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    • Fri Apr 18th 09:28 AM | Rating: 0 0
      Commented on:
      Washington Mutual Shareholders Demand Accountability
      Any sensible investor would have got out of this share a long long time ago.
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    • Thu Apr 17th 11:14 AM | Rating: 0 0
      Commented on:
      Fed Bailout of Wall Street: Not Fair to the Commercial Banks
      You are dead right mate. It is a sick farce, but will anything change? I very very much doubt it.
      The basic problem is that America is a plutocracy. It is run by the rich and well connected for the rich and well connected. Look at the primaries for the presidential contest. Over $500 million spent. Money is all that counts in this country.
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    • Wed Apr 16th 06:53 AM | Rating: 0 0
      Commented on:
      Why I'm Cynical About Thornburg Mortgage
      So much of what happens in the American finanacial system is casino like. It's all cooked in favour of those running the show. No sensible investor would be involved in a stock like Thornburg at this stage.
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    • Wed Apr 16th 06:40 AM | Rating: 0 0
      Commented on:
      State Street Press Release Ain't Straight
      It was obvious a long time ago that the American financial system is totally lacking in credibility. It seems that anything goes in the quest to survive these difficult times.
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    • Tue Apr 15th 06:48 AM | Rating: 0 0
      Commented on:
      Core Banking Businesses Very Profitable Despite Writedowns and Loan Losses
      This guy does not have a position in Wachovia and I wonder if he has a position in any American bank or investment bank. But he suggests we buy them because they are great long term investments.
      The fact is these industry people are no different from car salesmen or real estate agents. All they ever want you to do is buy buy buy or at the very least don't sell. It is all about recruiting new lemmings to test if the cliff dive is still fatal.
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    • Mon Apr 14th 06:25 AM | Rating: 0 0
      Commented on:
      BSC Bailout: Fed Prevented a Domino Effect
      America's financial system doesn't have a shed of credibility. Smoke and mirrors are all that's keeping this teetering sham on two legs.
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    • Sat Apr 12th 10:10 AM | Rating: 0 0
      Commented on:
      Citi's Deal: Unclogging of the System
      John Haskell great letter. That's the best laugh I had all day. Thanks mate.
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    • Fri Apr 11th 07:40 AM | Rating: 0 0
      Commented on:
      $5 Billion Expected in Radio Merger Synergies - Bear Stearns
      SIRI has lost a huge amount of money and it hasn't come close to proving it can turn a profit. What it does have is a loyal band of fans who pump the stock incessantly. See above!
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    • Fri Apr 11th 07:29 AM | Rating: 0 0
      Commented on:
      WaMu Capital Infusion: Now That's Dilution
      The management at WaMu would have to win some sort of award on Wall Street. They have looked after their own interests magnificently in the face of a total catastrophe for the company and they still all have their jobs, undoubtedly with bigger bonuses to come. Maybe they should get an inaugural "Gordon Gecko" award. Then again, it would be incredibly competitive.
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    • Thu Apr 10th 10:02 AM | Rating: 0 0
      Commented on:
      Smelling a Short-Squeeze in Lehman
      So 1) is a non event. Well I suppose it is given that such events have become commonplace for the investment banks. And what about some Japanese conmen relieving Lehman of $350 million? Hah, another non event. I smell something entirely different and it stinks to high heaven.
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    • Wed Apr 9th 11:27 AM | Rating: 0 0
      Commented on:
      Who's Right, Merrill's Thain or the Analysts?
      Wall Street has NO credibility whatsoever. You can not trust a single word they say. If you look back over the last six months please tell me what have they got right. NOTHING!
      Why would you trust the word of the very people who have created this financial disaster? That is very very dumb.
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    • Wed Apr 9th 06:54 AM | Rating: 0 0
      Commented on:
      Let Thornburg's Demise Be a Lesson to You
      I knew in August that this market was no place for a smart investor and it won't be for some time to come, maybe a long time. If you knew what you were doing you should have done very well in the last five years. In other words be perfectly set up to sit tight and wait for the smoke to clear.
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    • Wed Apr 9th 06:42 AM | Rating: 0 0
      Commented on:
      WaMu Shareholders Left Out in the Cold, Again
      Monumentally disgusting! The greed and hide of these people take the breath away. But then rule number one of management has always been "management looks after management".
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    • Tue Apr 8th 02:56 AM | Rating: 0 0
      Commented on:
      Why JP Morgan Asked for a Fed Exemption
      Is there any rule that Uncle Ben is not prepared to bend or break to maintain the credibility of the finaancial system?
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    • Sun Apr 6th 07:31 AM | Rating: 0 0
      Commented on:
      Eleven Notes on the Cantankerous Credit Markets
      Wall Street has decreed that this market is going up no matter what the news says. But then Wall Street has no credibility whatsoever. April Fool's Day must surely go down in the annal's of sharemarket history as its most idiotic. Diabolical news greeted as great news.
      Nothing changes. After the dot com crash, these same people again and again encouraged tbe lemmings to test the height of the cliff.
      View article »
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