kahunabear

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8 Comments

    • Tue Sep 23rd 01:06 AM | Rating: 0 0
      Commented on:
      PowerShares Financial Portfolio: A Preferred Idea
      Not so great after all.
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    • Sun Jul 13th 22:59 PM | Rating: 0 0
      Commented on:
      What Kind of Government Support Will Fannie and Freddie Get?
      Paul Volcker save us!
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    • Sun Jul 13th 12:34 PM | Rating: 0 0
      Commented on:
      What Kind of Government Support Will Fannie and Freddie Get?
      You know, on second thought, you are right Brad, all is ok. I defer to your Harvad Ph.D. and qualifications as a professor at Berkley so prominently displayed on your web page.

      Fannie and Freddie are A-OK. The crash of their stock prices must be some kind of anomaly. Also, the falling dollar, skying commodities, crashing banking stocks, bankrupt mortgage companies, plummeting housing prices, etc. all seem to point to a bright future. We certainly seem to be winnning this "keep-the-economy... full employment game". The Minisirty of Truth also says we are winning the inflation game. Phew. Happy times ahead.
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    • Sun Jul 13th 11:38 AM | Rating: 0 0
      Commented on:
      What Kind of Government Support Will Fannie and Freddie Get?
      Risky asset prices need to collapse, not be subsidized by more Bernanke bucks.

      Neither the stockholders or bond holders should be bailed out. The bonds have no guarantee. And if it is "implied", it shouldn't be.

      The very best thing for the mortgage market is to let the buyers of the bonds feel the pain of taking on risky mortgage backed securities. Thisis the only way to prevent this rapant "risk free" speculation in the future. Letting the bond holders earn a return in line with the return that the actual mortgages produce will cause future mortgages and mortgage bonds to be priced appropriately by the market.

      Otherwise, we will end up right back in another bubble where the robber barrons rape the taxpayer by taking ridiculous risks to line their pocket books knowing they can pawn off any losses to the masses.

      This is exactly what is wrong with American crony capitalisim. Alas, my idea will never happen. We are doomed to a future of pillaging and will eventually end up as a Banana Republic. Oil, gold and commodities are proving to be a much more reliable currency and store of value than the buck. They aren't making any more oil or gold. On the other hand, their is an unlimitled supply of Bernanke bucks.
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    • Sat Jul 12th 22:35 PM | Rating: 0 0
      Commented on:
      The ABCs of the Fannie Mae / Freddie Mac Problems
      LoveShorting - NAU = North American Union
      en.wikipedia.org/wiki/...
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    • Sat Jul 12th 20:34 PM | Rating: 0 0
      Commented on:
      The ABCs of the Fannie Mae / Freddie Mac Problems
      Neither the stockholders or bond holders should be bailed out. The bonds have no guarantee. And if it is "implied", it shouldn't be.

      The very best thing for the mortgage market is to let the buyers of the bonds feel the pain of taking on risky mortgage backed securities. Thisis the only way to prevent this rapant "risk free" speculation in the future. Letting the bond holders earn a return in line with the return that the actual mortgages produce will cause future mortgages and mortgage bonds to be priced appropriately by the market.

      Otherwise, we will end up right back in another bubble where the robber barrons rape the taxpayer by taking ridiculous risks to line their pocket books knowing they can pawn off any losses to the masses.

      This is exactly what is wrong with American crony capitalisim. Alas, my idea will never happen. We are doomed to a future of pillaging and will eventually end up as a Banana Republic. Want to know why oil is so high? It is a heck of a lot more reliable currency and store of value than the buck. They aren't making any more of it. On the other hand, their is an unlimitled supply of Bernanke bucks.
      View article »
    • Mon Mar 31st 12:30 PM | Rating: 0 0
      Commented on:
      Calls For A Market Ready to "Rocket Higher"
      Cash on sidelines?
      Stocks are cheap?
      Don't fight the fed?

      Move along, nothing new here. Been hearing this since Dow 14,000.

      Got anything new to say?
      View article »
    • Wed Mar 19th 08:46 AM | Rating: 0 0
      Commented on:
      Dear Ben: 5 Suggestions for Saving the U.S Economy
      Hear hear!
      View article »
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