venividivici

Why This Rally Is Unsustainable

Very informative and entertaining article.

Prison Terms Might Be the Future for Some Bank Executives

Don't hold your breath. As a comedian once quipped, "you rob a conveniece store in America and they send you to jail for ten years, you pinch $100 million and they haul you before a congressional committee where they call you nasty names for ten minutes".

An Obama Speech to Light Wall Street on Fire

Ahh Jason Schwarz, you really are a trimmer, mate. As usual you have done yourself proud with your latest offering.
In your September 16 article, "History Suggests The Financial Bottom May Be Near", you finished with a quote from your hero, Ken Lewis., when he described the purchase of Merrill as "the strategic deal of a lifetime". Basically, he paid $50 billion for a company that would have gone to nothing in a matter of days. History of course has shown that the company actually had a massive negative worth. Just today they revised their 4th quarter loss to $15.84 billion!
I can truly believe that you would be long BAC. I just worry that there are some poor souls out there who follow your advice. If they did, they would be really really poor.

The Nefarious and Destructive World of TARP

Spot on, Andrew!

Lehman's Lies

OH great new IShortYou. They can now rape the taxpayer for everything they are worth. But a word of warning old boy. I don't think the PPT can hold this "sucker" up for much longer.

Lehman's Lies

What do you expect, mate? These fallen heroes of Wall Street are fighting for their very lives and they will basically say and do anything if they think it will allow them to survive another day.
What I do know is that in the grand tradition of the great American plutocracy none of them will get into the slightest trouble for all their lies.

Goldman Sachs and the Regulatory Arbitrage Trade

How can you be so sure, Felix, when the whole of this outrageous financial system simply does not have a shred of credibility? The excesses that went on as a matter of course defy description and that is why the whole system is now hanging by a thread.

Goldman Says "Trust Us"

I think these investments by Buffet are motivated by a fear that the market is teetering on the brink of systemic collapse, which of course would be disasterous for him. I think he is trying to show that he has faith in these "titans" of the market. MInd you, the very harsh terms he has exacted from both Goldman and GE would hardly fill anyone with great confidence because it shows how desperate they are for money at any price. It also shows that ordinary shareholders are always going to be shafted in the effort to survive

Why I Bought AIG Last Week

In early August Prudent speculations really like the look of Fannie Mae. Keep on pumping old boy and one of these days you might just get something right.

A Black Hole Nearly Swallows Wall Street

Fantastic article, Tony. Maybe something good will come out of this if the sort of things Dodd is talking about actually happen; that the disgusting people who have created this abomination are held fully accountable instead of being bailed out once again.

Cramer Also Believes Cramer Has a Branding Problem

In defence of Cramer, I think he currently has something dead right. His latest call is "SELL, SELL,SELL"

Cramer Also Believes Cramer Has a Branding Problem

Are you sure Cramer didn't write this piece of inane promotional fluff for you?
I watched a video on YouTube which covered clips of Cramer's predictions over a period of months and I lost count of the number of times he contradicted himself sometimes within days. He is just like a psychic, he only remembers the things he got right and conveniently forgets everything he got wrong. His call on Bear Stearns was a classic and when he explained why he didn't say what he actually did say, well that was pure "Cramerism".
My advice to share investors is never trust so called seers and gurus. Take responsibility and do your own research. Mind you, I wouldn't have anything to do with the market right now. It is being dominated by idiot gamblers.
As for you Cohen, I agree with papita. Stick to listening to the Rolling Stones.

A Turning Point for Financials

I think you're right smarty pants.

The Financials, the Automakers, and the Call That Cramer and All of CNBC Got Wrong

Andy I don't know why you bother with an article like this. Cramer gets it wrong again and again and again but if you dare to point this out his loyal fans will rush in and defend him to the hilt. People of low intelligence need their gurus and they infuriated by people who criticise their infallibility. I am just waiting with baited breath for Ben Stein's next offering about how it's really not that bad and if we all just hang in there and believe then everything will be just fine.

AIG: Hardly a 'Bailout', Absolutely Necessary

I agree with you entirely. I think these terms are very tough and necessary to protect America's reputation overseas. America needs, what is it, $2 to $3 billion dollars of foreign money every day of the year just to get by. If you want that flow of money to continue, boy oh boy, you better protect their interests when things go pear shaped. And you better get used to it because that's what happens when you are hopelessly in debt.