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    • Fannie and Freddie Did Not Cause This Crisis [view article]
      SA you need to start editing posts and articles for partisan political crap or perhaps sell yourselves to HuffingtonPost or something -- that aside on the subject of Fannie and Freddie, a pretty good article from today's Sunday New York Times:

      www.nytimes.com/2008/1...

      And to keep them honest and balanced, a pretty good article from the same New York Times circa September 1999:

      query.nytimes.com/gst/...       Oct 05 05:58 PM
    • America Needs a Turnaround Plan [view article]
      Off topic but maybe good info for this coming week: retrieved from rgemonitor.com

      NEW YORK , September 30, 2008 -- The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2008 effective Wednesday, October 1, 2008.

      Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30-percent of the DJIA average closing values of the previous month, rounded to the nearest 50 points.

      In fourth-quarter 2008, the 10, 20 and 30-percent decline levels, respectively, in the DJIA will be as follows:

      Level 1 Halt
      A 1,100-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.

      Level 2 Halt
      A 2,200-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.

      Level 3 Halt
      A 3,350-point drop will halt trading for the remainder of the day regardless of when the decline occurs.

      Background:
      Circuit-breakers are calculated quarterly. The percentage levels were first implemented in April 1998 and are adjusted on the first trading day of each quarter. In 2008, those dates are Jan. 2, April 1, July 1 and Oct. 1.

      Contact: Mirtha Medina
      Phone: 212.656.6192
      Email: mmedina@nyx.com

      www.nyse.com/press/122...


      Oct 05 05:43 PM
    • America Needs a Turnaround Plan [view article]
      I have to agree with "Gramps2" - I've spent some time today at www.rgemonitor.com - free registration - and some very good quality discourse in the RGE Content: Weekly Roundup.

      Oct 05 03:30 PM
    • America Needs a Turnaround Plan [view article]
      With all do respect to the author - I'm struggling to find any value added in the content of your article beyond its title - I think most realize that a turnaround plan is needed and that sadly the two candidates and their seconds aren't up to the job. They all talk in generalities and speak out of both sides of their mouths. Oct 05 01:19 PM
    • Bailout Bill Passes; What Happens Now? [view article]
      For the conspiracy theorists out there, I think you will want to forward this video to your friends. For those who ridicule conspiracy theorists you may want to have a look at this. Here's a hint, it has to do with Martial Law and the Bailout package.

      www.youtube.com/watch?...       Oct 05 09:45 AM
    • TARP Is Just the Beginning - Barron's [view article]
      'asset manager' - Lineups of "volunteers" from Wall Street and Newport Beach have been forming for a fortnight, and the all lead to Honest Hank's office. An opportunity of a lifetime if not a millenium that will make the weatlh created for some via the Iraq war seem like pocket change. Oct 05 08:24 AM
    • TARP Is Just the Beginning - Barron's [view article]
      Here is a link to the Barrons article (free access) -- It is interesting how when this was being 'sold' to the American public, the bailout was a panacea (though it never was). Now that the bill has passed the business, political and mainstream media revisionist spin machines are working overtime to manage expectations.

      online.barrons.com/art...       Oct 05 08:13 AM
    • Bailout Bill Passes; What Happens Now? [view article]
      Yet another interesting link from WSJ Oct 2, featuring a transcript of a conf call with the now semi-Bullish Barry Ritholtz and Super Bear Roubini

      blogs.wsj.com/marketbe.../       Oct 04 02:05 PM
    • Iceland: When Too Big to Fail Becomes Too Big to Rescue [view article]
      I posted in another article but here it is again - a must read - Nouriel Roubini's October 3 commentary - "Financial and Corporate System is in Cardiac Arrest: The Risk of the Mother of All Bank Runs" (Roubini has waved subscription charges to his site - registration is free)

      www.rgemonitor.com/rou...       Oct 04 12:05 PM
    • Bailout Bill Passes; What Happens Now? [view article]
      anarchist - what is scary is that Nouriel Roubini is not some out there alarmist wacko - he is a credible economic commentator with a track record of calling things accruately - for him to offer his newsletter for free is an indication of just how serious things have become. What's also of concern is when you hear guys like Dennis Gartman taking delivery of gold - and even saying that he hopes he loses money on it e.g. the alternative is worse.

      Here's the Roubini link again - it is a must read

      www.rgemonitor.com/rou...       Oct 04 10:54 AM
    • Bailout Bill Passes; What Happens Now? [view article]
      Here's a link to an article by Nouriel Roubini, Professor of Economics at the Stern School of Business at NYU - To view the full article you will need to register (free). This is a must read in my opinion.

      Financial and Corporate System is in Cardiac Arrest: The Risk of the Mother of All Bank Runs (published Oct. 3)

      www.rgemonitor.com/rou...       Oct 04 10:20 AM
    • How Banks Hedge Counterparty Risk [view article]
      Very helpful article, but the only explanation I need is that today just before the bail out was passed, Barry Ritholtz went Bullish, which speaks volumes to the contrarians in the audience. Come to think of it I have not seen an article by the former permabear Ritholtz on SA recently. The following is a link to the video clip of Barry Ritholtz on CNBC Friday October 3, '08 at 1PM

      www.cnbc.com/id/158402...       Oct 03 10:34 PM
    • The Die Is Cast [view article]
      I confess I watch CNBC - there are a few decent commentators still there such as Art Cashin. This is his commentary just before 9am this morning (Fri Oct 3. 08) -- and is worth watching as he describes the three scenarios for today's Bail Out vote -

      www.cnbc.com/id/158402...

      Oct 03 10:21 PM
    • IYK: Consumer Goods Offer Value for Investors [view article]
      I posted this in a couple of other places but thought I would place here as well

      A one hour interivew of Warren Buffett by Charlie Rose - October 1, 2008. (The bail out will make money if you buy at market)

      video.google.com/googl...

      If the above link does not work try this one

      www.charlierose.com/gu...

      Oct 02 05:43 PM
    • The Blue Chip Cycle [view article]
      I posted this elsewhere but thought I would put here as well

      A one hour interivew of Warren Buffett by Charlie Rose - October 1, 2008. (The bail out will make money if you buy at market)

      www.charlierose.com/gu...

      If the above link does not work try this one

      video.google.com/googl...       Oct 02 05:41 PM
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