’s job next year, is up to the task?

Wall Street Breakfast: Must-Know News

It is all starting to come unglued. Maybe finally, the people
will understand what bad leaders they have put in Sacramento
and just maybe demand the proper changes(read as downsizing).

Look for things to get much worse very soon.

Wall Street Breakfast: Must-Know News

sort of like alcohol? Or that supersized big mac?

The tobacco thing is purely a political driven agenda...sort
of like global warming.


On Jun 12 08:49 AM spald_fr wrote:

> "Tobacco under FDA control"
>
> Tobacco is currently a legal product. Due to its inherent toxic
> effects (including addiction) and its contribution to ever-increasing
> health costs, perhaps it's time for the FDA to entirely ban the usage
> of tabacco.

Why GM's Not the Only Company Rush Limbaugh Should Boycott

I don't listen to Rush all the time but it seems to me that
recently GM ads have been running on his program, so I don't
really know what the point of this article is.


On Jun 10 11:32 PM Mr. Ed, Jr. wrote:

> The report is incorrect. Limbaugh does not support a boycott. (There
> is nothing in the author's quotes that has Limbaugh supporting the
> boycott-- he only is saying that many Americans are boycotting )
>
>
> The following is Limbaugh's response to the media story :
>
> " Now, for the record, ladies and gentlemen, I don't do boycotts.
> I do not sponsor them; I do not encourage them. I never have. I
> think it is media childishness when people start urging boycotts.
> I have never, ever done such a thing, and I didn't do this with General
> Motors. All I did, to clarify, was report a poll that said X number
> of Americans -- what was it, 18 or 20% -- say they are not going
> to buy a GM car anymore, after this bailout. "
>
> Also, I do not believe Sean Hannity is supporting a boycott. Last
> I heard, he was still doing "spontaneous" infomercials for his Cadillac.
>
>
> Hugh Hewitt was another conservative named in the Detroit News story.
> I do not know Hewitt's views on a boycott, but since the media has
> it wrong about Limbaugh (as usual), there is no reason to believe
> they got the rest of the story right.