AlexS

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+7 / 0

173 Comments

    • Thu Sep 25th 12:43 PM | Rating: 0 0
      Commented on:
      There Are Still Good Investments Out There
      Buffett got shares of stock on terms unavailable to the rest of us. There really are different rules for him and those like him. Personally I think we should take him up on his earlier complaint and just tax the heck out of him.
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    • Thu Sep 25th 12:01 PM | Rating: 0 0
      Commented on:
      An Absence of Leadership
      Big Media slams any candidate who sneezes the wrong way. They immediately put out polls on which candidate has sneezed right. And you want leadership? Leadership would tell the New York Times to go to hell.
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    • Thu Sep 25th 07:58 AM | Rating: 0 0
      Commented on:
      McCain ETFs: What If the 'Maverick' Pulls It Off?
      ETFs for Obama, consisting of young companies with no product, no profits, in the fields of alternative energy, and with political connections to highly place members of Congress or the administration.
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    • Thu Sep 25th 07:44 AM | Rating: 0 0
      Commented on:
      Re-Invigorate Main Street, Instead of Bailing Out Wall Street
      Some people seem to think that by avoiding the "bailout" that they can avoid spending to correct the damage that's been done. Sorry, the damage has already been done. People blame it on Wall Street, but Wall Street was just supplying the product that was requested. Cheap mortgages. You look back through the stories of the times and find that whenever conservative businessmen questioned whether Fannie Mae was getting too big, they were told shut up, you'll ruin everything. Do you want the boom to fail? Home builders especially, and liberal politicians who wanted their pals and the poor to have expensive homes with no money down. That was the party. This is the hangover.
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    • Wed Sep 24th 23:23 PM | Rating: 0 0
      Commented on:
      The Presidential Speech, in Context
      Hoover tried this after the 1932 election and before FDR was installed. FDR responded by saying he was on a boat cruise around Florida, thereby forestalling any blame from any concerted action. The economy couldn't stand the suspense and the banks tanked. FDR, what a guy. Never let a little thing like human misery interfere with your drive for more political power. Part of the fallout for this was to move the inauguration from March up to January. Later, of course, FDR was to be President until he died, at the start of his fourth term. Part of the fallout from that was to limit the President to two terms.
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    • Wed Sep 24th 22:56 PM | Rating: 0 0
      Commented on:
      You Can't Handle The Truth
      Nah, he just doesn't want any of this to end up in the court system. The trial lawyers are everywhere. First beaten by the politicians and the bankers, then finished off by the lawyers.
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    • Wed Sep 24th 16:56 PM | Rating: 0 0
      Commented on:
      The Real Reason Behind the Global Financial Crisis, Part III
      Sounds to me like a Ponzi Scheme all to cover the poor prospects of subprime loans. I believe Fannie and Freddie were in the midst of this all, acting to increase subprime (i.e. junk) loans at the behest of some powerful people in Congress. Unfortunately they're still powerful - indeed, even more so.
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    • Wed Sep 24th 15:37 PM | Rating: 0 0
      Commented on:
      Curing the Credit Crisis: A Better Alternative Plan
      I agree with dbjn. We have yet to decide who is going to pay for all those subprime walk aways. I'll give you a hint. We don't have debtor's prison any more. I'm sure it was worth it (sarcasm) for Dodd et al to win re-election with their votes.
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    • Tue Sep 23rd 16:53 PM | Rating: 0 0
      Commented on:
      How Did We Get to This Point?
      Yep. Securitization's been a great opportunity. Well, it was when we had GNMA pass throughs. But once Fannie and Freddie got together with Congress and decided that subprime lending would be a key goal, and once the SEC decided in 1995 that derivatives were OK with them, and once Glass-Steagall got repealed in 1999, then the perfect storm just kept building and building. And then we were in it. And so we are.
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    • Thu Sep 18th 17:01 PM | Rating: 0 0
      Commented on:
      RTC: Creating a Big Bad Bank
      Disagree. Somebody's got to figure out which mortgages go with which derivative securities. It's unfortunate that the Clinton administration came up with derivatives to hide Fannie and Freddie's junk mortgages.
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    • Thu Sep 18th 16:16 PM | Rating: 0 0
      Commented on:
      This Is Not the Time for Political Grandstanding
      I'll be voting for McCain but you're right. He should shut up about all this. Take a couple of courses in economics first, at least.
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    • Thu Sep 18th 16:09 PM | Rating: 0 0
      Commented on:
      Bush Speaks, Sort Of
      Nah. He really didn't need to say much. Hank and Ben are doing the heavy lifting. And now Cox.

      Carter was consistently stupid (and still is). Even while the Congress (Democratic Congress) was going to cut capital gains taxes toward the end of his administration, Carter was actually arguing for a tax INCREASE, even in the midst of stagflation. Unbelievable!
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    • Thu Sep 18th 15:59 PM | Rating: 0 0
      Commented on:
      Hedge Funds May Have Gone Too Far
      Good article. Sad to say the government has always operated by one set of rules for them and another set of rules for us. I think it's great that the SEC is finally moving against naked short selling a.k.a. fraud.
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    • Thu Sep 18th 14:56 PM | Rating: 0 0
      Commented on:
      Should We Panic Yet? Another Institutional Money Fund Breaks the Buck
      "The Best and the Brightist". Wasn't that a book about how a bunch of really smart people got in over their heads in the Vietnam war? And wasn't that similar to the name of the geniuses that helped FDR extend the Depression for another 8 years after he took office?
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    • Thu Sep 18th 14:06 PM | Rating: 0 0
      Commented on:
      Palin's Email: Publicity Yahoo Doesn't Need
      I wonder what happens if you call Yahoo and tell them you forgot the password and give them your e-mail address. Do they give you a new password over the phone and tell you they've reset it to "abc" or some such? Maybe someone just pretended to be Palin. Maybe it was an inside job and an Obama-sympathizer Yahoo-employee got access to Palin's e-mail. As Andy Devine said in one of his movies, "Remember, 90% of all serious crime is an inside job."
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