venividivici

Lloyds Buys HBOS: Good Deal or Bad?

I think a lot of this is going on and it is based on the principle that if you tie two lead ballons together then the combined entity will soar. And maybe it will work if they can simply overcome the laws of physics or in this case the laws of accounting.

Can the US Government Afford Future Bailouts?

I really don't know why you call yourself "Prudent" because that is a serious misnomer. As for your ramblings, I went back and had a look at what you've had to say about Freddie and Fannie in the past and you have been very consistent, CONSISTENTLY WRONG! I suppose if you keep on trying one of these days you might actually get something right but I wouldn't hold my breath.

Humpty Stearns Can't Go Back on the Wall

Good article.

Don’t Buy What Wall Street Is Selling

Spot on Martin, spot on. The greater the excess, the greater the punishment. And boy oh boy, has there ever been some excess out there.

Lehman Brothers: Accomplishing What Bear Could Not?

A so called "prudent speculator" pumping idiot speculators. Keep pumping old boy! Lemon needs all the pumping they can get.

Why Wall St. Needed Credit Default Swaps

Great posting zolio. It's a pity there are not more MBAs like you.

Why Wall St. Needed Credit Default Swaps

This is the best article I have ever read on the subject. Well done Thomas!
As Gordon Gecko said in the film, "Wall Street", "greed for the want of a better word is good. Greed works". And Wall Street has certainly excelled itself this time around.

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.

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.

Bear's Creditors Were the Ones Bailed Out

I think you are dead right mate!

The Coming Crash of 2008: A Result of Overleveraging

Good post. I am no doomsdayer. I did fantastically well trading the market last year. But I agree with you. There is something very ugly coming down the track.

The Worst Trade Of All Time

This guy apparently made his fortune trading in currencies. It just makes you wonder how much of it is luck rather than skill.

Credit Market Mayhem and the S&L Crisis: Drawing Parallels

"The high water mark of this financial markets crisis is now behind us" How can you possibly know this? The housing market still has a long way to fall and that's going to cause further huge losses. What happens if Uncle Ben runs out of rabbits to pull out of his hat?

Jim Cramer's Mad Money In-Depth, 3/18/08: ...And the Henry Potter Award Goes to...

Why do you promote this man? He gets away with the most horrendous mistakes and people in the industry rarely stand up to him. He should join that other untouchable guru, Abby Cohen and RETIRE.

Let's Get Real About Bear Stearns

I can't believe where you are coming from. The Fed's role in this financial disaster is nothing to be pround of. They sat on their hands for years while Wall Street built a skyscraper out of playing cards and paid themselves over 100 billion dollars in bonuses. Now it's all going very pear shaped not one cent of those bonuses is coming back. Their actions have left the world's financial system teetering on the brink of a precipice and Bernanke has to keep pulling rabbits out of his hat to pull it back. Just how many rabbits has he got left?
If the Fed had exercised any sort of proper oversight, this would have been nipped in the bud long ago.