Ishortyou

U.S. Credit Card Debt: Not as Bad as Advertised

debt markets or credit markets have become so popular in the last few decades that everyone is jumping on the boat to find themselves in trouble during major economic turn downs.

Fool Me Once... Bill Miller, Meredith Whitney Face Off Again

Miller bets were ok up to the point that LEHMAN DID NOT GO BUNKRUPT, afte the unexpected fall of Lehman (due to the moral hazzard we almost all go down to hell!!!, thank you Paulson, democrats and republicans for the political game in name of your contituents..you just sent us to the medieval age..thank you thank you) all the bets were off. Now we are just recovering from the Lehman fall fiasco back to the prelehman levels, but the key still lies in the housing oversupply, everyone misses the point, politicians, counties, banks, home/comercail builders who are still pumping 300k/mo of new house starts! what that ....

The Truth About Government Stress Tests

the thing is that the bolsheviks are trying to manipulate the stress test to force the big banks to convert their preferred shares to common stock so the bolsheviks will have a major control on the banks.

Pay Back Time for Credit Card Companies

Well if you base your economy on debt and you post corporate earnings based on a John or Jane Doe credit card purchases, needless to say that you are just building a 'house of cards' economy very fragil and easy to tumble with a whisper, so yeah I think is stinky, fussy, crappy, oldy bad.

How Much Will Citi's Credit Card Losses Rise with Unemployment?

well it all stems in housing prices, when people use them like ATM's. I wonder though why the homebuilders are still pumping 300k/mo houses when we have such an overwhelming glut, dont they realize that this hurt their business as well? am I missing anything?

Most of 19 Banks Passed the Stress Test

well like it says its all speculation....no methodology on it.

Fed to Banks: Keep Quiet About Stress Test Results

Politics, politics, politics...now they fell trap in their own trikcs.

The Great Visa Debate: Refuting H.J. Huneycutt

well the whole world economy counted on an overlevered John Doe paying for stuff with easy borrowed money that he doesnt have, when John Doe couldnt pay anymore then everyone runs to the exit and the economy tanked, what a great debt market out there!

Long Visa: Not All Credit Card Companies Are Created Equal

I think Discover Financial looks pretty good DFS.

Are TARP Participants Safe Investments?

if you want your economic miracle get rid off the 18 months oversupply in housing inventories and the 600K+ new house starts and voula there you have your miracle.

Start Looking Forward to Earnings Season

Forward P/Es seem to be a reasonable way to get some feeling about investing, trail P/Es might not be that appealing, but who is providing this forward P/E information on stocks?

Tough Times for Card Companies - Barron's

Well APR are rising to hord cash to cover the hole that irresponsable lending have left behind, so that is going to affect the CC market, global recession will contribute to rising defaults and of course charge offs as well. it doesnt look pretty.

$120 Oil's Struggle with the Dow Industrials

Nah we will not use dark ages fossil fuel too much of a headache and too polluting, we gonna switch to new age technologies such as electric and hydorgen-water techs.

Upbeat Outlook for Credit Card Backed Securities - S&P

Greedy crooks in Banks and Broker firms wrapped subprime, credit cards, bad loans, roten teeth, hair, junk, etc. into structured finance vehicles i.e.: CDO-ABS-MBS-SIVs, they misled the market and bond insurers into these fraud and now everyone is paying the price with losses now the misleds have to clear up their books from that toxic waste! Rating agencies need to reinstate bond insurers triple A ratings once their books are cleared of toxic waste.

Wall Street Breakfast: Must-Know News

well looks like Moody's go unlished playing the rating game again without foundation or facts and just based on speculation. They need to reinstate triple A ratings on some of the bond insurers that were downgraded unjustifiably