venividivici

Why This Rally Is Unsustainable

Very informative and entertaining article.

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.

Time to Buy Bank Stocks

Put your money where your mouth is and I am sure, Gold Digger, you will get everything you deserve.

I must confess, i am surprised you have any money to invest.

Derivatives and Bank Collapse - The Scam That Went Largely Unreported

Mauljeff whilst I agree with most of what you say I have to take issue with your description of the market as a "casino". That is a gross insult to casinos. Casinos are very closely regulated in the way they relieve their clients of their money.
Singhash my best wishes and commiserations. I agree your worst fears wiil probably be realised.

Bad Bank, Or Bad Plan?

Anyone who complains about the latest plan to bail out these grotesquely incompetent bankers with more and more public money is immediately labelled a "short" by people like our friend above. God help me!!! It is little wonder that America is going down the gurgler at light speed.

Is The Great Depression the U.S. Treasury's 'Playbook' for the Current Crisis?

You have summed it up perfectly mate.

GE: What's Working, What's Not

Great summation Rhett!

CDS Prices Trend Calls Another Downturn in Equities

Very interesting article.

GE's Rollover Risk Supports Short Trade

Rakesh you are absolutey right, the only thing that will save companies like GE and Citigroup is whether the government choses to to save them with public money.
GE has been brutal in the way they have lent money to the down and outs here in Australia and I presume everywhere else and it is all coming home to roost.
Gee even Butffet missed that fact, not just all the pumpers and apologists for companies like this.

Wachovia Losses Outpace Expectations - RBC Analyst

Exactly Fitz 919. They were forced to open their "Pandora's Box". I think it is safe to say that they all have their own "Pandora's Box" and the contents may be every bit as toxic or even more so.

Wall Street Bankers: Rewarding Failure

These disgusting people will never take their snouts out of the pig trough because they are never punished in any sort of meaningful fashion for their misdeeds, just continuously rewarded.Why would they change?
Bush's latest pronouncement on the enduring advantages of American capitalism was breathtaking. How can there be a solution when you have this sort of mind boggling denial.

Reality Bites As Stocks Continue To Collapse

oooo mole it is time to get with the program and stop talking about realities. Don't you understand, things are so bad it is time for all and sundry to take to the bilge pumps on the USS Titanic.

Is Citigroup Laying Off Analysts?

Look I haven't even bothered to read this article, i have just read the heading. Anal ysts should be taken out and then be hung, drawn and quartered. And that will be be not the slightest loss to the financial world.They are just a bunch of pathetic cheerleaders, end of story. A lot of things have to change for this market to restore any credibility with the real world. The complete removal of anal ysts would be a start.

How Much Will a Wells-Wachovia Deal Cost Taxpayers?

One way or another the taxpayer is going to end up picking up the tab for this bunch of miscreants. It also means that the government is going to go even more in debt but hey what's another trillion or so on the national debt, nothing.

Wachovia for Free? Citi Still Paid Too Much

Look the fact that poor old Tom Brown shows his sorry backside on this site is indicative of the fact that he has a hide thicker than 20 rhinos. This guy has spent the last year telling the same story ,that financials have bottomed and everyone should get into them NOW! Tom you see is an expert and he really only missed one fact, just about all of the financials are hopelessly insolvent so give him a break. There is a chance, like about a trillion to one, that this time yes, this time, Tom might have got something right. But don't put your house on it.